TAT Technologies (TATT) Reports Q3 EPS of $0.02 on Revenues of $26.1M

TAT Technologies (NASDAQ: TATT) reported Q3 EPS of $0.02, versus ($0.06) reported last year. Revenue for the quarter came in at $26.1 million, versus $23.3 million reported last year.

Key Financial Highlights:

• Revenues for Q3 2019 increased by 13% to $26.1 million compared with $23.2 million in Q3 2018. Revenues for the nine-months period that ended on September 30, 2019 increased by 4% to $75.4 million compared with $72.4 million in the nine-months period that ended on September 30, 2018.
• Gross profit for Q3 2019 increased by 40% to $4.2 million (16.3% of revenues) compared with $3.0 million (13.1% of revenues) in Q3 2018. Gross profit for the nine-months period that ended on September 30, 2019 increased by 27% to $11.2 million (14.8% of revenues) compared with $8.8 million (12.2% of revenues) in the nine-months period that ended on September 30, 2018.
• EBITDA for Q3 2019 increased by 100% to $2.0 million compared with $1.0 million in Q3 2018. EBITDA for the nine-months period that ended on September 30, 2019 increased by 380% to $4.8 million compared with $1.0 million in the nine-months period that ended on September 30, 2018.
• GAAP net income was $0.16 million, or $0.02 per diluted share in Q3 2019 compared with a net loss of $0.5 million, or ($0.06) per diluted share in Q3 2018. GAAP net income was $0.34 million, or $0.04 per diluted share in the nine-months period that ended on September 30, 2019 compared with a net loss of $2.7 million, or ($0.30) per diluted share in the nine-months period that ended on September 30, 2018.

Mr. Igal Zamir, CEO and President of TAT Technologies stated, "We are pleased with the results of the recent nine months. Revenues continue to grow both on the MRO and OEM segments. TAT continues its improvements in all operational aspects and profitability."

For earnings history and earnings-related data on TAT Technologies (TATT) click here.

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