Quarterly ResultMay 26, 2026, 06:32 AM
Ituran Q1 Revenue $102.7M, +19% YoY; Net Income $16.8M, +15%
AI Summary
Ituran Location & Control Ltd. reported strong first-quarter 2026 results, with revenue surpassing $100 million for the first time, reaching $102.7 million, a 19% increase year-over-year. Subscription revenues grew 21% to $75.4 million, and the company added 40,000 net subscribers, bringing the total to 2.67 million. Operating income, EBITDA, and net income also saw double-digit growth, and the Board declared a $10 million quarterly dividend.
Key Highlights
- Revenue increased 19% year-over-year to a record $102.7 million.
- Subscription revenues grew 21% to $75.4 million.
- Net income rose 15% year-over-year to $16.8 million, with diluted EPS of $0.85.
- EBITDA increased 15% to $26.7 million.
- Added 40,000 net subscribers, bringing the total subscriber base to 2,670,000.
- The Board declared a quarterly dividend of $10 million, or $0.50 per share.
- Purchased $0.5 million in shares under the buy-back program, with $13.0 million remaining authorization.
- Cash flow from operations for the quarter was $18.2 million.
Price Impact
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