CHARLOTTE, N.C. and NETANYA, Israel, July 28, 2025 /PRNewswire/ -- TAT Technologies Ltd. (Nasdaq: TATT) (TASE: TATT), a leading supplier of products and services for the commercial and military aviation industries and the ground defense industries, today announced the signing of a new $10 million contract with a leading Israeli defense integrator for the supply of OEM (Original Equipment Manufacturer) components.This latest agreement brings the cumulative expected revenues from contracts secured with defens ...

NETANYA, Israel, June 26, 2025 /PRNewswire/ -- TAT Technologies Ltd. (Nasdaq: TATT) (TASE: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, announced today that, in connection with its previously announced underwritten public offering of 4,150,000 ordinary shares (consisting of 1,625,000 ordinary shares sold and issued by TAT and 2,525,000 ordinary shares sold by FIMI Opportunity V, L.P. and FIMI Israel Opport ...

Core Viewpoint - TAT Technologies Ltd. announced a public offering of 4,150,000 ordinary shares priced at $26.00 per share, aiming to raise approximately $42.3 million for general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 1,625,000 shares sold by TAT and 2,525,000 shares sold by selling shareholders [1]. - The underwriters have an option to purchase an additional 242,298 shares from TAT and 380,202 shares from the selling shareholders [1]. - The expected closing date for the offering is around June 3, 2025, subject to customary closing conditions [1]. Group 2: Financial Implications - TAT will receive gross proceeds of $42.3 million from the offering, excluding underwriting discounts and commissions [2]. - The proceeds will be utilized for general corporate purposes, including working capital and capital expenditures [2]. Group 3: Company Overview - TAT Technologies Ltd. provides products and services to the aerospace and defense industries, operating four units: OEM of heat transfer solutions, MRO services for heat transfer components, MRO services for aviation components, and overhaul of jet engine components [6].

NETANYA, Israel, May 28, 2025 /PRNewswire/ -- TAT Technologies Ltd. (Nasdaq: TATT) (TASE: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, announced today that it has commenced an underwritten public offering of ordinary shares. 1,625,000 ordinary shares are being offered by TAT and 2,525,000 ordinary shares are being offered by FIMI Opportunity V, L.P. and FIMI Israel Opportunity Five, Limited Partnership (th ...

Core Insights - TAT Technologies Ltd. has signed a five-year maintenance, repair, and overhaul (MRO) agreement with a leading international cargo carrier, valued between $40 million to $55 million [1][2][3] - The agreement expands APU maintenance support to include Boeing 737, 757, 767, and Airbus A300 fleets, and adds support for Boeing 777 fleets [1][2] - This contract extension reflects TAT's growing leadership in the APU MRO market and its commitment to providing superior service solutions [2][3] Company Overview - TAT Technologies Ltd. is a provider of services and products to the commercial and military aerospace and ground defense industries, operating under four segments: OEM of heat transfer solutions, MRO services for heat transfer components, MRO services for aviation components, and overhaul and coating of jet engine components [4][5][6][7][8] - The company operates subsidiaries such as Limco for heat transfer MRO services and Piedmont for aviation component MRO services, both of which are FAA-certified [6][7] Strategic Importance - The contract signifies a deepening relationship with an important international cargo customer and validates TAT's Customer First initiative and Customer Partnership strategy [3] - The expansion of services under this agreement is seen as a testament to TAT's brand strength and proven capabilities in the APU MRO business [3]

Financial Data and Key Metrics Changes - First quarter revenue increased by 23.6% to $42.1 million, up from $34.1 million in the same period last year [5][16] - Gross profit rose from $7.1 million to $10 million, a 41% increase, with gross margin expanding by 290 basis points to 23.6% [8][17] - Adjusted EBITDA increased by 56.2% to $5.7 million, translating to an adjusted EBITDA margin of 13.6%, up from 10.8% [9][18] - Operating profit increased by 89% to $4.2 million, with operating margin at 9.9% compared to 6.5% in the previous period [17] Business Line Data and Key Metrics Changes - Heat exchange product line revenue increased by 30% to $18.4 million [20] - APU segment revenue rose by 34% to $12.3 million [20] - Trading and leasing revenue decreased by 27% to $2.1 million due to postponed deals [20][21] - Lending gear revenue increased by 127% to $3.3 million [20] Market Data and Key Metrics Changes - Backlog and long-term agreements rose to $439 million, providing strong visibility for future growth [9][23] - The company secured backlog and orders worth $52 million in the quarter [23] Company Strategy and Development Direction - The company is focused on growing its MRO and OEM business as well as its trading division, providing agility and operational flexibility [13] - The expansion of APU capabilities is expected to grow the addressable market significantly [11][24] - The company is strategically increasing inventory levels to meet demand despite ongoing supply chain issues [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term growth despite short-term volatility due to macroeconomic factors [10][14] - The aviation sector is facing macroeconomic headwinds, but the company believes its backlog and long-term agreements will support growth [10] - Management highlighted the importance of operational efficiencies in improving margins, aiming for a gross margin of at least 25% and an EBITDA margin of 15% in the future [36] Other Important Information - The company is well-positioned to double its capacity from a technology and equipment standpoint, although supply chain remains a bottleneck [43] - Tax expenses are currently non-cash items, with expectations to become cash expenses by Q4 2025 [19][45] Q&A Session Summary Question: Can you explore the incremental backlog this quarter? - Management indicated that the increase was driven by a combination of existing and new customers across various business lines [34] Question: How much of the margin improvement is due to pricing versus operational actions? - Management clarified that the margin improvement is primarily due to operational efficiencies rather than pricing changes [36] Question: What is the current state of the supply chain? - Management noted that the supply chain situation is evolving, with a positive overall trend but still facing volatility [38] Question: What are the opportunities for growth within the government and defense market? - Management acknowledged the presence of opportunities but indicated that immediate growth is not expected due to the nature of government procurement processes [46] Question: What is the outlook for APU revenue opportunities with major logistics customers? - Management confirmed strong relationships with existing customers and expressed confidence in securing more business as contracts come up for renewal [50] Question: When do you expect the redomicile process to be completed? - Management stated that operationally, the company functions as a US entity, despite the registration status [60]

