--- title: "TAT Technologies Reports Record Second Quarter 2026 Results | TATT Stock News" type: "News" locale: "en" url: "https://longbridge.com/en/news/294957536.md" description: "TAT Technologies reported record Q2 2026 results, with revenue increasing 22.8% to $52.9 million and net income rising to $8.1 million. Backlog reached a record $615 million, driven by strong demand and easing supply chain conditions. The company also expanded its strategic partnership with Honeywell Aerospace, becoming the sole authorized distributor for specific APU spare parts." datetime: "2026-08-05T03:15:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294957536.md) - [en](https://longbridge.com/en/news/294957536.md) - [zh-HK](https://longbridge.com/zh-HK/news/294957536.md) generator: "portal-rs" --- # TAT Technologies Reports Record Second Quarter 2026 Results | TATT Stock News *Revenue Increases 22.8% as Demand Remains Strong and Supply Chain Conditions Ease; Backlog and Long-Term Agreements Reach Record $615 Million* , /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aerospace and ground defense industries, today reported financial results for the second quarter ended June 30, 2026. **Financial highlights:** - **Revenues** were $52.9 million, a 22.8% increase compared to $43.1 million in the second quarter of 2025. For the first half of 2026, revenues increased by 10.4% to $94.1 million compared to $85.2 million in the first half of 2025. - **Gross profit** increased by 23.0% to $13.3 million, representing 25.2% of revenues, compared to $10.8 million (25.1% of revenues) in the second quarter of 2025. For the first half of 2026, gross profit increased by 12.4% to $23.4 million compared to $20.8 million in the first half of 2025 (24.8% of revenues in the first half of 2026 compared to 24.4% of revenues in the first half of 2025). - **Operating Income** increased by 26.8% to $5.6 million (10.6% of revenues) compared to $4.4 million (10.3% of revenues) for Q2 2025. For the first half of 2026, operating income was $8.6 million (9.1% of revenues) compared to $8.6 million (10.1% of revenues) in the first half of 2025 - **Net Income** of $8.1 million (Diluted EPS of $0.61) compared to $3.4 million for Q2 2025 (Diluted EPS of $0.3). The second quarter of 2026 included a $4.3 million (Diluted EPS of $0.26) net of tax, non-operating gain from the sale of a minority interest in an unconsolidated entity. Excluding the non-recurring benefit, net income would have been $4.66 million, an increase of 35.2% compared to the previous period (and Adjusted Diluted EPS of $0.35). For the first six months of the year, net profit was $11.5 (Diluted EPS of $0.87) million. Excluding the one-time net impact of the minority interest sale, net profit for the first six months was $8.06 million, an increase of 11.0% compared to $7.3 million in the previous period. - **Adjusted EBITDA** was $7.4 million (14.0% of revenues), a 22.7% increase from $6.1 million (14.0% of revenues) for Q2 2025. Adjusted EBITDA for the first half of 2026 increased by 4.1% to $12.3 million (13.1% of revenues) compared to $11.8 million (13.8% of revenues) in the first half of 2025. - **Cash flow used in operations** for the second quarter was $(0.6) million compared to $6.9 million provided by operations in Q2 2025. Cash flow from operations was $1.4 million in the first half of 2026 compared to $1.9 million in the first half of 2025. - **Backlog and Long-Term Agreements:** approximately $615 million as of June 30, 2026, up from approximately $580 million on March 31, 2026, reflecting continued strong customer demand and providing multi-year revenue visibility. "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." "We have expanded our strategic relationship with Honeywell Aerospace" Zamir continued. "We became the sole authorized distributor(\*) of spare parts for the 331-200 auxiliary power unit platform (APU), extended our MRO license through 2036, and acquired three Honeywell Aerospace 131-9A APUs to expand our leasing business. These agreements strengthen our position in the APU aftermarket and ensure that we will continue to be a valued partner for Honeywell for a long time to come." "We believe the combination of historically high customer demand, expanding platform coverage, and a record backlog, combined with improving supply chain conditions, positions TAT well for continued profitable growth," Concluded Zamir. (\*) As previously disclosed in the Company's Report on Form 6-K filed on July 14, 2026. **Investor Call