Ituran Location & Control Ltd.

Ituran Location & Control Ltd. announced an update on withholding tax procedures for its upcoming dividend distribution. The company obtained a tax ruling from the Israeli Tax Authority, which may allow certain shareholders to receive a reduced Israeli withholding tax rate on the $0.50 per share dividend, payable on July 8, 2026. Shareholders seeking a reduced rate must apply to the designated agent by August 5, 2026, providing necessary documentation.

Ituran Location and Control Ltd. announced a cash dividend of $0.50 per share, totaling approximately $10 million, for the first quarter of 2026. The dividend will be paid on July 8, 2026, to shareholders of record as of June 24, 2026, with a reduced tax withholding rate of 20% due to its classification as "Preferred Income." The Board of Directors confirmed that this distribution will not negatively impact the company's ongoing operations or future plans, citing strong financial health with $231.3 million in retained earnings and $108.0 million in cash as of March 31, 2026.

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.

Ituran Location & Control Ltd. (ITRN) announced on April 27, 2026, that it has scheduled the release of its first quarter 2026 financial results. The company will also host a conference call to discuss these results.

Ituran Location & Control Ltd. (ITRN) filed its 20-F annual report, detailing a comprehensive range of risks impacting its business, operations, and financial condition. Key risks include geopolitical instability in Israel, reliance on third-party relationships and technology, intense competition, and the evolving threat of cybersecurity breaches. The company also highlighted risks related to AI development, supply chain issues, and currency fluctuations, alongside challenges in new market expansion and labor disputes.