Ituran Location and Control Reports Strong First Quarter Results

May 28, 2025 — Ituran Location and Control Ltd. (NASDAQ: ITRN), a leading technology company specializing in vehicle tracking and recovery solutions, has announced its financial results for the first quarter of 2025. The company, based in Azor, Israel, surpassed expectations with a record addition of 99,000 net subscribers, reaching a milestone of over 2.5 million subscribers.

Financial Highlights

  • Revenue: The company reported a revenue of $86.5 million, marking a 2% increase compared to the same period last year.
  • Operating Income: Operating income rose by 10% year-over-year to $18.7 million.
  • Net Income: Net income increased by 12% to $14.6 million.
  • EBITDA: Earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 4% to $23.3 million.
  • Earnings Per Share (EPS): The GAAP EPS was $0.73, surpassing expectations by $0.04.

The Board of Directors declared a quarterly dividend of $10 million, equating to $0.50 per share.

Outlook and Strategic Developments

Eyal Sheratzky, Co-CEO of Ituran, expressed optimism about the company’s performance and future prospects. “We are very pleased with our first-quarter results and the continued growth in our subscriber base,” Sheratzky stated. The company has raised its net subscriber-add forecast for 2025 to between 220,000 and 240,000.

In addition to its strong financial performance, Ituran has announced a new service agreement with Stellantis in South America. This multi-year contract covers multiple countries in the region and has the potential for expansion. Eyal Sheratzky highlighted the strategic importance of this partnership, noting, “We are excited to enter this strategic partnership with Stellantis, bringing our advanced stolen vehicle recovery and tracking solutions to their customers across South America.”

Market Reaction

Prior to the earnings release, analysts had projected a quarterly EPS of $0.685, with revenue expectations set at $88.5 million. The actual results exceeded EPS expectations but fell slightly short on the revenue front, with $86.46 million reported.

For the fiscal year, analysts anticipate a per-share profit of $2.88, up from $2.70 in the previous year. Revenue forecasts are set at $358.9 million, compared to $336.3 million in the prior year.

Company Overview

Ituran Location and Control Ltd. is a Nasdaq-listed company with a market capitalization of approximately $731 million as of May 22, 2025. The company specializes in global positioning systems for tracking motor vehicles and recovering stolen cars, as well as developing personal advanced locators. Founded in 2005, Ituran continues to expand its global footprint and enhance its technological offerings.

For more information, visit Ituran’s website .