TAT Technologies Ltd
NASDAQ:TATT
TAT Technologies Ltd
TAT Technologies Ltd. provides a variety of services and products to the commercial and military aerospace and ground defense industries. The company operates in four segments: original equipment manufacturing (OEM) of heat transfer products and aviation accessories components, which it operates through its Gedera facility; heat transfer services and products, which it operates through its Limco subsidiary; maintenance, repair and overhaul (MRO) services for aviation components, especially in the area of landing gear and auxiliary power unitsmaintenance, repair and overhaul (MRO) services for aviation components, which it operates through its Piedmont Aviation Component Services LLC (Piedmont) subsidiary, and overhaul and coating of jet engine components, which it operates through its subsidiary, Turbochrome Ltd.
TAT Technologies Ltd. provides a variety of services and products to the commercial and military aerospace and ground defense industries. The company operates in four segments: original equipment manufacturing (OEM) of heat transfer products and aviation accessories components, which it operates through its Gedera facility; heat transfer services and products, which it operates through its Limco subsidiary; maintenance, repair and overhaul (MRO) services for aviation components, especially in the area of landing gear and auxiliary power unitsmaintenance, repair and overhaul (MRO) services for aviation components, which it operates through its Piedmont Aviation Component Services LLC (Piedmont) subsidiary, and overhaul and coating of jet engine components, which it operates through its subsidiary, Turbochrome Ltd.
Revenue Growth: TAT delivered double-digit revenue growth in Q3, with revenue rising 14% year-over-year to $46.2 million.
Record Margins: Adjusted EBITDA margin reached a record 14.6%, up from 12.4% last year, reflecting improved operational efficiency.
Strong Cash Generation: Cash flow from operations was $7.5 million for the quarter, driven by profitability and working capital improvements.
Backlog & Pipeline: Backlog remains robust at $520 million, up $100 million year-to-date, supporting confidence in future growth.
Business Diversification: Growth was broad-based, with notable strength in landing gear and APU business lines.
Optimistic Outlook: Management remains positive about 2026, citing a strong opportunity pipeline and ongoing efficiency gains.
M&A Focus: The company is actively looking for inorganic growth and has added experienced corporate development executives to pursue strategic acquisitions.
Balance Sheet Strength: Ended the quarter with $47.1 million in cash, low debt, and an equity-to-asset ratio of 76%.
