TAT Technologies

TAT Technologies Reports Full Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024
TAT Technologies, APU, Growth, Sale, Adjustment, GAAP, COVID, Tax, COVID-19, Depreciation

NETANYA, Israel, March 6, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its audited results for the twelve months ended December 31, 2023.

Key Points: 
  • NETANYA, Israel, March 6, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its audited results for the twelve months ended December 31, 2023.
  • Net debt as of December 31, 2023, was $10.3 million compared to net debt of $19.4 million as of December 31, 2022.
  • In December 2023 the Company raised $10.1 million (net from all related expenses) in a private placement sale to Israelis  institutional investors.
  • Mr. Igal Zamir, CEO and President of TAT Technologies stated "We are very pleased to present the results of 2023.

TAT Technologies Announces Proposed Private Placement to Israeli Institutional and Accredited Investors

Retrieved on: 
Friday, December 15, 2023
Sale, Hamas, Bank, Security (finance), Annual report, Hezbollah, Financial regulation, Placement, Person, Common stock, Regulation, Private, Private placement, TAT Technologies, Share (finance)

The Company is expected to issue and sell to the Investors an aggregate of 1,158,600 Ordinary Shares (the "Shares"), for a purchase price of NIS 31.70 per Share (approximately $8.60 per Share*).

Key Points: 
  • The Company is expected to issue and sell to the Investors an aggregate of 1,158,600 Ordinary Shares (the "Shares"), for a purchase price of NIS 31.70 per Share (approximately $8.60 per Share*).
  • The newly issued Shares are expected to represent approximately 11.5% of the Company's issued and outstanding Ordinary Shares after the consummation of such sale.
  • The closing of the transaction is subject to customary closing conditions and is expected to be completed by December 31, 2023.
  • * Calculated based on the exchange rate of $1.00:NIS 3.685, as published by the Bank of Israel on December 14, 2023.

Valens Semiconductor Appoints Guy Nathanzon as Chief Financial Officer

Retrieved on: 
Monday, December 11, 2023
Videotelephony, TAT Technologies, HOD, Research, NYSE, Interim, CFO, Broadcom Inc., Valens Semiconductor, Risk, Probability, Professional, COVID-19, SONY, Deep learning, Failure, VLN, Education, Video game, Finance

"We are delighted to welcome Guy Nathanzon as our new Chief Financial Officer," said Gideon Ben Zvi, Chief Executive Officer of Valens Semiconductor.

Key Points: 
  • "We are delighted to welcome Guy Nathanzon as our new Chief Financial Officer," said Gideon Ben Zvi, Chief Executive Officer of Valens Semiconductor.
  • Ben Zvi added, "I want to thank Yael Rozenberg Haine for her dedication and professionalism as Interim Chief Financial Officer.
  • Guy Nathanzon will join Valens Semiconductor with vast experience across a variety of technology companies, including nearly 15 years in the semiconductor industry and over ten years in medical imaging and industrial aviation technology companies.
  • Nathanzon is currently the Chief Financial Officer of Scopio Labs, a medical imaging and deep learning AI company, a position he has held since 2020.

TAT Technologies Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023
EBITDA, Growth, Tax, Depreciation, GAAP, Adjustment, TAT Technologies, TAT, Cryptocurrency

NETANYA, Israel, Nov. 13, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three months and nine months periods ended September 30, 2023.

Key Points: 
  • NETANYA, Israel, Nov. 13, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three months and nine months periods ended September 30, 2023.
  • Financial highlights for third quarter of 2023:
    Revenues for Q3 2023 were $29.9 million, an increase of 43% compared with $20.9 million in Q3 2022.
  • Mr. Igal Zamir, TAT's CEO and President commented on the results: "we are very pleased with the results of the third quarter and nine months of 2023.
  • We are facing swift growth in demand for our products and services, which has resulted in increasing revenue and profitability quarter after quarter.

TAT Technologies Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 30, 2023
TAT, Tax, GAAP, APU, RFP, EBITDA, Depreciation, OEM, Adjustment, TAT Technologies, MRO, Cryptocurrency, Bookkeeping

NETANYA, Israel, Aug. 29, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month and six-month period ended June 30, 2023.

Key Points: 
  • NETANYA, Israel, Aug. 29, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month and six-month period ended June 30, 2023.
  • Financial highlights for H1 of 2023:
    ·  Revenues for Q2 2023 were $26.8 million, an increase of 29% compared with $20.8 million in Q2 2022.
  • ·  Adjusted EBITDA for Q2 2023 increased by 291% to $2.57 million compared with $0.9 million in Q2 2022.
  • Mr. Igal Zamir, TAT's CEO and President commented on the results: "We are excited with the results of the second quarter and the first six month of 2023.

