Welcome to our dedicated page for Tat Techn news (Ticker: TATT), a resource for investors and traders seeking the latest updates and insights on Tat Techn stock.
TAT Technologies Ltd (TATT), a pioneer in aerospace thermal management solutions since 1969, maintains this dedicated news hub for investors and industry professionals. Track all official press releases, financial disclosures, and operational updates from this leading provider of aircraft cooling systems and MRO services.
Our curated collection simplifies monitoring of earnings announcements, defense contract awards, and new product developments across TATT's core segments: OEM manufacturing, component repair services, and jet engine maintenance. Bookmark this page for real-time access to strategic partnerships, regulatory filings, and leadership updates impacting commercial/military aviation markets.
Discover how TATT's innovations in heat exchangers and vapor-cycle systems address evolving aerospace challenges. Stay informed about maintenance service expansions and technological advancements through verified sources, organized chronologically for efficient research.
TAT Technologies (NASDAQ: TATT) announced a private placement of 673,340 Ordinary Shares to Israeli institutional and accredited investors at NIS 54.95 per share (approx. $15.03). This will represent about 6.2% of outstanding shares post-transaction. The company expects to receive net proceeds of approximately NIS 36.5 million ($10.0 million) for general corporate purposes.
Additionally, FIMI Funds, TAT's largest shareholder, will sell 2,349,706 Ordinary Shares to Israeli investors at the same price, totaling NIS 129.1 million ($35.3 million). After both transactions, FIMI Funds will own about 26.8% of TAT's outstanding shares. The private placement is expected to close in September 2024, subject to customary conditions.
TAT Technologies (NASDAQ: TATT), a key provider of products and services for aviation and ground defense industries, has announced its participation in the Lake Street Capital Markets 8th Annual Best Ideas Growth Conference on September 12, 2024 in New York City. The company's management will engage in one-on-one meetings with institutional investors, presenting TAT's growth strategy, recent market expansion, industry certifications, and potential for continued operating leverage.
Investors interested in scheduling meetings with TAT Technologies can contact their Lake Street representative or email tatt@fnkir.com. This conference provides an opportunity for TAT to showcase its position in the commercial and military aviation sectors to potential investors.
TAT Technologies (NASDAQ: TATT) reported strong financial results for Q2 2024, with revenue growing 36.2% to $36.5 million and net income increasing 78% to $2.6 million. The company's performance marks its 7th consecutive quarter of expanding revenues and profits. Key highlights include:
- Gross profit up 47.1% to $8.0 million (21.9% of revenues)
- Operating income rose 78.5% to $2.7 million (7.5% of revenues)
- Adjusted EBITDA increased 69.4% to $4.3 million (11.9% of revenues)
TAT secured orders of over $40 million in Q2, resulting in a record backlog and LTA Value exceeding $414 million. The company also began servicing APUs for newly certified 131 and 331-500 engines, tapping into a market with nearly 20,000 aircraft and an annual potential of about $2 billion.
TAT Technologies (NASDAQ: TATT) reported unaudited Q1 2024 results, showcasing significant growth. Revenues surged by 35.3% to $34.1 million, up from $25.2 million in Q1 2023. Gross profit increased by 65.1% to $7.1 million, and gross margin improved to 20.7%. Adjusted EBITDA grew by 76.8% to $3.7 million, while operating income soared by 133% to $2.2 million. Net income saw a remarkable increase of 221% to $2.1 million. However, cash flow from operating activities was negative $3.5 million, contrasting with a positive $1.7 million in Q1 2023.
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