Ituran Location and Control (ITRN) Q3 2022 Earnings Call Transcript

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q3 2022 Earnings Conference Call November 21, 2022 9:00 AM ET

Company Participants

Eyal Sheratzky - Chief Executive Officer
Eli Kamer - Executive Vice President, Chief Financial Officer
Kenny Green - EK Global Investor Relations

Conference Call Participants

Chris Reimer - Barclays
Abba Horwitz - OSP

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Ituran third quarter 2022 results conference call.

All participants are at present in listen-only mode. Following management’s formal presentation, instructions will be given for the question-and-answer session. For Operator assistance during the conference, please press star, zero. 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, www.ituran.co.il.

I will now hand the call over to Mr. Kenny Green of GK Global Investor Relations. Mr. Green, would you like to begin?

Kenny Green

Thank you. Good day to all of you and welcome to Ituran’s conference call to discuss the third quarter 2022 results. I would like to thank Ituran’s management for hosting this conference 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 of Ituran. 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 covers the content of this conference call.

Now Eyal, would you like to begin please?

Eyal Sheratzky

Thank you, Kenny. I’d like to