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ITURAN LOCATION AND CONTROL LTD Announces Dividend Distribution of $10 Million Declared for the First Quarter of 2025
Prnewswire· 2025-05-28 11:30
AZOUR, Israel, May 28, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) announced that the Board of Directors approved the distribution of a cash dividend in the amount of $0.50 per share, totaling approximately US$ 10 million. The dividend will be paid to shareholders of record as of June 18, 2025. The Company will pay the dividend out on July 2, 2025, net of taxes at the rate of 25%. In its decision to approve the distribution of the cash dividend, the Board of Directors examined wheth ...
ITURAN PRESENTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-28 10:30
Surpasses 2.5 million subscriber milestone with 99,000 net adds in the quarter; raises 2025 net subscriber-add forecast to 220,000–240,000;AZOUR, Israel, May 28, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the first quarter 2025.Highlights of the First Quarter of 2025 Added a record 99,000 net subscribers in the quarter. Revenue of $86.5 million, a 2% increase year-over-year. Operating income of $18.7 million, a 10% increase yea ...
Ituran Announces New OEM Agreement with Stellantis in South America
Prnewswire· 2025-05-27 11:00
AZOUR, Israel, May 27, 2025 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), a global leader in vehicle telematics, today announced a new service agreement with Stellantis in South America. The contract covers multiple countries in the region and is set for a multi-year period, with the potential for expansion to additional markets and extended service periods. Eyal Sheratzky, co-CEO of Ituran, commented, "We are excited to enter this strategic partnership with Stellantis, bringing our advan ...