Record Quarterly and Nine-Month Revenue, Gross Profit Margin and Adjusted EBITDA
Revenue Increases 20.2%, Adjusted EBITDA Increases 60.9% and Diluted EPS Increases 57.8%
CHARLOTTE, N.C., Nov. 2, 2026 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aerospace and ground defense industries, today reported financial results for the third quarter ended September 30, 2026.
Igal Zamir, TAT's president and CEO, said: "TAT delivered an outstanding third quarter, with record quarterly revenue of $55.6 million and record quarterly adjusted EBITDA of $10.9 million, reflecting a record adjusted EBITDA margin of 19.6%. These results are driven by strong customer demand, an improved product mix and greater operational efficiency. Demand for our products remains strong across our core product lines, while our extended relationship with Honeywell is creating additional opportunities going forward."
"Looking forward, we enter the final quarter of 2026 with strong momentum, supported by our long-standing customer relationships, strong backlog and long-term agreements. We believe TAT is well positioned to build on its strong performance to seize future opportunities and achieve sustainable, profitable growth in the years to come," concluded Mr. Zamir.
Financial highlights:
Record quarterly and nine-month revenue, gross profit and Adjusted EBITDA.
- Revenues were $55.6 million, a 20.2% increase compared to $46.2 million in the third quarter of 2025. For the first nine months of 2026, revenues increased by 13.8% to $149.6 million compared to $131.5 million in the first nine months of 2025.
- Gross profit increased by 48.2% to $17.2 million, representing 30.9% of revenues, compared to $11.6 million (25.1% of revenues) in the third quarter of 2025. For the first nine months of 2026, gross profit increased by 25.2% to $40.5 million compared to $32.4 million in the first nine months of 2025 (27.1% of revenues in the first nine months of 2026 compared to 24.6% of revenues in the first nine months of 2025).
- Operating Income increased by 71.8% to $9.0 million (16.3% of revenues) compared to $5.3 million (11.4% of revenues) for the third quarter of 2025. For the first nine months of 2026, operating income was $17.6 million (11.8% of revenues) compared to $13.9 million (10.5% of revenues) in the first nine months of 2025.
- Net Income of $7.7 million (Diluted EPS of $0.58) compared to $4.8 million for the third quarter of 2025 (Diluted EPS of $0.37). For the first nine months of 2026, net income was $19.1 million (Diluted EPS of $1.46), compared to $12.1 million (Diluted EPS of $1.02) in the first nine months of 2025. Net income for the first nine months of 2026 includes a one-time gain of $3.4 million, net of tax, on the sale of the Company's equity method investment in First Aviation Services Inc. (FAV).
- Adjusted EBITDA was $10.9 million (19.6% of revenues), a 60.9% increase from $6.8 million (14.6% of revenues) for the third quarter of 2025. Adjusted EBITDA for the first nine months of 2026 increased by 47% to $27.4 million (18.31% of revenues) compared to $18.6 million (14.1% of revenues) in the first nine months of 2025. Excluding the one-time pre-tax gain of $4.3 million from the sale of the Company's equity investment in FAV, Adjusted EBITDA for the first nine months of 2026 was $23.0 million.
- Cash flow provided by operations for the third quarter was $3.8 million compared to $7.5 million provided by operations in the third quarter of 2025. Cash flow from operations was $5.2 million in the first nine months of 2026 compared to $9.4 million in the first nine months of 2025. The decrease was primarily attributable to an increase in inventory of $10.6 million in the third quarter and $20.5 million in the first nine months of 2026, reflecting the Company's investment in inventory to support the ramp-up of its long-term agreements, including its expanded agreement with Honeywell.
- Backlog and Long-Term Agreements: approximately $577 million as of September 30, 2026.
Investor Call Information
TAT Technologies will host an earnings webcast and conference call today, November 2, 2026, at 8:00 a.m. Eastern Time to discuss third quarter results. Investors may register using the link below or by visiting the Company's website.
