TAT Technologies Reports Strong 2024 Financial Results, Eyes Continued Growth

An announcement from Tat Techno ( (TATT) ) is now available.

TAT Technologies Ltd. reported a significant financial performance for the year 2024, with a 34% increase in revenue to $152.1 million and a 139% rise in net income to $11.2 million. The company achieved its ninth consecutive quarter of revenue growth, driven by strategic growth initiatives and a focus on customer service. Despite a negative cash flow from operations, TAT’s strategic inventory investments are aimed at mitigating supply chain risks. The company also secured $47 million in new contracts, boosting its backlog to a record $429 million. TAT’s engagement with the US and Israeli investor communities led to a successful $10 million capital raise and a 153% increase in share price, positioning the company for continued growth in 2025.

More about Tat Techno

TAT Technologies Ltd. is a leading provider of products and services to the commercial and military aerospace and ground defense industries. The company operates through four segments: Original Equipment Manufacturing (OEM) of heat transfer solutions and aviation accessories, MRO services for heat transfer components, MRO services for aviation components, and overhaul and coating of jet engine components. TAT’s activities include the design, development, and manufacture of a range of heat transfer solutions and aviation accessories, as well as maintenance, repair, and overhaul services for various aircraft components.

YTD Price Performance: -5.27%

Average Trading Volume: 49,358

Technical Sentiment Signal: Sell

Current Market Cap: $281.1M

See more data about TATT stock on TipRanks’ Stock Analysis page.