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Ituran Location And Control Ltd   (NASDAQ: ITRN)
 



  Ituran Location And Control Ltd Outlook

On May 28 2024 the Ituran Location And Control Ltd provided following guidance

nnIturan Location and Control Ltd. Unveils First Quarter 2024 Financial Resultsnn

nnAZOUR, Israel, May 28, 2024nn - Ituran Location and Control Ltd. (NASDAQ: ITRN) today released its consolidated financial results for the first quarter of 2024, showcasing record-breaking revenue and sustained robust profitability.

### Financial Highlights
Reflecting the company's strong market position and operational efficiency, Ituran Location and Control Ltd. reported unprecedented revenue levels for the first quarter of 2024. These results are buoyed by continued robust demand for the company’s services and strong execution across its various business segments.

### Guidance Reaffirmation
In light of its impressive performance, Ituran reaffirms its financial guidance for the rest of the fiscal year 2024. This reiteration underscores the company's confidence in maintaining its growth trajectory and achieving its strategic objectives.

### Dividend Declaration
To further demonstrate its commitment to returning value to shareholders, Ituran’s Board of Directors has approved a dividend payout of $8 million for the first quarter of 2024. This decision aligns with the company’s ongoing strategy to deliver consistent and substantial returns to its investors.

### Corporate Outlook
Ituran Location and Control Ltd. remains poised for continued success, leveraging its industry-leading technologies and customer-centric solutions to drive further growth. The company maintains a positive outlook for the remainder of 2024, supported by a solid financial foundation and a clear strategic direction.

### CEO’s Statement
“As we report a record-setting quarter, we are pleased to uphold our financial guidance and announce a significant dividend for our shareholders,” said the CEO of Ituran Location and Control Ltd. “Our consistent performance reflects our unwavering commitment to excellence and our ability to navigate the complexities of the market landscape effectively.”

### Conclusion
With a strong start to 2024, Ituran Location and Control Ltd. is well-positioned to capitalize on future opportunities and continue delivering exceptional value to its customers and shareholders alike. The company’s focused strategy and robust financial health suggest a promising outlook for the remainder of the year.

For further details, please refer to the comprehensive financial statements available on Ituran’s investor relations webpage.





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