Webcast Registration: Link to registration Investor Relations Website: https://tat-technologies.com/investors/
Non-GAAP Financial Measures
To supplement its GAAP results, the Company presents adjusted EBITDA, adjusted net income and adjusted earnings per share, which are non-GAAP financial measures, to provide investors with additional insight into underlying operating performance. Management uses these measures to evaluate period-to-period operating performance and believes they are useful to investors because they exclude items that are non-recurring or non-cash in nature or that do not reflect the Company's core operations. Adjusted EBITDA excludes the Company's share in results of affiliated companies, share-based compensation, income taxes, financial (expenses) income, net, gain on sale of equity investment and depreciation and amortization. Adjusted net income and adjusted earnings per share exclude the gain on sale of equity investment and the related income tax impact. These non-GAAP measures should not be considered as alternatives to net income, operating income or earnings per share for the period and may not be indicative of the historic operating results of the Company; nor are they meant to be predictive of potential future results. These measures are not measures of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliations of these non-GAAP measures to the most directly comparable GAAP measures below.
About TAT Technologies
TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on APUs, landing gears and other aircraft components for airlines, air cargo carriers, maintenance service centers and the military. For more information, please visit www.tat-technologies.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the United States federal securities laws. These forward-looking statements include, without limitation, statements regarding possible or assumed future operating results, demand conditions, supply chain conditions, customer relationships, backlog conversion, market position, and growth prospects. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations, including, but not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, LTAs and backlog, the price and continuity of supply of component parts used in our operations, the war and hostilities between Israel and Hamas, Hezbollah and Iran, regional shipping disruptions and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F and its periodic reports on Form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact:
Eran Yunger Director of IRTel: +1-980-451-1115 erany@tat-technologies.com
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
|
TAT TECHNOLOGIES LTD. |
|||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||
|
U.S dollars in thousands |
|||
|
September 30, |
December 31, |
||
|
2026 |
2025 |
||
|
ASSETS |
|||
|
CURRENT ASSETS: |
|||
|
Cash and cash equivalents |
$53,732 |
$51,259 |
|
|
Accounts receivable, net of allowance for credit losses of $266 and $172 as of September 30, 2026, and December 31, 2025, respectively |
35,728 |
33,420 |
|
|
Inventory |
95,328 |
75,549 |
|
|
Prepaid expenses and other current assets |
5,913 |
6,071 |
|
|
Total current assets |
190,701 |
166,299 |
|
|
NON-CURRENT ASSETS: |
|||
|
Property, plant and equipment, net |
50,207 |
46,922 |
|
|
Operating lease right of use assets |
5,154 |
5,807 |
|
|
Intangible assets, net |
2,038 |
