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) 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 ...

Core Insights - TAT Technologies Ltd. reported its ninth consecutive quarter of revenue growth, with a 34% increase in revenue to $152.1 million for the year ended December 31, 2024, compared to $113.8 million in 2023 [2][13] - The company achieved a net income of $11.2 million, representing a 139% increase from $4.7 million in the previous year, and an adjusted EBITDA of $18.6 million, up 67% from $11.1 million [13][25] - TAT's backlog reached a record high of $429 million following new contracts and orders totaling $47 million in the fourth quarter [3] Financial Performance - Revenue for 2024 increased by 34% to $152.1 million from $113.8 million in 2023 [13] - Gross profit rose by 47% to $33 million, representing 21.7% of revenue, compared to $22.5 million or 19.7% of revenue in the prior year [13] - Net income increased by 139% to $11.2 million, or $1.0 per diluted share, compared to $4.7 million, or $0.51 per diluted share, in 2023 [13][17] - Adjusted EBITDA increased by 67% to $18.6 million from $11.1 million in the previous year [13][25] Strategic Initiatives - The company launched a 'Customer First' initiative aimed at enhancing customer service and performance, while also increasing parts and rotatable inventory to mitigate supply chain risks [2] - TAT Technologies expanded its engagement with US and Israeli investors, resulting in a successful $10 million capital raise and a 153% increase in share price [4] Operational Highlights - TAT Technologies operates 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 [7] - The company strategically increased its inventory in response to supply chain challenges, which negatively impacted operational cash flow but is expected to support future revenue growth [2] Market Position - TAT Technologies is positioned as a leading provider of products and services to the commercial and military aerospace and ground defense industries, with a strong focus on operational efficiency and cost structure improvements [4][7]

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR Date of event requiring this shell company report .......................... FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 Commission file number: 0-16050 TAT TECHNOLOGIES LTD. (Exact name of Registrant as specified in its charter and translat ...

Core Viewpoint - TAT Technologies Ltd. is set to release its fourth quarter and full year 2024 financial results on March 26, 2025, followed by a webcast for investors on March 27, 2025, to discuss these results and provide a business update [1][2]. Company Overview - TAT Technologies Ltd. is a prominent supplier of products and services for the commercial and military aviation industries, as well as ground defense industries [3]. - The company operates under four segments: Original Equipment Manufacturing (OEM) of heat transfer solutions and aviation accessories, MRO services for heat transfer components, MRO services for aviation components, and overhaul and coating of jet engine components [3]. OEM Activities - TAT's OEM activities focus on designing, developing, and manufacturing a wide range of heat transfer solutions, including pre-coolers, heat exchangers, and hydraulic heat exchangers for various aircraft systems [4]. - The company also provides environmental control and power electronics cooling systems for aircraft and ground applications, along with various mechanical aircraft accessories [4]. MRO Services - TAT's MRO services for heat transfer components are primarily conducted through its Limco subsidiary, which operates an FAA-certified repair station, serving airlines, air cargo carriers, maintenance service centers, and military clients [5]. - The Piedmont subsidiary offers MRO services for aviation components, including APUs and landing gears, also operating an FAA-certified repair station [6]. Overhaul and Coating Services - TAT's overhaul and coating services for jet engine components include the refurbishment of turbine vanes, blades, fan blades, variable inlet guide vanes, and afterburner flaps [7].

Group 1 - TAT Technologies (NASDAQ: TATT) has shown a stock price return of 123%, significantly outperforming the broader market [1] - The Aerospace Forum aims to identify investment opportunities in the aerospace, defense, and airline sectors, leveraging data analytics for informed analysis [1] - The analyst has maintained a positive outlook on TATT stock since coverage began in April of this year [1] Group 2 - The investing group provides direct access to data analytics monitors, enhancing the investment research process [1]

Core Insights - TAT Technologies Ltd. has signed a five-year agreement with a major North American cargo carrier to provide repair and overhaul services for auxiliary power units (APUs) on Boeing 757 and 767 aircraft, with a total contract value of approximately $17 million [1][2][3] Company Overview - TAT Technologies Ltd. is a leading supplier of products and services for the commercial and military aviation 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 [3][4][5][6][7] MRO Services - The MRO services provided by TAT include repair and maintenance of APUs, landing gears, and other aircraft components, with FAA-certified repair stations operated by its subsidiaries Limco and Piedmont [5][6] - TAT's Limco subsidiary focuses on MRO of heat transfer components, while Piedmont specializes in MRO services for various aviation components [5][6] Market Position - The new contract signifies TAT's leadership in the APU cargo carrier market and enhances its existing MRO agreements with major cargo carriers in North America [2][3]

