Ituran Location And Control ( (ITRN) ) has released its Q1 earnings. Here is a breakdown of the information Ituran Location And Control presented to its investors.
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Ituran Location and Control Ltd. is a leading company in the mobility technology sector, providing location-based services and telematics solutions for connected vehicles, with a strong presence in Latin America and Israel. In the first quarter of 2025, Ituran surpassed a significant milestone by adding 99,000 net subscribers, bringing its total to over 2.5 million. The company reported a 2% increase in revenue to $86.5 million and a 12% rise in net income to $14.6 million, driven by a new agreement with Stellantis, the largest car manufacturer in Latin America. Operating income grew by 10% to $18.7 million, and EBITDA increased by 4% to $23.3 million, reflecting solid financial performance. The company declared a quarterly dividend of $10 million, underscoring its strong cash flow and profitability. Looking ahead, Ituran’s management remains optimistic about continued growth in 2025, with expectations of adding 220,000 to 240,000 net new subscribers, supported by innovative telematics products and expanding services in Latin America.