Ituran Location and Control Ltd. (NASDAQ:ITRN) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET
Company Participants
Ehud Helft – EK Global Investor Relations
Eyal Sheratzky – Chief Executive Officer
Eli Kamer – Chief Financial Officer
Conference Call Participants
Chris Reimer – Barclays
Boris Schneider – More
Abba Horwitz – OSP
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Ituran Fourth Quarter and Full Year 2023 Results Conference Call. All participants are present in listen-only mode. Following management’s formal presentation, instructions will be given for the question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded.
You should have all received by now the company’s press release. If you have not received it, please contact Ituran’s Investor Relations team at EK Global Investor Relations at 1-212-378-8040 or view it in the news section of the company’s website at www.ituran.co.il.
I will now hand over the call to Mr. Ehud Helft of EK Global Investor Relations. Mr. Helft, would you like to begin?
Ehud Helft
Thank you, operator. Good day to all of you and welcome to Ituran’s conference call to discuss the fourth quarter and full year 2023 results. I would like to thank Ituran management for hosting this call. With me today on the call are Mr. Eyal Sheratzky, CEO; Mr. Udi Mizrahi, Deputy CEO and VP Finance; and Mr. Eli Kamer, CFO.
Eyal will begin with a summary of the quarter’s results, followed by Eli with a summary of the financials. We will then open the call for the question-and-answer session. I would like to remind everyone that the Safe Harbor in the press release also cover the content of this conference call.
And now, Eyal, would you like to begin, please?
Eyal Sheratzky
Thank you, Ehud. I’d like to welcome all of you to our fourth quarter and full year 2023 call. I’d like to thank you for joining us today. We are pleased with our 2023 results, which was a record year for Ituran. We are all the more pleased given that we achieved these strong results despite difficult first quarter in which our country faced a major terrorist attack at the start of the quarter, which resulted in a war which effectively pause the economy for a few weeks.
This new challenge followed by many challenges that everyone has faced over the past few years, including the Corona pandemic, supply chain issues and recently a slowing global economy. As our strong financial result demonstrate, our business is in very good shape and resilient against challenges.