TAT Technologies reports Q3 EPS 37c vs. 26c last year

Reports Q3 revenue $46.2M, consensus $46.27M. CEO Igal Zamir commented: “TAT Technologies (TATT) continues to deliver organic growth that exceeds the broader MRO market, reflecting the diversification and depth of our business model…Our performance increasingly reflects the company’s earnings power, as incremental growth is translating into meaningful operating leverage and cash flow conversion. Gross margin expanded by 410 basis points, driven by higher margin revenue streams, and disciplined operational management enabled us to grow net income by 69% and Adjusted EBITDA by 34%. Combined with improved working capital efficiency, we generated $7.5M in cash flow from operations in the quarter, and on a year-to-date basis, $20.4M in incremental revenue has translated to more than $14M in incremental cash from operations. TAT now operates from a position of strength with sustainable profitability, strong cash generation, and a balance sheet that includes more than $47M in cash and over $94M in working capital…Organically, we are confident in our ability to sustain growth and drive continued margins expansion through 2026 and beyond.”