1,452 |
|
|
Investment in affiliates |
5,700 |
4,905 |
|
|
Funds in respect of employee rights upon retirement |
434 |
398 |
|
|
Deferred tax assets |
436 |
639 |
|
|
Restricted deposit |
- |
307 |
|
|
Total non-current assets |
63,969 |
60,430 |
|
|
Total assets |
$254,670 |
$226,729 |
|
|
TAT TECHNOLOGIES LTD. |
|||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||
|
U.S dollars in thousands |
|||
|
September 30, |
December 31, |
||
|
2026 |
2025 |
||
|
LIABILITIES AND SHAREHOLDERS' EQUITY |
|||
|
CURRENT LIABILITIES: |
|||
|
Current maturities of long-term debts |
$167 |
$2,227 |
|
|
Accounts payable |
17,773 |
12,986 |
|
|
Accrued expenses and other current liabilities |
18,987 |
17,296 |
|
|
Current maturities of operating lease liabilities |
1,438 |
1,474 |
|
|
Total current liabilities |
38,365 |
33,983 |
|
|
NON-CURRENT LIABILITIES: |
|||
|
Long-term debts, net |
10,963 |
9,485 |
|
|
Operating lease liabilities |
3,859 |
4,448 |
|
|
Liability in respect of employee rights upon retirement |
826 |
770 |
|
|
Deferred tax liabilities |
3,839 |
1,652 |
|
|
Total non-current liabilities |
19,487 |
16,355 |
|
|
COMMITMENTS AND CONTINGENCIES (NOTE 7) |
- |
- |
|
|
Total liabilities |
57,852 |
50,338 |
|
|
SHAREHOLDERS' EQUITY: |
|||
|
Ordinary shares of NIS 0 par value Authorized: 23,000,000 shares at September 30, 2026, and 19,000,000 at December 31, 2025 Issued:13,272,610 shares at September 30, 2026, and 13,257,610 shares at December 31, 2025 Outstanding: 12,998,137 shares at September 30, 2026, and 12,983,137 shares at December 31, 2025 |
- |
- |
|
|
Additional paid-in capital |
138,049 |
136,578 |
|
|
Treasury stock at cost |
(2,088) |
(2,088) |
|
|
Accumulated other comprehensive income |
451 |
643 |
|
|
Retained earnings |
60,406 |
41,258 |
|
|
Total shareholders' equity |
196,818 |
176,391 |
|
|
Total liabilities and shareholders' equity |
$254,670 |
$226,729 |
|
|
TAT TECHNOLOGIES LTD. |
||||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||
|
U.S dollars in thousands |
||||||||
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||
|
2026 |
2025 |
2026 |
2025 |
|||||
|
Revenues: |
||||||||
|
Products |
$15,336 |
$12,617 |
$44,571 |
$37,804 |
||||
|
Services |
40,227 |
33,618 |
105,077 |
93,677 |
||||
|
55,563 |
46,235 |
149,648 |
131,481 |
|||||
|
Costs: |
||||||||
|
Products |
10,338 |
9,170 |
31,207 |
26,613 |
||||
|
Services |
28,038 |
25,464 |
77,903 |
72,488 |
||||
|
38,376 |
34,634 |
109,110 |
99,101 |
|||||
|
Gross profit |
17,187 |
11,601 |
40,538 |
32,380 |
||||
|
Operating expenses: |
||||||||
|
Research and development, net |
726 |
323 |
1,832 |
887 |
||||
|
Selling and marketing |
2,384 |
1,993 |
7,096 |
6,106 |
||||
|
General and administrative |
5,041 |
4,025 |
13,966 |
11,522 |
||||
|
8,151 |
6,341 |
22,894 |
18,515 |
|||||
|
Operating income |
9,036 |
5,260 |
17,644 |
13,865 |
||||
|
Gain on sale of equity investment |
- |
- |
4,324 |
- |
||||
|
Interest expenses |
(216) |
(176) |
(546) |
(835) |
||||
|
Other financial income (expenses), net |
273 |
206 |
92 |
(293) |
||||
|
Income before taxes on income |
9,093 |
5,290 |
21,514 |
12,737 |
||||
|
Provision for income taxes |
1,759 |
821 |
3,815 |
1,624 |
||||
|
Income before share of equity investment |
7,334 |
4,469 |
17,699 |
11,113 |
||||
|
Share in profits of equity investment of affiliated companies |
343 |
372 |
1,449 |
983 |
||||
|
Net income |
$7,677 |
$4,841 |
