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) 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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