Ituran Reports Q1 Revenue of $102.7 Million
Reports Q1 revenue $102.7M vs. $86.5M last year. Eyal Sheratzky, Co-CEO of Ituran said, "We are pleased to report a strong start to 2026, with revenue crossing the $100 million milestone for the first time. Furthermore, our revenue, operating income, EBITDA and net income all grew year-over-year by double digits. Our strong revenue growth was driven by a 21% increase in subscription revenues to $75.4 million. During the quarter, we added 40,000 net subscribers, in line with expectations. The long-term success in growing our global subscriber base consistently is due to offerings of new products and services to existing customers while tapping into new segments and new markets. We continue to see solid performance across our core markets in Israel and Latin America, with ongoing traction in telematics services for motorcycles and financing products. Our OEM relationships remain a key growth driver, and we are advancing well with new initiatives including IturanMob, which has expanded into the United States market, our Big Data analytics offering, and Credit Carbon. We remain confident in our ability to deliver continued growth and profitability in 2026, and in our longer-term strategy to transform Ituran into a significantly larger company."
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- Cash Dividend Announcement: Ituran Location and Control Ltd. has declared a cash dividend of $0.50 per share, totaling approximately $10 million, to be paid on July 8, 2026, reflecting the company's stable financial position and commitment to shareholder returns.
- Tax Advantage Dividend: The dividend will be subject to a 20% withholding tax, lower than the standard rate, as it is distributed from 'Preferred Income' or 'Preferred Technological Income', indicating effective tax planning that enhances shareholder returns.
- Financial Health Status: As of March 31, 2026, the company reported a cash balance of $108 million, with retained earnings expected to decrease to $221.3 million post-distribution, demonstrating the ability to maintain liquidity and financial stability while fulfilling dividend obligations.
- Market Leadership Position: Ituran holds a leading position in the OEM telematics market in Latin America, with over 2.6 million subscribers, and the continuous growth in its subscriber base and diversified service offerings lays a solid foundation for future expansion and innovation.
- Dividend Announcement: Ituran Location and Control Ltd. has declared a cash dividend of $0.50 per share, totaling approximately $10 million, which will be paid on July 8, 2026, reflecting the company's strong cash flow management.
- Tax Incentive Distribution: The dividend will be subject to a 20% withholding tax, lower than the standard rate, as it is derived from 'Preferred Income' or 'Preferred Technological Income', enhancing shareholder returns.
- Financial Health Status: As of March 31, 2026, the company reported a cash balance of $108 million, and after the dividend distribution, retained earnings will decrease to $221.3 million, indicating a solid financial position while fulfilling dividend obligations.
- Market Leadership: Ituran holds a leading position in the OEM telematics market in Latin America with over 2.6 million subscribers, and the growing subscriber base lays a strong foundation for future business expansion.
- Strong Earnings Report: Ituran's Q1 GAAP EPS of $0.85 exceeded expectations by $0.07, indicating a robust enhancement in profitability that bolsters investor confidence.
- Significant Revenue Growth: The quarterly revenue reached $102.67 million, marking an 18.7% year-over-year increase and surpassing market expectations by $7.34 million, reflecting strong performance in core business areas, particularly in Israel and Latin America.
- Robust Subscriber Growth: The company added 40,000 net subscribers in the quarter, bringing the total to 2.67 million, showcasing sustained traction in its stolen vehicle recovery and telematics services, thereby enhancing competitive positioning.
- Optimistic Strategic Outlook: With strong cash flow and recurring revenue growth, Ituran is poised for greater business expansion in the future, further increasing market share and profitability.
- Significant Revenue Growth: Ituran's Q1 2026 revenue reached $102.7 million, a 19% year-over-year increase, marking the first time it surpassed the $100 million milestone, reflecting strong performance in core markets, particularly in Israel and Latin America.
- Robust Subscription Revenue: Subscription revenue for the quarter was $75.4 million, up 21% year-over-year, accounting for 73% of total revenue, indicating successful expansion of the customer base and the introduction of new products and services, further solidifying its market leadership.
- EBITDA and Net Income Increase: EBITDA rose 15% to $26.7 million, with net income at $16.8 million, also a 15% increase, reflecting ongoing improvements in profitability and operational efficiency, which enhances investor confidence.
- Shareholder Returns and Cash Flow: The company declared a $10 million dividend for the quarter and authorized an additional $10 million for its buyback program, demonstrating strong cash flow and a solid financial position, thereby increasing shareholder value.
- Earnings Release Schedule: Ituran Location and Control Ltd. will release its Q1 2026 results on May 26, 2026, showcasing the company's latest advancements in the emerging mobility technology sector, which is expected to positively impact investor confidence.
- Video Conference Timing: The company will host a video conference at 9 AM Eastern Time (6 AM Pacific Time, 4 PM Israel Time), where management will review the earnings and answer investor questions, enhancing transparency and investor relations.
- Participation Registration: Investors must register via the provided link to join the Zoom call, and upon registration, they will receive the meeting link, ensuring convenient participation for all investors and increasing interactivity.
- Replay Availability: For those unable to attend live, the call will be available for replay within a few hours after its conclusion, ensuring widespread dissemination of information and follow-up opportunities, further enhancing communication between the company and its investors.
- Earnings Release Schedule: Ituran Location and Control Ltd. will release its Q1 2026 results on May 26, 2026, with management reviewing the results in a Zoom video conference, likely drawing significant investor interest.
- Meeting Time and Participation: The call is scheduled for 9 AM Eastern Time, and participants must register in advance to receive the link, ensuring investors can engage and ask questions effectively.
- Replay Availability: For those unable to attend live, a replay link will be available within hours after the call, promoting information dissemination and transparency among stakeholders.
- Company Background: Ituran is the largest OEM telematics provider in Latin America, boasting over 2.6 million subscribers, highlighting its leadership in the emerging mobility technology sector.









