Ituran Location & Control Ltd. scheduled its third-quarter 2026 results release for November 24, 2026, and will host a Zoom video conference that day at 9 a.m. Eastern Time, 6 a.m. Pacific Time and 4 p.m. Israel time.
Management will present the results and answer investor questions. A replay will be available through the Zoom link or the company’s website beginning within a few hours after the call ends.
Ituran Location & Control Ltd. announced its annual general meeting for November 12, 2026, with proposals to renew Fahn Kanne & Co. as independent auditor for fiscal 2026, elect Nir Sheratzky, Yigal Shani and Yehuda Kahane as Class B directors until the third succeeding annual meeting, and re-elect Israel Baron as external director for a three-year term beginning December 21, 2026. The Board recommends votes FOR the proposals. Shareholders of record on October 5, 2026 may vote; 19,835,580 ordinary shares were outstanding as of September 29, 2026, and a quorum requires at least 33 1/3% of voting power. Proposals 1 and 2 require a majority of voting power represented and voting; Baron's election has additional shareholder tests. Fahn Kanne's listed fees totaled $651,000 in 2025 ($581,000 audit and $70,000 tax fees); the listed 2024 total was $616,000.
Ituran Location & Control Ltd. (ITRN) said an Israeli Tax Authority ruling sets procedures under which certain shareholders may be eligible for a reduced Israeli withholding tax rate on its previously declared dividend, subject to the ruling’s terms. IBI Trust Management is the processing agent and will not provide tax advice.
The dividend is $0.50 per ordinary share, approximately $10 million, for holders as of September 29, 2026; payment is expected October 14, 2026. The stated Israeli withholding rates are 30% for substantial shareholders—generally holders of at least 10% of one or more means of control—and 25% for other holders. Ituran says required documents must be provided by August 5, 2026, to qualify; it separately states that applications without all required documentation by November 10, 2026 cannot be processed, amounts remitted on a shareholder’s behalf cannot be returned, and withholding confirmation cannot be provided.
Ituran Location & Control Ltd. (ITRN) reported that it has been awarded a multi‑year contract to provide entities of the Israeli Ministry of Transport with a Software‑as‑a‑Service Big Data platform for live traffic monitoring across Israel’s main roads. The contract spans up to four years and is valued at over NIS 21 million (about US$7 million), with the first year of service guaranteed at NIS 5 million (about US$1.7 million). The service uses Ituran’s proprietary Big Data platform, analyzing anonymized data from more than one million vehicles, representing roughly one quarter of all vehicles in Israel, to support national transport policy and road‑investment decisions. Management describes this as launching a new recurring revenue stream built on data assets already owned by Ituran and as a key milestone in its Big Data growth initiative alongside IturanMob and its carbon‑credit monetization platform.
Ituran Location and Control Ltd. declared a second-quarter 2026 cash dividend of $0.50 per share, totaling approximately US$10 million. Shareholders of record on September 29, 2026 will receive payment on October 14, 2026.
The dividend will be paid net of 20% tax, a lower rate as it is distributed from “Preferred Income” and/or “Preferred Technological Income” under the Encouragement of Capital Investment Law and an Israel Tax Authority ruling. Retained earnings were US$238.7 million as of June 30, 2026 before this dividend and are expected to be US$228.7 million after.
The Board stated that the distribution meets Israeli law distribution criteria and will not undermine ongoing operations or future plans. As of June 30, 2026, the company reported US$103.7 million in cash, no bank credit, current assets (excluding cash) of US$144.5 million, and current liabilities of US$122.4 million.
Ituran Location and Control reported a strong second quarter of 2026, with record revenue of $104.8 million, up 21% from $86.8 million a year earlier. Subscription-based services remained the core of the business, contributing 76% of revenue, while products contributed 24%.
Subscription revenue rose 25% to $79.8 million as the subscriber base grew to 2,711,000, a net increase of 41,000 in the quarter and 163,000 year-over-year. Gross profit reached $53.4 million (50.9% margin), above last year’s $42.9 million (49.5%). Operating income increased 30% to $23.8 million, and EBITDA climbed 24% to a record $28.5 million.
Net income attributable to the company for the quarter was $17.3 million, up 29% from $13.5 million, with diluted EPS of $0.88 versus $0.68. Operating cash flow was $32.2 million, and net cash including marketable securities stood at $103.7 million with no debt as of June 30, 2026. The board declared a $10 million dividend ($0.50 per share) and the company repurchased $3.0 million of shares under its buyback program, leaving about $10 million authorized.
Ituran Location and Control Ltd. is scheduling the release of its second quarter 2026 results for Wednesday, August 12, 2026, and will host a video conference call via Zoom that day at 9am Eastern Time, 6am Pacific Time and 4pm Israel time to review the results and answer investor questions.
The company describes itself as a leader in mobility technology and connected-car, providing value-added location-based services for stolen vehicle recovery, fleet and asset management, and personal security. It reports a subscriber base of over 2.6 million subscribers and approximately 2,800 employees across customers in over 20 countries.
Ituran Location and Control Ltd. explains updated Israeli withholding tax procedures for its previously declared cash dividend of $0.50 per ordinary share (approximately $10 million). The dividend is payable on July 8, 2026 to shareholders of record on June 24, 2026.
The company obtained a ruling from the Israeli Tax Authority that may allow certain shareholders to benefit from a reduced Israeli withholding tax rate on this dividend, compared with the standard 30% rate for substantial shareholders and 25% for others. To obtain a reduced rate or potential refunds, shareholders must submit all required forms and documentation to the appointed processing agent, IBI Trust Management, no later than August 5, 2026.
Ituran Location and Control Ltd. reported that its board approved a first-quarter 2026 cash dividend of $0.50 per share, totaling about $10 million. Shareholders of record on June 24, 2026 will receive payment on July 8, 2026, with 20% tax withholding under a favorable Israeli tax ruling.
The board reviewed Israeli law distribution tests and concluded the dividend will not harm ongoing operations or future plans. Retained earnings were $231.3 million as of March 31, 2026 and are expected to be $221.3 million after the payout. At that date, Ituran held $108.0 million in cash, had no bank credit, current assets (excluding cash) of $141.0 million, and current liabilities of $131.3 million.
Ituran Location and Control Ltd. reported a strong first quarter of 2026, with revenue rising 19% to $102.7 million. Growth was led by subscription revenue, which increased 21% to $75.4 million and now represents 73% of total revenue, supported by a net addition of 40,000 subscribers to 2.67 million.
Gross profit grew 18% to $49.4 million, while operating income rose to $22.1 million, about 21.5% of revenue. EBITDA reached $26.7 million, up 15%, and net income attributable to the company increased to $16.8 million, or $0.85 per diluted share, versus $0.73 a year earlier.
The business generated $18.2 million in operating cash flow and ended March 31, 2026 with net cash, including marketable securities, of $108.0 million. Reflecting this strength, the board declared a $10 million quarterly dividend and continued its share buyback program, repurchasing $0.5 million of stock with $13.0 million of authorization remaining.