Financial Performance - TAT Technologies reported record revenue of $178 million for the full year of 2025, marking a 17.0% increase compared to $152.1 million in 2024 [3][6] - Fourth-quarter revenue increased by 13.4% to $46.5 million from $41.0 million in the same quarter of 2024 [6] - Adjusted EBITDA for the fourth quarter rose by 24.0% to $6.9 million, representing 14.8% of revenues, compared to $5.5 million (13.5% of revenues) in Q4 2024 [6][43] - Net income for the fourth quarter increased by 32.2% to $4.7 million, up from $3.6 million in Q4 2024 [6][21] - Operating income for the fourth quarter grew by 20.2% to $4.9 million (10.6% of revenues) compared to $4.1 million (10.0% of revenues) in Q4 2024 [6] Growth and Strategy - The company achieved organic growth of over 13% in the fourth quarter, outperforming broader industry growth rates [4] - TAT ended 2025 with a backlog and long-term agreements valued at approximately $550 million, up from $429 million at the start of the year, indicating strong revenue visibility [4] - The company remains focused on executing its strategy, expanding capabilities, and pursuing M&A opportunities in thermal management and power systems [4] Cash Flow and Assets - Cash flow from operating activities for the full year was $15.0 million, a significant improvement from cash used in operating activities of $(5.8) million in 2024 [6] - Total current assets increased to $166.3 million in 2025 from $113.2 million in 2024, driven by higher cash and inventory levels [14][16] Shareholder Information - The company reported a total shareholders' equity of $176.4 million as of December 31, 2025, compared to $112.0 million in 2024 [17] - Basic earnings per share for the full year of 2025 was $1.39, up from $1.08 in 2024 [22]