CP Group Announces Four New Leases at Harris Corners in Charlotte, NC

Retrieved on: 
Tuesday, August 22, 2023
Commercial Building & Real Estate, Urban Planning, Manufacturing, Construction & Property, Other Transport, Interior Design, Building Systems, Architecture, Transport, Other Manufacturing, Other Construction & Property, Colliers (company), Charlotte Douglas International Airport, I-77, Senior, Collier, PLLC, CP, Tenant, Charoen Pokphand, FEG, Harris corner detector, I-85, RGX, Growth, TAT Technologies, Property management, Self storage

CP Group , a vertically integrated commercial real estate and management firm, today announced four new leases at Harris Corners — its three-building, Class A office campus totaling 365,000 square feet in Charlotte, North Carolina.

Key Points: 
  • CP Group , a vertically integrated commercial real estate and management firm, today announced four new leases at Harris Corners — its three-building, Class A office campus totaling 365,000 square feet in Charlotte, North Carolina.
  • Fitzpatrick Engineering Group (FEG), PLLC, a structural engineering firm relocating from Cornelius, signed a lease for 3,200 square feet.
  • “We found Harris Corners a great central location for our team, with very convenient access to both I-77 and I-485.
  • CP Group acquired Harris Corners, consisting of one four-story and two five-story Class-A office buildings, in July 2021.

TAT Technologies Ltd., through its Oklahoma subsidiary -Limco Airpair Inc., signed a unique contract to serve a Boeing747 fleet of one of Europe's Major Cargo Carriers

Retrieved on: 
Wednesday, August 16, 2023
TAT, Certification, MRO, FAA, OEM, Boeing, TAT Technologies, Maintenance (technical)

NETANYA, Israel, Aug. 16, 2023 /PRNewswire/ -- TAT Technologies (Nasdaq TATT) a leading supplier of OEM products and MRO services for the defense and commercial aviation industry, announced today the signing of a new contract for the repair of Boeing 747 Thermal component being used by a fleet of a major European Cargo carrier. The contract is valued at $7.5 million.

Key Points: 
  • TAT won this contract due to its unique capability to repair this component.
  • Mr. Zamir CEO and President of TAT Technologies said:" We won this contract due to our unique capabilities to serve this component under FAA and Easa certification.
  • Mr. Zamir added:" this contract will start generating revenues and profits in Q3/2023 and for the coming years.
  • It represents another demonstration of how we execute our strategy to focus on large MRO contracts with long-term customers. "

TAT Technology through its North Carolina subsidiary - Piedmont Aviation Components, received a first customer's order for an overhaul of APU331-500 engine serving on the Boeing 777 fleet

Retrieved on: 
Wednesday, June 14, 2023
TAT, Honeywell, Growth, OEM, APU, EBITDA, Investment, TAT Technologies, MRO, Video game

NETANYA, Israel, June 14, 2023 /PRNewswire/ -- TAT Technologies (Nasdaq: TATT) a leading supplier of OEM products and MRO services for the defense and commercial aviation industry, informed on receiving a first customer's order for the repair of APU331-500 from one of North America Cargo carriers.

Key Points: 
  • 2 years after signing the strategic deal with Honeywell, TAT completed its investments in machines and equipment.
  • The company received its first customer's order after completion of the certification process.
  • Mr. Zamir CEO and President of TAT Technologies said:" this order is the first of many orders to come, part of our penetration strategy to the MRO market of the APU 331-500.
  • We expect the improvement in our results to continue in the coming quarters, and such improvement to enhance the value to our shareholders".

TAT Technologies Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 31, 2023
TAT, Honeywell, Tax, Depreciation, EBITDA, Adjustment, GAAP, TAT Technologies, APU, LTA, Beauty salon, Bookkeeping

NETANIA, Israel, May 31, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month period ended March 31, 2023.

Key Points: 
  • NETANIA, Israel, May 31, 2023 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three-month period ended March 31, 2023.
  • Financial highlights for the first quarter of 2023:
    Revenues for Q1 2023 increased by 26.6% to $25.2 million compared to $19.9 million in Q1 2022.
  • Net income for Q1 2023 was $0.66 million compared to a net loss of $1.6 million in Q1 2022.
  • Mr. Igal Zamir, TAT's CEO and President commented on the results: "We are excited with the results of the first quarter of 2023.

TAT Technologies Reports Full Year 2022 Results

Retrieved on: 
Wednesday, March 29, 2023
Gulf Stream, TAT, Tax, GAAP, COVID, G5, Sale, EBITDA, Acquisition, Net income, Depreciation, OEM, Adjustment, TAT Technologies, MRO, Pharmaceutical industry, Bookkeeping, G4

Mr. Igal Zamir, CEO and President of TAT Technologies stated that 2022 was a unique year for TAT and the aviation industry.

Key Points: 
  • Mr. Igal Zamir, CEO and President of TAT Technologies stated that 2022 was a unique year for TAT and the aviation industry.
  • We enter 2023 with very strong order backlog and expect to present improved results for the full year.
  • The adjustments to the Company's GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company's underlying operational results, trends and performance.
  • See reconciliation of GAAP Net Income to Non-GAAP Net Income and Adjusted EBITDA in page 11.