TAT Technologies Ltd. Earnings Recaps
Q3 2026
Nov 4, 2026
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.
Key takeaways
- 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.
Q1 2026
May 24, 2026
TAT Technologies' shares surged 13.8% after the company reported record backlog growth and strong customer demand, offsetting supply chain delays that led to a slight revenue decline. The market rewarded the clear visibility on future contracts and confidence in margin expansion despite near-term execution headwinds.
Key takeaways
- Backlog and long-term agreements increased to a record $580 million from $550 million at year-end 2025, driven by new contract wins.
- Revenue declined slightly year-over-year due to supply chain disruptions delaying completion and shipment of APU and Landing Gear work orders.
- Operational capacity and workforce are ready to convert backlog into revenue once parts supply normalizes; supply constraints are linked to standard commodity parts, not technical complexity.
- Heat Exchangers saw growing demand and delivered over 97% of customer orders on time, providing a stable foundation.
- Trading and Listing segment grew 29% year-over-year, though subject to quarter-to-quarter variability, with strong underlying demand continuing.