Israel's Ituran Location and Control Q4 revenue rises on subscriber growth

Reuters03-05
Israel's Ituran Location and Control Q4 revenue rises on subscriber growth

Overview

  • Israel mobility tech firm's Q4 revenue rose 13% yr/yr, slightly missing analyst expectations

  • EPS for Q4 was $0.77

  • Ituran expands into U.S. market with IturanMob initiative

Outlook

  • Ituran expects to maintain subscriber-add rate at 160,000-180,000 subscribers in 2026

  • Company anticipates returns from new investments in 2026

Result Drivers

  • SUBSCRIBER GROWTH - Ituran added 42,000 net subscribers in Q4, contributing to record revenue, aided by OEM deal with Stellantis

  • TELEMATICS PRODUCTS - Growth driven by telematics and connected-car products, enhancing customer value and subscriber base

Company press release: ID:nPnc40QRCa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Slight Miss*

$93.5 mln

$94.20 mln (2 Analysts)

Q4 EPS

$0.77

Q4 Net Income

$15.3 mln

Q4 EBITDA

$25.3 mln

Q4 Operating Income

$20.4 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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