Ituran Location & Control Ltd. (ITRN) Form 6-K — May 26, 2026
Ituran Location & Control (ITRN) reported Q1 2026 revenue of $102.7 million, a 19% year-over-year increase, marking the first time the company surpassed $100 million in quarterly revenue. Net income rose 15% to $16.8 million, driven by a 21% increase in subscription revenues to $75.4 million and the addition of 40,000 net subscribers, bringing the total base to 2.67 million. The company declared a quarterly dividend of $10 million ($0.50 per share) and executed $0.5 million in share repurchases under an expanded buyback program with $13.0 million remaining.
Key figures
- Eps
- 0.85
- Revenue
- 102666000
- Net Income
- 16774000
- Revenue Yoy
- 19%
- Total Assets
- 401197000
- Cash Position
- 107969000
- Ebitda
- 26700000
- Gross Profit
- 49444000
- Product Revenue
- 27266000
- Operating Income
- 22059000
- Operating Margin
- 21.5%
- Dividend Declared
- 10000000
- Dividend Per Share
- 0.5
- Total Subscribers
- 2670000
- Gross Margin Product
- 18.7%
- Net Subscribers Added
- 40000
- Subscription Revenue
- 75400000
- Remaining Buyback Auth
- 13000000
- Cash Flow From Operations
- 18249000
- Gross Margin Subscription
- 58.8%
AI analysis
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