$36.300
-0.998 (-2.75%)收盤時
TATT 資訊
TATT 事件
TAT Reports Q2 Revenue of $52.9M, Beating Expectations
Reports Q2 revenue $52.9M, consensus $44.86M. "Continued strong demand and solid execution drove nearly 23% revenue growth and continued profitability improvements," said Igal Zamir, TAT's CEO and President. "This performance reflects our strategic position in the market, targeting high-demand services backed by established and solid relationships with OEMs. In part, improving supply chain conditions enabled us to convert previously constrained customer demand into revenue in the quarter, further enhancing results. Demand across our end markets remains robust and customer loyalty remained strong despite the supply chain shortages, driving backlog and long-term agreements to the highest in company history. Although supply chain conditions have not fully normalized, we remain focused on securing the components our customers need, reinforcing our position as a trusted aftermarket partner and supporting long-term profitable growth."
TAT Technologies Expands Relationship with Honeywell Aerospace
TAT Technologies (TATT) announced an expansion of its relationship with Honeywell Aerospace (HONA), under which TAT will become the sole global authorized distributor of spare parts for the 331-200/250 auxiliary power unit platform. As part of this agreement, the company also signed an extension for its MRO licenses for this platform until 2036 and acquired three Honeywell Aerospace 131-9A APUs to expand its trading and leasing business. This agreement positions TAT as the leading global provider of MRO services and aftermarket parts support for the platform.
TAT Technologies Secures $45M MRO Contracts
TAT Technologies announced the award of several new long-term maintenance, repair and overhaul "MRO" agreements with international commercial and cargo airline customers, representing estimated aggregate revenue of approximately $45M over contract terms ranging from 5 to 10 years. The newly awarded agreements include support across auxiliary power unit platforms under TAT's OEM authorization as well as MRO for heat exchangers. The company believes these awards will further reinforce its growing position within the global commercial aviation aftermarket and reflect continued demand for its APUs and thermal components.
TAT CEO Expects Strong Demand in 2026
Igal Zamir, TAT's CEO and President, commented: ""As we look ahead through the rest of 2026, we are confident in the fundamentals of the business. Demand is at an all-time high and our record backlog provides strong revenue expectations. Subject to the anticipated resolution of our recent supply chain disruptions, we expect our growth trajectory will resume in the Q2 and the second half of the year, driven primarily by stronger demand and record backlog. We remain well-positioned to deliver growth and long-term value for our shareholders."
TAT Technologies Q1 Operating Income at $3.0M
Reports Q1 operating income $3.0M vs. $4.2M last yer. Igal Zamir, TAT's CEO and President, commented: "TAT Technologies entered 2026 with a robust operational foundation, and the record customer demand in the first quarter reinforced our confidence in the trajectory we are on. Demand for our services has never been stronger, and the value of our long-term agreements and backlog reached an all-time high, growing to approximately $580M at the end of Q1, reflecting new contract wins and exceptionally strong customer intake across all four of our service lines. As opposed to this strong momentum entering the year, and as previously communicated, we experienced some supply chain disruptions that affected the results of the first quarter. These distruptions were triggered by certain OEM suppliers, leading to delays in finish goods and deliveries. Primarily as a result of these delays, our revenue slightly declined YoY, not fully utilizing our growing backlog. We expect this obstacle to be resolved in the next few months, allowing TAT the continued growth trajectory we started last year."
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