Information** TAT Technologies will host an earnings webcast and conference call today, August 5, 2026, at 8:00 a.m. Eastern Time to discuss second quarter results. Investors may register using the link below or by visiting the Company's website. Webcast Registration: https://us06web.zoom.us/webinar/register/WN\_MRtan\_3wQoG9XfDYLkuNeA Investor Relations Website: https://tat-technologies.com/investors/ **Non-GAAP Financial Measures** To supplement its GAAP results, the Company presents Adjusted EBITDA to provide investors with additional insight into underlying operating performance. Adjusted EBITDA excludes the Company's share in results of affiliated companies, share-based compensation, income taxes, net financial (expenses) income, and depreciation and amortization. Adjusted EBITDA should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below. **About TAT Technologies** TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on APU's, landing gears and other aircraft components for airlines, air cargo carriers, maintenance service centers and the military. For more information, please visit www.tat-technologies.com. ***Forward-Looking Statements*** *This press release contains "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements include, without limitation, statements regarding possible or assumed future operating results, demand conditions, supply chain conditions, customer relationships, backlog conversion, market position, and growth prospects. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations, including, but not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, LTAs and backlog, the price and continuity of supply of component parts used in our operations, the war and hostilities between Israel and Hamas, Hezbollah and Iran, regional shipping disruptions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F and its periodic reports on Form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statement.* **Contact:** Eran Yunger Director of IR Tel: +1-980-451-1115 erany@tat-technologies.com **UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS** **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS** **U.S dollars in thousands** **June 30,** **December 31,** **2026** **2025** **ASSETS** CURRENT ASSETS: Cash and cash equivalents $54,629 $51,259 Accounts receivable, net of allowance for credit losses of $228 and $172 as of June 30, 2026, and December 31, 2025, respectively 38,813 33,420 Inventory 85,189 75,549 Prepaid expenses and other current assets 7,041 6,071 Total current assets 185,672 166,299 NON-CURRENT ASSETS: Property, plant and equipment, net 47,001 46,922 Operating lease right of use assets 5,285 5,807 Intangible assets, net 1,884 1,452 Investment in affiliates 5,726 4,905 Funds in respect of employee rights upon retirement 446 398 Deferred tax assets 573 639 Restricted deposit - 307 Total non-current assets 60,915 60,430 Total assets $246,587 $226,729 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS** U.S dollars in thousands **June 30,** **December 31,** **2026** **2025** **LIABILITIES AND SHAREHOLDERS' EQUITY** CURRENT LIABILITIES: Current maturities of long-term debts $164 $2,227 Accounts payable 18,531 12,986 Accrued expenses and other current liabilities 18,309 17,296 Current maturities of operating lease liabilities 1,459 1,474 Total current liabilities 38,463 33,983 NON-CURRENT LIABILITIES: Long-term debts, net 11,018 9,485 Operating lease liabilities 4,032 4,448 Liability in respect of employee rights upon retirement 853 770 Deferred tax liabilities 3,286 1,652 Total non-current liabilities 19,189 16,355 COMMITMENTS AND CONTINGENCIES (NOTE 7) - - Total liabilities 57,652 50,338 SHAREHOLDERS' EQUITY: Ordinary shares of NIS 0 par value Authorized: 19,000,000 shares at June 30, 2026, and at December 31, 2025 Issued:13,272,610 shares at June 30, 2026, and 13,257,610 shares at December 31, 2025 Outstanding: 12,998,137 shares at June 30, 2026, and 12,983,137 shares at December 31, 2025 - - Additional paid-in capital 137,567 136,578 Treasury stock at cost (2,088) (2,088) Accumulated other comprehensive income 727 643 Retained earnings 52,729 41,258 Total shareholders' equity 188,935 176,391 Total liabilities and shareholders' equity $246,587 $226,729 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME** **U.S dollars in thousands** **Three Months Ended** **June 30,** **Six Months Ended** **June 30,** **2026** **2025** **2026** **2025** Revenues: Products $15,329 $12,463 $29,235 $25,187 Services 37,609 30,641 64,850 60,059 