Ituran Location and Control Ltd. (ITRN)

ITRN Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	325.53	319.98	293.07	270.88	245.63	279.33
Revenue Growth (YoY)	8.34%	9.18%	8.19%	10.28%	-12.07%	10.26%
Cost of Revenue	169.52	166.82	155.51	143.05	129.09	148.81
Gross Profit	156.02	153.16	137.56	127.84	116.54	130.52
Selling, General & Admin	71.71	70.28	62.03	59.38	61.75	67.94
Research & Development	17.37	16.99	16.85	14.1	12.77	13.91
Other Operating Expenses	-0.06	-0.06	-0.09	-0.26	14.2	26.01
Operating Expenses	89.03	87.21	78.79	73.22	88.71	107.86
Operating Income	66.99	65.96	58.77	54.62	27.83	22.65
Interest Expense / Income	1.28	1.55	5.94	5.54	-1.48	-0.58
Other Expense / Income	2.52	2.91	2.98	2.97	2.33	4.11
Pretax Income	63.18	61.49	49.85	46.11	26.98	19.12
Income Tax	13.37	13.36	12.75	11.85	10.86	12.23
Net Income	49.82	48.14	37.1	34.26	16.12	6.89
Net Income Growth	25.39%	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	-1.65%	-2.05%	-1.69%	-0.21%	-1.06%	-0.19%
EPS (Basic)	2.51	2.41	1.82	1.65	0.77	0.33
EPS (Diluted)	2.51	2.41	1.82	1.65	0.77	0.33
EPS Growth	28.72%	32.42%	10.30%	114.29%	133.33%	-88.54%
Free Cash Flow	57.09	63.17	19.66	40.09	50.06	41.59
Free Cash Flow Per Share	2.87	3.16	0.96	1.93	2.40	1.98
Dividend Per Share	0.930	0.680	0.560	0.900	0.240	0.950
Dividend Growth	66.07%	21.43%	-37.78%	275.00%	-74.74%	0%
Gross Margin	47.93%	47.87%	46.94%	47.19%	47.45%	46.73%
Operating Margin	20.58%	20.61%	20.05%	20.16%	11.33%	8.11%
Profit Margin	15.30%	15.04%	12.66%	12.65%	6.56%	2.47%
Free Cash Flow Margin	17.54%	19.74%	6.71%	14.80%	20.38%	14.89%
Effective Tax Rate	21.15%	21.72%	25.57%	25.71%	40.24%	63.98%
EBITDA	85.93	84.11	75.93	69.74	44.33	41.39
EBITDA Margin	26.40%	26.29%	25.91%	25.75%	18.05%	14.82%
Depreciation & Amortization	21.46	21.07	20.13	18.1	18.83	22.84
EBIT	64.47	63.04	55.79	51.65	25.5	18.55
EBIT Margin	19.80%	19.70%	19.04%	19.07%	10.38%	6.64%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).