Ituran Location and Control Ltd. (ITRN) Q2 2023 Earnings Call Transcript

Ituran Location and Control Ltd. (NASDAQ:ITRN) Q2 2023 Earnings Conference Call August 15, 2023 10:00 AM ET

Company Participants

Kenny Green - Investor Relations
Eyal Sheratzky - Chief Executive Officer
Udi Mizrahi - Deputy Chief Executive Officer and Vice President, Finance
Eli Kamer - Chief Financial Officer

Conference Call Participants

Chris Reimer - Barclays
Abba Horwitz - Old School Partners
Fred Foulkes - Boston University

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Ituran’s Second Quarter 2023 Results Conference Call. [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 the call over to Mr. Kenny Green of EK Global Investor Relations. Mr. Green, would you like to begin?

Kenny Green

Thank you, operator. Good day to all of you and welcome to Ituran’s conference call to discuss the second quarter 2023 results. I would like to thank Ituran’s management for hosting this conference call. With me on the line today 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 statement in today’s press release also covers the contents of this conference call.

And with that, Eyal, would you like to begin, please?

Eyal Sheratzky

Thank you, Kenny. I’d like to welcome all of you to our second quarter 2023 call. And I