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TAT Technologies Announces Pricing of Public Offering of Ordinary Shares and Secondary Offering by Selling Shareholders
Prnewswire· 2025-05-30 01:15
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].
TAT Technologies Announces Launch of Public Offering of Ordinary Shares and Secondary Offering by Selling Shareholders
Prnewswire· 2025-05-28 21:17
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 ...
TAT Technologies Expands MRO Partnership with Leading International Cargo Carrier; APU maintenance for Boeing 737, 757, 767, and Airbus A300 fleets
Prnewswire· 2025-05-21 22:36
TAT Technologies Expands MRO Partnership with Leading International Cargo Carrier; 5-Year Contract Valued at $40-55 MillionAgreement expands APU maintenance support for Boeing 737, 757, 767, and Airbus A300 fleets and adds support for Boeing 777 fleetsNETANYA, Israel, May 21, 2025 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT), (TASE: TAT Tech), a leading provider of innovative products and services for the commercial and defense aviation markets, announced today the signing of a five-year maintenance ...
TAT Technologies(TATT) - 2025 Q1 - Earnings Call Transcript
2025-05-20 13:32
TAT Technologies (TATT) Q1 2025 Earnings Call May 20, 2025 08:30 AM ET Company Participants Eran Yunger - Group Director - IR & ESGIgal Zamir - CEO & PresidentEhud Ben-Yair - Chief Financial Officer Eran Yunger 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 look ...
TAT Technologies(TATT) - 2025 Q1 - Earnings Call Transcript
2025-05-20 13:30
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 ...
TAT Technologies(TATT) - 2025 Q1 - Earnings Call Presentation
2025-05-20 07:24
MAY 2025 1 INVESTOR PRESENTATION - MAY 2025 DISCLAIMER TAT Technologies Ltd. (together with its subsidiaries, the "Company", "we", "our" or "us") has filed a registration statement (including a preliminary prospectus) with the U.S. Securities and Exchange Commission (the "SEC") for the offering to which this presentation relates. The registration statement has not yet become effective. The securities proposed to be offered pursuant to such registration statement may not be sold, nor may offers to buy be acc ...
TAT Technologies Reports First Quarter 2025 Results
Prnewswire· 2025-05-19 22:16
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 Technologies to Announce First Quarter Financial Results on May 19 and Host Earnings Webcast on May 20
Prnewswire· 2025-05-15 12:00
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 ...
TAT Technologies: I Remain Extremely Bullish
Seeking Alpha· 2025-03-29 11:58
Group 1 - The article discusses TAT Technologies (TATT) and its stock performance, noting a price increase of 2.6% since a strong buy rating was issued in December, with the stock approaching the 2025 price target before a recent decline [1] - The Aerospace Forum, led by an analyst with a background in aerospace engineering, aims to identify investment opportunities in the aerospace, defense, and airline sectors, emphasizing the industry's significant growth prospects [1] - The investing group provides access to data analytics monitors, enhancing the analysis of developments in the aerospace and defense industry [1] Group 2 - The article does not provide any specific financial metrics or detailed performance data for TAT Technologies beyond the stock price change [2]
TAT Technologies(TATT) - 2024 Q4 - Earnings Call Transcript
2025-03-28 01:42
TAT Technologies (TATT) Q4 2024 Earnings Call March 27, 2025 09:42 PM ET Company Participants Matt Chesler - PartnerIgal Zamir - CEO & PresidentEhud Ben-Yair - Chief Financial Officer Conference Call Participants Josh Sullivan - Managing Director & Equity Research AnalystNone - Analyst Matt Chesler Good day, ladies and gentlemen. Thank you for standing by. Welcome to TAT Technologies, fourth quarter two thousand and twenty four earnings conference call. Please note that today's conference call may be record ...