Ituran Location and Control Ltd. Stock Earnings Reports
Ituran Location and Control Ltd. Earnings Calls
Release date | May 28, 2025 |
EPS estimate | $0.700 |
EPS actual | - |
Revenue estimate | 88.47M |
Revenue actual | - |
Expected change | +/- 7.04% |
Release date | Feb 26, 2025 |
EPS estimate | $0.650 |
EPS actual | $0.700 |
EPS Surprise | 7.69% |
Revenue estimate | 81.814M |
Revenue actual | 82.883M |
Revenue Surprise | 1.31% |
Release date | Nov 21, 2024 |
EPS estimate | $0.620 |
EPS actual | $0.690 |
EPS Surprise | 11.29% |
Revenue estimate | 82.04M |
Revenue actual | 83.479M |
Revenue Surprise | 1.75% |
Release date | Aug 19, 2024 |
EPS estimate | $0.610 |
EPS actual | $0.660 |
EPS Surprise | 8.20% |
Revenue estimate | 86.2M |
Revenue actual | 84.869M |
Revenue Surprise | -1.54% |
Last 4 Quarters for Ituran Location and Control Ltd.
Below you can see how ITRN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Aug 19, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $27.87 |
EPS estimate | $0.610 |
EPS actual | $0.660 |
EPS surprise | 8.20% |
Date | Price |
---|---|
Aug 13, 2024 | $26.26 |
Aug 14, 2024 | $26.30 |
Aug 15, 2024 | $27.10 |
Aug 16, 2024 | $27.04 |
Aug 19, 2024 | $27.87 |
Aug 20, 2024 | $28.60 |
Aug 21, 2024 | $28.58 |
Aug 22, 2024 | $28.22 |
Aug 23, 2024 | $29.53 |
4 days before | 6.13% |
4 days after | 5.96% |
On release day | 2.62% |
Change in period | 12.45% |
Release date | Nov 21, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $28.50 |
EPS estimate | $0.620 |
EPS actual | $0.690 |
EPS surprise | 11.29% |
Date | Price |
---|---|
Nov 15, 2024 | $26.75 |
Nov 18, 2024 | $26.82 |
Nov 19, 2024 | $27.18 |
Nov 20, 2024 | $27.26 |
Nov 21, 2024 | $28.50 |
Nov 22, 2024 | $28.98 |
Nov 25, 2024 | $29.14 |
Nov 26, 2024 | $29.69 |
Nov 27, 2024 | $29.80 |
4 days before | 6.54% |
4 days after | 4.56% |
On release day | 1.68% |
Change in period | 11.40% |
Release date | Feb 26, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $43.91 |
EPS estimate | $0.650 |
EPS actual | $0.700 |
EPS surprise | 7.69% |
Date | Price |
---|---|
Feb 20, 2025 | $41.68 |
Feb 21, 2025 | $41.52 |
Feb 24, 2025 | $40.58 |
Feb 25, 2025 | $40.17 |
Feb 26, 2025 | $43.91 |
Feb 27, 2025 | $42.78 |
Feb 28, 2025 | $41.88 |
Mar 03, 2025 | $39.80 |
Mar 04, 2025 | $39.52 |
4 days before | 5.35% |
4 days after | -10.00% |
On release day | -2.57% |
Change in period | -5.18% |
Release date | May 28, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | - |
EPS estimate | $0.700 |
EPS actual | - |
Date | Price |
---|---|
May 12, 2025 | $37.18 |
May 13, 2025 | $37.40 |
May 14, 2025 | $37.56 |
May 15, 2025 | $37.84 |
May 16, 2025 | $37.82 |
Ituran Location and Control Ltd. Earnings Call Transcript Summary of Q4 2024
Q4 2024 Earnings Call
Financial Performance:
- Q4 Revenue: $82.9 million, a 7% increase from $77.8 million in Q4 2023. When adjusted for currency effects, local revenue growth was 11%.
- Subscription Revenue: $61.5 million, up 4% year-over-year; local currency increase of 9%.
- Product Revenue: $21.3 million, a 16% increase year-over-year, stable in local currencies.
- Subscriber Growth: Net increase of 40,000 subscribers in Q4, bringing the total to 2.409 million, above guidance of 35,000-40,000.
- Annual Performance: 2024 total revenue reached a record $336 million, up 5% from $320 million in 2023, with substantial contributions from subscription fees.
Profitability:
- EBITDA: $22.5 million in Q4, representing 27.2% of revenue (up from 28.2% in Q4 2023). Annual EBITDA of $91.3 million, a 5% increase year-over-year.
- Net Income: $13.8 million for Q4, reflecting a 15% year-over-year increase. Full year net income was $53.7 million, an 11% increase over 2023.
Cash Position:
- Strong cash generation with operational cash flow of almost $23 million in Q4, total cash reserves of $77.4 million, minimal debt ($0.1 million).
- Dividend Increased: Quarterly dividend raised by 25% to $10 million, yielding a 5% annualized return for shareholders.
Growth Prospects:
- Subscriber Acquisition: Anticipated growth of 180,000 to 200,000 new subscribers in 2025, representing over 20% growth from 2024.
- Market Initiatives:
- Successful trials with major partners like Daimler in India and a new five-year agreement with Nissan in Chile expected to boost subscriber growth.
- Continued strong traction in Israel for usage-based insurance, addressing high car theft rates.
- New motorcycle product showing strong market uptake, expanding the total addressable market.
Challenges and Considerations:
- Currency fluctuations negatively affected USD-denominated results, though local revenue showed strong performance.
- The company focuses on expanding OEM partnerships, although these typically generate lower margins compared to retail sales.
Investor Outlook:
- While the 2025 EBITDA target guidance was not provided due to currency volatility, the company remains optimistic based on strong operational performance and subscriber growth trends.
- Management emphasized ongoing commitment to maximize profitability and adaptability in pricing strategies as market conditions evolve.
Conclusion:
Ituran Location and Control Ltd. showcased solid financial growth in Q4 and throughout 2024, with strategic initiatives driving subscriber additions and establishing new partnerships. Investors can expect continued focus on subscriber growth and expansion of offerings, while also benefiting from a strong cash position and increased dividends.