TAT Technologies Ltd. (NASDAQ:TATT)

TAT Technologies Ltd. (NASDAQ:TATT) ($34.82; $380.9M market cap) announced Q1 2025 results:

• Q1 2025 sales of $42.1 million vs. $34.1 million in the prior year
• Q1 2025 EPS of $0.34 vs. $0.19 in the prior year
• Gross margin expanded 290 bps to 23.6%
• Secured over $52 million in new orders and LTAs
• Total backlog reached $439 million

"Driven by strong execution and robust market demand, TAT Technologies continues to demonstrate its earnings power. During the first quarter, we delivered revenue growth of 23.6% and an increase of 56.2% in adjusted EBITDA, compared to the same period in 2024, expanding our bottom line even more rapidly than our top line. TAT has developed a multi-year track record of consistent profitability, delivering double-digit year-over-year growth for the last three years, while expanding profit margins."

"Our strategic growth initiatives, implemented over the past few years, have significantly expanded our addressable market and diversified our revenue streams," continued Mr. Zamir. "Despite industry wide supply chain challenges, our 'Customer First' initiative, which includes bolstering parts and rotatable inventory in key areas, enabled us to achieve our financial goals, fulfill customer demand, and strengthen our market position. While we expanded inventory levels and utilized additional cash, these strategic investments enhance our resilience and position us to capture market share in a dynamic supply environment."

"In the first quarter, we secured over $52 million in new orders and long-term agreements, bringing our total backlog to $439 million. This provides us with strong visibility and confidence in our continued growth and profitability. While broader market dynamics may influence near-term order flow, the demand for our expertise and capacity remains robust, positioning us well to further expand our backlog throughout the year."

"To mitigate the evolving trade policy landscape, we're closely monitoring recent tariff changes and taking measured steps to minimize any impact on our operations. Our teams are in active, solution-focused discussions with key suppliers to ensure material flow remains uninterrupted and cost increases are controlled. At the same time, we're working closely with our customers to align expectations, adjust planning as needed, and maintain the high service levels they rely on."

TAT Technologies Ltd. provides manufacturing, maintenance, repair, and overhaul services for heat transfer systems, aviation components, and jet engine parts, serving commercial and military aerospace and ground defense industries.

TAT Technologies Ltd. (NASDAQ:TATT) ($20.80; $234.8M market cap) announced Q4 and full year 2024 results:

• Q4 sales of $41.0 million vs $31.7 million in the prior year
• Q4 EPS of $0.31 vs EPS $0.04 in the prior year
• Full year sales of $152.1 million vs $113.8 million in the prior year
• Full year EPS of $1.00 vs 0.51 in the prior year

 "TAT Technologies continues to deliver solid execution, marking our ninth consecutive quarter of revenue growth and improved profitability. This positive momentum reflects the early impact of the strategic growth engines introduced over the past years, which we believe will continue to drive our results in the years ahead...

...Also in the fourth quarter, TAT won contracts and new orders totaling $47 million, increasing our backlog to a record high of $429 million, and validating our continued confidence in the company's growth trajectory...

...In 2024, we expanded our engagement with the US and Israeli investors community, which contributed to a successful $10 million overnight capital raise and a 153% increase in our share price. We remain optimistic about the outlook for 2025. In addition to pursuing continued revenue growth, we are advancing several initiatives to improve our operational efficiency and our cost structure, which we expect to begin delivering results during 2025". 

TAT Technologies LTD is a leading provider of services and products to the commercial and military aerospace and ground defense industries

TAT Technologies Ltd. (NASDAQ:TATT) ($17.46; $177.2M market cap) announced a private placement with accredited investors. The company will issue 673,340 shares at a price of $15.03 per share, which represents roughly 6.2% dilution. 

This comes on the heels of yet another strong earrings report which propelled the stock to new 52 week highs. This is the second private placement in the past 9 months. The company did a similarly sized offering in December 2023, also on the heels of a strong report. That offering was at $8.69. 

TATT is a leading provider of products and services to the commercial and military aerospace and ground defense industries.

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TAT Technologies Ltd. (NASDAQ:TATT) ($13.53; $136.7M market cap) announced Q1 2024 results:

• Q1 sales of $34.1 million vs $25.2 million in the prior year
• EPS of $0.19 vs EPS $0.07 in the prior year

“As we grow our business and further scale our capacity to meet near-term demand, we are prioritizing operational efficiency to reduce backorders, better navigate industry wide supply chain dynamics, improve customer satisfaction and maximize our profitability.

During the first quarter we secured orders and long-term agreements at a value of over $40 million, increasing our backlog and LTA Value of over $410 million. This strength will drive continued momentum in our business and support our revenue growth plan for the rest of 2024 and for years to come."

In Q4 we stated that we anticipate that over the next few quarters, we will begin to see accelerated growth in revenue and income as the company begins executing on long-term contracts it secured over the last several months. This Q1 report was in line with our  expectations, and we feel the momentum in growth will continue. 

TAT Technologies Ltd. (NASDAQ:TATT) ($8.44; $75.2M market cap) a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported strong Q2 2023 results on Wednesday. We wanted to highlight due to strong comments for second half of the year:

• Sales of $26.8 million vs $20.8 million in the prior year
• EPS of $0.15 vs a loss of $0.01 in the prior year

We are excited with the results of the second quarter and the first six month of 2023. TAT continues to improve its revenues, gross margins and profitability. We are enjoying an increase in OEM purchase orders and MRO intake, and with a combination of a positive recovery trend in supply chain and materials availability, both OEM and MRO segments are improving. We continue to grow our APU line of business, a direct result of the Company's growth strategy, and our operations are focused on increasing capacity and improving efficiency to meet our customers' growing demand and expectations across all business segments.

Mr. Zamir continued: "We are very optimistic with the expected results for the second half of the year as we see a strong order backlog. We are prepared to implement the second wave of our landing gear contracts with 2 of our strategic customers, which will yield additional revenues towards 2024. Also, we completed our operational preparations to enable us to bid for RFPs to support both the APU 331-500 and APU 131 product lines serving a worldwide fleet of over 17,000 aircrafts."

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First Quarter Results:

• TAT announced revenues of $21.4 million and a net income of $1.5 million for the three months ended March 31, 2011, compared to revenues of $18.4 million with net income of $0.7 million for the three months ended March 31, 2010 an increase of 17% in revenues and of 103% in net profit

"The first quarter of year 2011 was a successful period for TAT during which we increased our revenues and improved our margins, compared to the same period in 2010. This improvement is attributable to the efforts we made during year 2010 in expanding our marketing and sales activities as well as in working rigorously to improve our production flow and yields. We continue to focus on our core capabilities while expanding our business offerings worldwide.