Ituran Location and Control Ltd. (ITRN)

ITRN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	328.76	319.98	293.07	270.88	245.63	279.33
Revenue Growth (YoY)	6.49%	9.18%	8.19%	10.28%	-12.07%	10.26%
Cost of Revenue	171.6	166.82	155.51	143.05	129.09	148.81
Gross Profit	157.16	153.16	137.56	127.84	116.54	130.52
Selling, General & Admin	71.54	70.28	62.03	59.38	61.75	67.94
Research & Development	17.75	16.99	16.85	14.1	12.77	13.91
Other Operating Expenses	-0.3	-0.06	-0.09	-0.26	0.03	-0.15
Operating Expenses	88.99	87.21	78.79	73.22	74.54	81.71
Operating Income	68.17	65.96	58.77	54.62	42	48.81
Interest Expense	-1.9	-1.9	-2.58	-2.25	-2.19	-2.61
Interest & Investment Income	1.63	1.65	1	0.54	0.3	0.5
Earnings From Equity Investments	-0.2	-0.71	-0.59	-0.1	-0.84	-3.2
Currency Exchange Gain (Loss)	-1.64	-1.64	-0.54	-0.66	-1.35	-0.49
Other Non Operating Income (Expenses)	0.43	0.43	0.04	-0.89	0.08	3.39
EBT Excluding Unusual Items	66.49	63.79	56.11	51.25	37.99	46.4
Impairment of Goodwill	-	-	-	-	-10.51	-12.29
Gain (Loss) on Sale of Investments	-0.09	-0.09	-3.86	-2.39	4.38	-0.24
Asset Writedown	-	-	-	-	-3.66	-13.86
Pretax Income	66.4	63.7	52.25	48.87	28.2	20
Income Tax Expense	13.34	13.36	12.75	11.85	10.86	12.23
Earnings From Continuing Operations	53.06	50.34	39.5	37.01	17.34	7.77
Minority Interest in Earnings	-2.37	-2.21	-2.4	-2.76	-1.22	-0.88
Net Income	50.7	48.14	37.1	34.26	16.12	6.89
Net Income to Common	50.7	48.14	37.1	34.26	16.12	6.89
Net Income Growth	17.24%	29.74%	8.31%	112.47%	134.04%	-88.65%
Shares Outstanding (Basic)	20	20	20	21	21	21
Shares Outstanding (Diluted)	20	20	20	21	21	21
Shares Change (YoY)	-1.73%	-2.05%	-1.69%	-0.21%	-1.06%	-0.19%
EPS (Basic)	2.55	2.41	1.82	1.65	0.77	0.33
EPS (Diluted)	2.55	2.41	1.82	1.65	0.77	0.33
EPS Growth	19.31%	32.45%	10.17%	114.21%	135.14%	-88.62%
Free Cash Flow	62.39	62.98	18.61	39.16	49.83	41.37
Free Cash Flow Per Share	3.14	3.15	0.91	1.89	2.39	1.97
Dividend Per Share	1.410	0.930	0.560	0.560	0.480	0.960
Dividend Growth	143.10%	66.07%	0%	16.67%	-50.00%	2.13%
Gross Margin	47.80%	47.87%	46.94%	47.19%	47.45%	46.73%
Operating Margin	20.74%	20.61%	20.05%	20.16%	17.10%	17.47%
Profit Margin	15.42%	15.04%	12.66%	12.65%	6.56%	2.47%
Free Cash Flow Margin	18.98%	19.68%	6.35%	14.46%	20.29%	14.81%
EBITDA	89.84	87.02	78.91	72.71	60.83	71.65
EBITDA Margin	27.33%	27.20%	26.92%	26.84%	24.77%	25.65%
D&A For EBITDA	21.67	21.07	20.13	18.1	18.83	22.84
EBIT	68.17	65.96	58.77	54.62	42	48.81
EBIT Margin	20.74%	20.61%	20.05%	20.16%	17.10%	17.47%
Effective Tax Rate	20.09%	20.97%	24.39%	24.26%	38.50%	61.17%
Revenue as Reported	328.76	319.98	293.07	270.88	245.63	279.33
Advertising Expenses	-	7.3	7.3	8	8.1	9.5

Source: S&P Capital IQ. Standard template. Financial Sources.