Financial Data and Key Metrics Changes - Revenue for Q3 2024 increased to $40.5 million, a 35% increase compared to $29.9 million in Q3 2023 [23] - Net income rose by 33% from $2.2 million to $2.9 million in the same period [23] - EBITDA increased by 70%, from 10.1% of revenue to 12.6% in Q3 2024 [23] - Gross margin improved to 21% from 19.4%, and operating margin increased from 5.9% to 8.5% [23] Business Line Data and Key Metrics Changes - Heat exchange activity revenue rose from $12.9 million to $16.6 million, a 33% increase year-over-year [27] - APU activity increased from $8.2 million to $10.5 million, a 27% increase [27] - Trading and leasing revenue surged from $1.9 million to $5.7 million, attributed to opportunistic deals [27] - Landing gear segment faced challenges due to supply chain issues, impacting revenue growth [28] Market Data and Key Metrics Changes - North America contributed 75% of total revenue, with Europe at 11% [31] - The company is experiencing significant demand in both OEM and MRO sectors, particularly from non-contractual customers [12][13] - The backlog at the end of Q3 2024 stood at $423 million, with 52% from heat exchange and 26% from APU segments [30] Company Strategy and Development Direction - The company aims to improve profitability alongside revenue growth, targeting a gross margin above 25% and EBITDA above 15% [36][41] - Strategic focus on key areas such as heat exchangers, APUs, and landing gear, avoiding commodity markets [59] - The company is investing in infrastructure and human capital to support future growth [42] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing a larger opportunity funnel than ever before [14][20] - Supply chain challenges are acknowledged, with expectations for stabilization by the end of next year [13][15] - Seasonal trends in MRO demand were discussed, with expectations for a flat fourth quarter due to typical industry patterns [16][51] Other Important Information - The company has undergone significant transformation during COVID, investing in new strategies and organizational structures [20] - The company is actively working to expand its presence in the U.S. market and attract North American investors [55][57] Q&A Session Summary Question: Does the gross margin have further upside potential? - Management aims for a gross margin above 25%, viewing it as a threshold to meet [36] Question: When should we expect 131 sales to start ramping up? - The company is currently focusing on one-off deals to build operational efficiencies before pursuing larger contracts [37][39] Question: Can you share some longer-term EBITDA margin targets? - The goal is to achieve an EBITDA margin above 15% as the company scales [41] Question: Can you elaborate on the backlog and its significance? - The backlog consists of OEM contracts and MRO contracts, with actual purchase orders expected to replace forecasts as they are secured [63][64]

| --- | --- | --- | --- | |-------|-------|-------------------------------|-------| | | | | | | | | P R E S ENTAT Q3 2024 | ION | | | | | | | | | | | FORWARD-LOOKING STATEMENTS This presentation may contain certain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Generally, the words "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," variations of such words and ...

Core Insights - TAT Technologies Ltd. reported its eighth consecutive quarter of revenue growth, with significant increases in both revenues and profitability for Q3 2024 compared to Q3 2023 [1][7]. Financial Performance - Revenues for Q3 2024 increased by 35.2% to $40.5 million from $29.9 million in Q3 2023. Year-to-date revenues rose by 36% to $111.1 million compared to $82.0 million for the same period last year [2]. - Gross profit for Q3 2024 was $8.5 million, a 45.9% increase from $5.8 million in Q3 2023, representing 21% of revenues compared to 19.4% in the prior year. Year-to-date gross profit increased by 51.8% to $23.5 million [3]. - Net income for Q3 2024 rose by 33% to $2.9 million, or $0.26 per diluted share, compared to $2.2 million, or $0.24 per diluted share, in Q3 2023. For the nine-month period, net income increased by 77% to $7.6 million [4]. - Adjusted EBITDA for Q3 2024 increased by 70% to $5.1 million compared to $3.0 million in Q3 2023, with a similar increase for the nine-month period [5]. Cash Flow and Capital Raising - Cash flow from operations in Q3 2024 was positive at $2.8 million, a turnaround from negative cash flow of ($3.7) million in Q3 2023. However, for the nine-month period, cash flow from operations was negative ($4.9) million compared to positive $0.5 million in the same period last year [6]. - The company raised $9.9 million in shares from the capital markets during Q3 2024 [7]. Business Outlook - The CEO of TAT Technologies indicated that the company is experiencing record revenue and profitability, with a backlog of orders and long-term agreements totaling $423 million. The company is preparing for challenges in the supply of parts for APUs and landing gears by increasing parts inventory [7].