52,938 43,104 94,085 85,246 Costs: Products 10,775 9,112 20,874 17,443 Services 28,843 23,167 49,860 47,024 39,618 32,279 70,734 64,467 Gross profit 13,320 10,825 23,351 20,779 Operating expenses: Research and development, net 535 240 1,106 564 Selling and marketing 2,530 2,185 4,712 4,113 General and administrative 4,632 3,965 8,925 7,497 7,697 6,390 14,743 12,174 Operating income 5,623 4,435 8,608 8,605 Gain on sale of equity investment 4,324 - 4,324 - Interest expenses (182) (324) (330) (659) Other financial expenses, net (368) (776) (181) (499) Income before taxes on income 9,397 3,335 12,421 7,447 Provision for income taxes 1,911 211 2,056 803 Income before share of equity investment 7,486 3,124 10,365 6,644 Share in profits of equity investment of affiliated companies 585 318 1,106 611 Net income $8,071 $3,442 $11,471 $7,255 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME** **U.S dollars in thousands, except share and per share data** **Three Months Ended** **June 30,** **Six Months Ended** **June 30,** **2026** **2025** **2026** **2025** Earnings per share Basic $0.62 $ 0.30 $0.88 $ 0.65 Diluted $0.61 $ 0.30 $0.87 $ 0.64 Weighted average number of shares outstanding Basic 12,987,471 11,447,986 12,985,316 11,196,992 Diluted 13,131,610 11,666,309 13,164,168 11,409,488 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME** **U.S dollars in thousands** **Three Months Ended** **June 30,** **Six Months Ended** **June 30,** **2026** **2025** **2026** **2025** Net income $8,071 $3,442 $11,471 $7,255 Other comprehensive income (loss), net: Change in foreign currency translation adjustments (100) 148 91 676 Net unrealized losses from derivatives (7) - (7) - Total comprehensive income $7,964 $3,590 $11,555 $7,931 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY** **U.S dollars in thousands, except share data** **Share capital** **Accumulated** **Number of shares issued** **Amount** **Additional paid-in capital** **other comprehensive income** **Treasury shares** **Retained earnings** **Total equity** **BALANCE AT MARCH 31, 20****2****5** 11,214,831 $- $89,919 $452 $(2,088) $28,249 $116,532 **CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2025:** Comprehensive income - - - 148 - 3,442 3,590 Exercise of stock option 79,633 - - - - - - Issuance of common shares on public offering, net of issuance costs of $2,769 1,625,000 - 39,415 - - - 39,415 Exercise of the underwriters' option on public offering, net of issuance costs of $413 242,298 - 5,953 - - - 5,953 Share based compensation - - 291 - - - 291 **BALANCE AT JUNE 30, 2025** 13,161,762 $ - $135,578 $600 $(2,088) $31,691 $165,781 **BALANCE AT MARCH 31, 20****2****6** 13,257,610 $- $137,071 $834 $(2,088) $44,658 $180,475 **CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2026:** Comprehensive income - - - (107) - 8,071 7,964 Exercise of stock option 15,000 - 136 - - - 136 Share based compensation - - 360 - - - 360 **BALANCE AT JUNE 30, 2026** 13,272,610 $- $137,567 $727 $(2,088) $52,729 $188,935 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY** **U.S dollars in thousands, except share data** **Share capital** **Accumulated** **Number of shares issued** **Amount** **Additional paid-in capital** **other comprehensive income (loss)** **Treasury shares** **Retained earnings** **Total equity** **BALANCE AT DECEMBER 31, 2024** 11,214,831 $- $89,697 $(76) $(2,088) $24,436 $111,969 **CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2025:** Comprehensive income - - - 676 - 7,255 7,931 Exercise of option 79,633 - - - - - - Issuance of common shares on public offering, net of issuance costs of $2,769 1,625,000 - 39,415 - - - 39,415 Exercise of the underwriters' option on public offering, net of issuance costs of $413 242,298 - 5,953 - - - 5,953 Share based compensation - - 513 - - - 513 **BALANCE AT JUNE 30, 2025** 13,161,762 $- $135,578 $600 $(2,088) $31,691 $165,781 **BALANCE AT DECEMBER 31, 2025** 13,257,610 $- $136,578 $643 $(2,088) $41,258 $176,391 **CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2026:** Comprehensive income - - - 84 - 11,471 11,555 Exercise of option 15,000 - 136 - - - 136 Share based compensation - - 853 - - - 853 **BALANCE AT JUNE 30, 2026** 13,272,610 $- $137,567 $727 $(2,088) $52,729 $188,935 **TAT TECHNOLOGIES LTD.