Motor vehicle theft

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

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Monday, November 21, 2022

Control, Tax, Motor vehicle theft, Insurance, Management control system, DRIVE, OEM, Holding company, Bank, Ituran

AZOUR, Israel, Nov. 21, 2022 /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 $0.14per share, totaling approximately US$3million.

Key Points:

AZOUR, Israel, Nov. 21, 2022 /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 $0.14per share, totaling approximately US$3million.
The Company will pay the dividend out on January 4, 2023 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
Retained earnings as of September 30, 2022, prior to the distribution was US$162.2million and retained earnings will reach US$159.2 million after the distribution.

ITURAN SURPASSES 2 MILLION SUBSCRIBERS AND PRESENTS RESULTS FOR THE THIRD QUARTER OF 2022

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Monday, November 21, 2022

SECURE Act of 2019, Control, Growth, EBITDA, Eastern Time Zone, Motor vehicle theft, Insurance, COVID-19, Policy, Management control system, DRIVE, OEM, Airline, Video game, Mobile phone, Security (finance), Payment card, Ituran

AZOUR, Israel, Nov. 21, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the third quarter of 2022.

Key Points:

Continued Mr. Sheratzky, "We are also very happy with our financial results showing continued solid growth in revenue and profitability.
In addition to our regular dividend payment of $3 million per quarter, we purchased a further $2 million in shares under our share buy-back program, targeting increased shareholder value."
Revenuesfor the third quarter of 2022 were $72.7 million, an increase of 11% compared with revenues of $65.7 million in the third quarter of 2021.
Financial expense for the quarter was $0.7 million compared with a financial expense of $2.7 million in the third quarter of last year.

ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2022 RESULTS RELEASE AND CONFERENCE CALL FOR MONDAY, NOVEMBER 21, 2022

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Thursday, October 27, 2022

Review, Control, NASDAQ, Insurance, Management control system, Industry, Motor vehicle theft, Company, DRIVE, OEM, Eastern Time Zone, Mobile phone, Ituran

AZOUR, Israel, Oct. 27, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2022 results on Monday, November 21, 2022.

Key Points:

AZOUR, Israel, Oct. 27, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2022 results on Monday, November 21, 2022.
The Company will be hosting a conference call later that day at 9am Eastern Time.
On the call, management will review and discuss the results, and will be available to answer investor questions.
Established in 1995, Ituran has approximately 3,000 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

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Monday, August 29, 2022

Tax, Insurance, NASDAQ, Control, OEM, Board, DRIVE, Management control system, Company, Director, Industry, Motor vehicle theft, Board of directors, Holding company, Bank, Ituran

AZOUR, Israel, Aug. 29, 2022 /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 $0.14per share, totaling approximately US$3million.

Key Points:

AZOUR, Israel, Aug. 29, 2022 /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 $0.14per share, totaling approximately US$3million.
The Company will pay the dividend out on October 13, 2022 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
Retained earnings as of June 30, 2022, prior to the distribution was US$155.0million and retained earnings will reach US$152.0 million after the distribution.

ITURAN LOCATION AND CONTROL LTD. PRESENTS RESULTS FOR THE SECOND QUARTER OF 2022

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Monday, August 29, 2022

AZOUR, Israel, Aug. 29, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2022.

Key Points:

AZOUR, Israel, Aug. 29, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the second quarter of 2022.
Revenuesfor the second quarter of 2022 were $73.4 million, an increase of 9% compared with revenues of $67.5 million in the second quarter of 2021.
The gross margin in the quarter on subscription revenues improved to 56.8%, compared with 55.5% in the second quarter of 2021.
The gross margin on products was 19.6% in the quarter, compared with 24.8% in the second quarter of 2021.

ITURAN LOCATION AND CONTROL LTD. SCHEDULES SECOND QUARTER 2022 RESULTS RELEASE AND CONFERENCE CALL FOR MONDAY, AUGUST 29, 2022

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Monday, July 18, 2022

Motor vehicle theft, Review, OEM, Management control system, Insurance, Eastern Time Zone, Control, NASDAQ, Industry, Company, DRIVE, Mobile phone, Ituran

AZOUR, Israel, July 18, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its second quarter 2022 results on Monday, August 29, 2022.

Key Points:

AZOUR, Israel, July 18, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its second quarter 2022 results on Monday, August 29, 2022.
The Company will be hosting a conference call later that day at 9am Eastern Time.
On the call, management will review and discuss the results, and will be available to answer investor questions.
Established in 1995, Ituran has approximately 3,000 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

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Tuesday, May 24, 2022

Company, Motor vehicle theft, Director, Insurance, NASDAQ, Tax, DRIVE, OEM, Management control system, Control, Industry, Board, Board of directors, Holding company, Bank, Ituran

AZOUR, Israel, May 24, 2022 /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 $0.14per share, totaling approximately US$3million.

Key Points:

AZOUR, Israel, May 24, 2022 /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 $0.14per share, totaling approximately US$3million.
The Company will pay the dividend out on July 14, 2022 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
Retained earnings as of March 31, 2022, prior to the distribution was US$149.1 million and retained earnings will reach US$146.1 million after the distribution.

ITURAN PRESENTS RECORD AFTER-MARKET SUBSCRIBER GROWTH IN ITS RESULTS FOR THE FIRST QUARTER OF 2022

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Tuesday, May 24, 2022

AZOUR, Israel , May 24, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2022.

Key Points:

AZOUR, Israel, May 24, 2022 /PRNewswire/ --Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2022.
Revenuesfor the first quarter of 2022 were $72.1 million, an increase of 7% compared with revenues of $67.4 million in the first quarter of 2021.
During the quarter, there was an increase of 59,000 in the aftermarket subscriber base and a decrease of 16,000 in the OEM subscriber base.
The gross margin in the quarter on subscription revenues was 55.9%, compared with 55.1% in the first quarter of 2021.

ITURAN LOCATION AND CONTROL LTD. SCHEDULES FIRST QUARTER 2022 RESULTS RELEASE AND CONFERENCE CALL FOR TUESDAY, MAY 24, 2022

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Tuesday, May 3, 2022

Insurance, NASDAQ, Control, OEM, Company, Review, Industry, DRIVE, Motor vehicle theft, Management control system, Mobile phone, Ituran

AZOUR, Israel , May 3, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its first quarter 2022 results on Tuesday, May 24, 2022.

Key Points:

AZOUR, Israel, May 3, 2022 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its first quarter 2022 results on Tuesday, May 24, 2022.
The Company will be hosting a conference call later that day at 10am Eastern Time.
On the call, management will review and discuss the results, and will be available to answer investor questions.
Established in 1995, Ituran has approximately 3,000 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

ITURAN LOCATION AND CONTROL LTD ANNOUNCES DISTRIBUTION OF A $3 MILLION DIVIDEND

Retrieved on:

Monday, March 7, 2022

Industry, OEM, Board of directors, Director, Board, Company, DRIVE, Tax, Control, Motor vehicle theft, Insurance, NASDAQ, Holding company, Bank, Ituran

AZOUR, Israel, March 7, 2022 /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 $0.14per share, totaling approximately US$3million.

Key Points:

AZOUR, Israel, March 7, 2022 /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 $0.14per share, totaling approximately US$3million.
The Company will pay the dividend out on April 6, 2022 net of taxes at the rate of 25%.
In its decision to approve the distribution of the cash dividend, the Board of Directors examined whether the Company meets the distribution criteria according to Israeli law.
Retained earnings as of December 31, 2021, prior to the distribution was US$143.3million and retained earnings will reach US$140.3 million after the distribution.