$19,148 |
$12,096 |
||||
|
TAT TECHNOLOGIES LTD. |
||||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||
|
U.S dollars in thousands |
||||||||
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||
|
2026 |
2025 |
2026 |
2025 |
|||||
|
Earnings per share |
||||||||
|
Basic |
$0.59 |
$0.37 |
$1.47 |
$1.03 |
||||
|
Diluted |
$0.58 |
$0.37 |
$1.46 |
$1.02 |
||||
|
Weighted average number of shares outstanding |
||||||||
|
Basic |
12,998,137 |
12,911,050 |
12,989,582 |
11,776,747 |
||||
|
Diluted |
13,144,592 |
13,078,467 |
13,158,304 |
11,904,044 |
||||
|
TAT TECHNOLOGIES LTD. |
||||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
||||||||
|
U.S dollars in thousands |
||||||||
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
|||||||
|
2026 |
2025 |
2026 |
2025 |
|||||
|
Net income |
$7,677 |
$4,841 |
$19,148 |
$12,096 |
||||
|
Other comprehensive income (loss), net: |
||||||||
|
Change in foreign currency translation adjustments |
(261) |
(101) |
(170) |
575 |
||||
|
Net unrealized losses from derivatives |
(15) |
- |
(22) |
- |
||||
|
Total comprehensive income |
$7,401 |
$4,740 |
$18,956 |
$12,671 |
||||
|
TAT TECHNOLOGIES LTD. |
|||||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||||||||||
|
U.S dollars in thousands |
|||||||||||||||
|
Share capital |
Accumulated |
||||||||||||||
|
Number of shares issued |
Amount |
Additional paid-in capital |
other comprehensive income (loss) |
Treasury shares |
Retained earnings |
Total equity |
|||||||||
|
BALANCE AT JUNE 30, 2025 |
13,161,762 |
$- |
$135,578 |
$600 |
$(2,088) |
$31,691 |
$165,781 |
||||||||
|
CHANGES DURING THE THREE MONTHS ENDED SEPTEMBER 30, 2025: |
|||||||||||||||
|
Comprehensive income (loss) |
- |
- |
- |
(101) |
- |
4,841 |
4,740 |
||||||||
|
Exercise of stock option |
63,348 |
- |
- |
- |
- |
- |
- |
||||||||
|
Share based compensation |
- |
- |
167 |
- |
- |
- |
167 |
||||||||
|
BALANCE AT SEPTEMBER 30, 2025 |
13,225,110 |
$- |
$135,745 |
$499 |
$(2,088) |
$36,532 |
$170,688 |
||||||||
|
BALANCE AT JUNE 30, 2026 |
13,272,610 |
$- |
$137,567 |
$727 |
$(2,088) |
$52,729 |
$188,935 |
||||||||
|
CHANGES DURING THE THREE MONTHS ENDED SEPTEMBER 30, 2026: |
|||||||||||||||
|
Comprehensive income (loss) |
- |
- |
- |
(276) |
- |
7,677 |
7,401 |
||||||||
|
Share based compensation |
- |
- |
482 |
- |
- |
- |
482 |
||||||||
|
BALANCE AT SEPTEMBER 30, 2026 |
13,272,610 |
$- |
$138,049 |
$451 |
$(2,088) |
$60,406 |
$196,818 |
||||||||
|
TAT TECHNOLOGIES LTD. |
|||||||||||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||||||||||
|
U.S dollars in thousands |
|||||||||||||||
|
Share capital |
Accumulated |
||||||||||||||
|
Number of shares issued |
Amount |
Additional paid-in capital |
other comprehensive income (loss) |
Treasury shares |
Retained earnings |
Total equity |
|||||||||
|
BALANCE AT DECEMBER 31, 2024 |
11,214,831 |
$- |
$89,697 |
$(76) |
$(2,088) |
$24,436 |
$111,969 |
||||||||
|
CHANGES DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2025: |
|||||||||||||||
|
Comprehensive income (loss) |
- |
- |
- |
575 |
- |
12,096 |
12,671 |
||||||||
|
Exercise of option |
142,981 |
- |
- |
- |
- |
- |
- |
||||||||
|
Issuance of ordinary shares on public offering, net of issuance costs of $2,769 |
1,625,000 |
- |
39,415 |
- |
- |
- |
39,415 |
||||||||
|
Exercise of the underwriters' option on public offering, net of issuance costs of $413 |
242,298 |
- |
5,953 |
