TAT Technologies(US:TATT)2025-05-20 07:24Company 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]