** **UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS** **U.S. dollars in thousands** **Three Months Ended** **June 30,** **Six Months Ended** **June 30,** **2026** **2025** **2026** **2025** CASH FLOWS FROM OPERATING ACTIVITIES: Net income $8,071 $3,442 $11,471 $7,255 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization 1,391 1,208 2,704 2,513 Non-cash financial expenses 21 600 352 508 Gain on sale of equity investment (Note 4) (4,324) - (4,324) - Change in allowance for credit losses (14) 75 55 25 Share in profits of equity investment of affiliated companies (585) (318) (1,106) (611) Share based compensation 360 291 853 513 Deferred income taxes, net 1,615 63 1,700 582 Changes in operating assets and liabilities: Decrease (increase) in trade accounts receivable (8,342) 882 (5,448) (2,594) Increase in inventory (3,453) (3,434) (9,883) (7,295) Decrease (increase) in prepaid expenses and other current assets 1,445 1,697 (812) 1,183 Increase in trade accounts payable 2,403 2,972 4,874 3,406 Increase (decrease) in accrued expenses and other current liabilities 850 (529) 952 (3,571) **Net cash provided by (used in) operating activities** (562) 6,949 1,388 1,914 CASH FLOWS FROM INVESTING ACTIVITIES: Proceeds from sale of equity investment 4,493 - 4,493 - Purchase of property and equipment (1,139) (3,305) (2,559) (6,167) **Net cash provided by (used in) investing activities** 3,354 (3,305) 1,934 (6,167) CASH FLOWS FROM FINANCING ACTIVITIES: Repayment of short-term debts - (10,719) - (4,350) Repayments of long-term debts (10,721) (516) (11,272) (1,087) Proceeds from issuance of ordinary shares and exercise of the underwriters' option - 48,550 - 48,550 Issuance costs of ordinary shares and exercise of the underwriters' option - (2,820) - (2,820) Proceeds from long term debt, net 10,877 - 10,877 - Proceeds from exercise of options 136 - 136 - **Net cash provided by (used in) financing activities** 292 34,495 (259) 40,293 **Net increase in cash and cash equivalents and restricted cash** 3,084 38,139 3,063 36,040 **Cash and cash equivalents and restricted cash at beginning of period** 51,545 5,335 51,566 7,434 **Cash and cash equivalents and restricted cash at the end of period** $54,629 $43,474 $54,629 $43,474 **Supplementary information on investing and financing activities not involving cash flows:** Additions of operating lease right-of-use assets and operating lease liabilities $217 $1,688 $299 $1,835 Reclassification between inventory and property, plant and equipment - - - 579 Unpaid issuance costs on long term debt and issuance of shares 152 362 152 362 Unpaid addition to property and equipment and intangible assets 1,140 951 1,140 951 **Supplemental disclosure of cash flow information:** Interest paid 154 249 303 516 Taxes paid 79 176 192 195 **RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)** **TAT TECHNOLOGIES LTD.** **RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)** **(UNAUDITED)** **U.S dollars in thousands** **Three months ended** **Six months ended** **June 30,** **June 30,** **2026** **2025** **2026** **2025** Net income $8,071 $3,442 $11,471 $7,255 Adjustments: Share in profits of equity investment of affiliated companies (585) (318) (1,106) (611) Provision for income taxes 1,911 211 2,056 803 Interest expenses 182 324 330 659 Gain on sale of equity investment (4,324) - (4,324) - Other financial expenses, net 368 776 181 499 Depreciation, amortization and others 1,445 1,328 2,820 2,691 Share based compensation 360 291 853 513 Adjusted EBITDA $7,428 $6,054 $12,281 $11,809 **TAT TECHNOLOGIES LTD.** **ADJUSTED NET INCOME ATTRIBUTABLE TO TAT TECHNOLOGIES LTD. (UNAUDITED)** **U.S. dollars in thousands** **Three months ended** **Six months ended** **June 30,** **June 30,** **2026** **2025** **2026** **2025** Net income $8,071 $3,442 $11,471 $7,255 Adjustments: Gain on sale of equity investment (4,324) - (4,324) - Income tax impact 908 - 908 - Adjusted net income $4,655 $3,442 $8,055 $7,255 Earnings per share Basic $0.62 $ 0.30 $0.88 $ 0.65 Diluted $0.61 $ 0.30 $0.87 $ 0.64 Adjusted earnings per share Basic $0.36 $ 0.30 $0.62 $ 0.65 Diluted $0.35 $ 0.30 $0.61 $ 0.64 SOURCE TAT Technologies Ltd ### Related Stocks - [TATT.US](https://longbridge.com/en/quote/TATT.US.md) - [HONA.US](https://longbridge.com/en/quote/HONA.US.md) - [HON.US](https://longbridge.com/en/quote/HON.US.md) - [HONIV.US](https://longbridge.com/en/quote/HONIV.US.md) ## Related News & Research - [Nixon Capital LLC Invests $7.55 Million in Honeywell Aerospace $HONA](https://longbridge.com/en/news/296767108.md) - [Persistent Asset Partners Ltd Invests $3.46 Million in Honeywell Aerospace $HONA](https://longbridge.com/en/news/296206394.md) - [Edmond DE Rothschild Holding S.A. 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