TAT Technologies records 20.2% Q3 revenue growth to $55.6M
Pontos principais
- TAT Technologies reported third-quarter revenue of $55.6 million, up 20.2% year over year, while net income increased to $7.7 million.
- Gross margin improved to 30.9% from 25.1%, and adjusted EBITDA rose 60.9% to $10.9 million.
- Backlog and long-term agreements reached approximately $577 million, while operating cash flow declined because of inventory investments supporting customer agreements.
TAT Technologies (NASDAQ:TATT) reported third-quarter 2026 revenue of $55.6 million, up 20.2% year over year, as stronger business activity supported higher profitability and earnings.
Net income increased to $7.7 million from $4.8 million, while diluted earnings per share rose to $0.58 from $0.37 and gross margin expanded to 30.9% from 25.1%.
The company reported adjusted EBITDA of $10.9 million, an increase of 60.9% from the corresponding quarter last year, reflecting improved operating performance.
Quarterly operating cash flow declined to $3.8 million from $7.5 million, while TAT attributed the reduction primarily to inventory investments supporting long-term customer agreements, including its expanded agreement with Honeywell.
TAT reported approximately $577 million in backlog and long-term agreements at September 30, 2026, while quarterly operating cash flow fell despite higher earnings.
For the first nine months of 2026, revenue increased 13.8% to $149.6 million and net income reached $19.1 million, including a $3.4 million after-tax gain from the sale of its First Aviation Services investment.
The company provides aerospace components, aircraft maintenance, repair and overhaul services, and thermal management solutions, serving commercial aviation, defence and other aerospace customers.
