Ituran reports record Q2 2026 revenue and profit

Earnings
โดย Seeking Alpha·ILUS·Read original
Summary · why it matters

Ituran Location and Control Ltd. reported record second-quarter 2026 results with revenue of $104.8 million, up 21% year-over-year, and net income of $17.3 million, or $0.88 per diluted share. Subscription fees rose 25% to $79.8 million, representing 76% of total revenue, while EBITDA reached $28.5 million, or 27.2% of revenue. The company declared a $10 million dividend, or $0.50 per share, and repurchased $3 million in shares during the quarter. Management said the big data initiative is expanding beyond Israel, with advanced discussions and pilot projects underway, while the U.S. car-rental initiative IturanMob is a midterm project not expected to contribute substantially in 2026 or 2027.

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