TAT Technologies (TATT) Q1 2025 Earnings Call May 20, 2025 08:30 AM ET Speaker0 Firm supporting Iran Younger, TAT's internal head of investor relations. Hosting today's call is Ygal Zamir, our President and CEO and Ehud Benyere, our CFO. Before getting started, we'd like to draw your attention to the fact that certain matters discussed on this call today may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other provisions of the federal secur ...

Company Overview & Strategy - TAT Technologies offers key strategic product & service offerings including thermal solutions, landing gear MRO, and APU services[13] - The company has a substantial backlog of $439 million as of Q1-2025, indicating strong future demand[22] - TAT Technologies is experiencing high growth rates and is on an upward trend[22] Financial Performance - TAT Technologies reported Q1-2025 revenue of $42.1 million, a 24% increase compared to $34.1 million in Q1-2024[83] - Gross profit for Q1-2025 was $10.0 million, a 41% increase from $7.1 million in Q1-2024, with a gross margin of 23.6%[83] - Adjusted EBITDA for Q1-2025 was $5.7 million, a 56% increase from $3.7 million in Q1-2024, with an Adjusted EBITDA Margin of 13.6%[83] - Net profit for Q1-2025 was $3.8 million, an 81% increase from $2.1 million in Q1-2024, with EPS (diluted) at $0.34[83] Growth Drivers - APU services are expected to drive growth by entering a +$2 billion market through new OEM certifications[33] - Landing Gear MRO cycle is entering major MRO cycles with two key strategic agreements in place[33] - Thermal Solutions OEM is driven by demand for newly built aircraft, fleet conversions, and future EVTOL aviation[34]

Core Insights - TAT Technologies Ltd. reported a revenue growth of 23.6% and a net profit increase of 80.7% for Q1 2025 compared to the same period in 2024, demonstrating strong financial performance and market demand [1][3][11]. Financial Performance - Revenue for Q1 2025 reached $42.1 million, up from $34.1 million in Q1 2024 [11]. - Net income increased to $3.8 million in Q1 2025, compared to $2.1 million in Q1 2024 [11]. - Adjusted EBITDA rose by 56.2% to $5.7 million, representing 13.6% of revenue, compared to $3.7 million or 10.8% of revenue in Q1 2024 [11][14]. - Operating income saw an increase of 89.0% to $4.2 million, which is 9.9% of revenue, compared to $2.2 million or 6.5% of revenue in Q1 2024 [11][14]. Strategic Initiatives - The company secured over $52 million in new orders and long-term agreements, increasing its total backlog to $439 million, which provides strong visibility for future growth [3][11]. - TAT Technologies has implemented strategic growth initiatives that have expanded its addressable market and diversified revenue streams, despite facing supply chain challenges [3][11]. Market Position and Operations - TAT operates in the commercial and military aerospace and ground defense industries, providing a range of products and services [1][6]. - The company has a multi-year track record of consistent profitability, achieving double-digit year-over-year growth for the last three years while expanding profit margins [3][11]. Cash Flow and Financial Health - Cash flow from operating activities was negative at $4.9 million in Q1 2025, compared to negative $3.5 million in Q1 2024 [11][16]. - Total assets increased to $170.9 million as of March 31, 2025, compared to $163.4 million at the end of 2024 [13].

TAT's activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT's Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military. TAT's activities in the area of overhaul and coating of jet engine components include the overhaul and coating of jet engine components, including turbine vanes and blades, fan b ...