TAT shares rose 22.0% after earnings, as investors rewarded record quarterly revenue and adjusted EBITDA alongside a sharp increase in gross margin. Management also pointed to strong demand, a healthy backlog and continued momentum into Q4 and 2027.
- Q3 revenue grew 20.2% year over year to a record $55.6 million; nine-month revenue was up 13.8% to $149.6 million.
- Gross profit rose 48.2% to $17.2 million, with record gross margin of 30.9%; the CEO said profitability grew faster than revenue.
- Adjusted EBITDA was nearly $11 million, a record, though the transcript excerpt provides no year-over-year comparison.
- Growth was supported by APUs, heat exchangers, and trading, leasing and distribution; management cited improved supply-chain conditions and operating efficiency.
- Management expects to finish 2026 on a strong note and sees momentum carrying into 2027, while noting higher oil prices raise concerns about air-travel outlook and airline spending.
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