- |
- |
- |
5,953 |
||||||||
|
Share based compensation |
- |
- |
680 |
- |
- |
- |
680 |
||||||||
|
BALANCE AT SEPTEMBER 30, 2025 |
13,225,110 |
$- |
$135,745 |
$499 |
$(2,088) |
$36,532 |
$170,688 |
||||||||
|
BALANCE AT DECEMBER 31, 2025 |
13,257,610 |
$- |
$136,578 |
$643 |
$(2,088) |
$41,258 |
$176,391 |
||||||||
|
CHANGES DURING THE NINE MONTHS ENDED SEPTEMBER 30, 2026: |
|||||||||||||||
|
Comprehensive income (loss) |
- |
- |
(192) |
- |
19,148 |
18,956 |
|||||||||
|
Exercise of option |
15,000 |
- |
136 |
- |
- |
- |
136 |
||||||||
|
Share based compensation |
- |
- |
1,335 |
- |
- |
- |
1,335 |
||||||||
|
BALANCE AT SEPTEMBER 30, 2026 |
13,272,610 |
$- |
$138,049 |
$451 |
$(2,088) |
$60,406 |
$196,818 |
||||||||
|
TAT TECHNOLOGIES LTD. |
|||||||
|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
|||||||
|
U.S dollars in thousands |
|||||||
|
Three Months Ended September 30, |
Nine Months Ended September 30, |
||||||
|
2026 |
2025 |
2026 |
2025 |
||||
|
CASH FLOWS FROM OPERATING ACTIVITIES: |
|||||||
|
Net income |
$7,677 |
$4,841 |
$19,148 |
$12,096 |
|||
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|||||||
|
Depreciation and amortization |
1,362 |
1,249 |
4,066 |
3,762 |
|||
|
Non-cash financial expenses |
462 |
126 |
814 |
634 |
|||
|
Gain on sale of equity investment (Note 4) |
- |
- |
(4,324) |
- |
|||
|
Change in allowance for credit losses |
39 |
(104) |
94 |
(79) |
|||
|
Share in profits of equity investment of affiliated companies |
(343) |
(372) |
(1,449) |
(983) |
|||
|
Share based compensation |
482 |
167 |
1,335 |
680 |
|||
|
Deferred income taxes, net |
690 |
884 |
2,390 |
1,466 |
|||
|
Changes in operating assets and liabilities: |
|||||||
|
Decrease (increase) in trade accounts receivable |
3,046 |
(960) |
(2,402) |
(3,554) |
|||
|
Decrease (increase) in inventory |
(10,607) |
281 |
(20,490) |
1,464 |
|||
|
Decrease (increase) in prepaid expenses and other current assets |
1,120 |
(1,757) |
309 |
(9,052) |
|||
|
Increase (decrease) in trade accounts payable |
(929) |
1,334 |
3,945 |
4,740 |
|||
|
Increase (decrease) in accrued expenses and other current liabilities |
774 |
1,806 |
1,725 |
(1,765) |
|||
|
Net cash provided by operating activities |
3,773 |
7,495 |
5,161 |
9,409 |
|||
|
CASH FLOWS FROM INVESTING ACTIVITIES: |
|||||||
|
Proceeds from sale of equity investment |
- |
- |
4,493 |
- |
|||
|
Purchase of property and equipment |
(4,408) |
(2,743) |
(6,967) |
(8,910) |
|||
|
Net cash used in investing activities |
(4,408) |
(2,743) |
(2,474) |
(8,910) |
|||
|
CASH FLOWS FROM FINANCING ACTIVITIES: |
|||||||
|
Repayments of short-term loans |
- |
- |
- |
(4,350) |
|||
|
Repayments of long-term debts |
(96) |
(473) |
(11,368) |
(1,560) |
|||
|
Proceeds from issuance of ordinary shares and exercise of the underwriters' option |
- |
- |
- |
48,550 |
|||
|
Issuance costs of ordinary shares and exercise of the underwriters' option |
- |
(362) |
- |
(3,182) |
|||
|
Proceeds (issuance costs) from long term debt, net |
(166) |
- |
10,711 |
- |
|||
|
Proceeds from exercise of options |
- |
- |
136 |
- |
|||
|
Net cash provided by (used in) financing activities |
(262) |
(835) |
(521) |
39,458 |
|||
|
Net increase (decrease) in cash and cash equivalents and restricted cash |
(897) |
3,917 |
2,166 |
39,957 |
|||
|
Cash and cash equivalents and restricted cash at beginning of period |
54,629 |
43,474 |
51,566 |
7,434 |
|||
|
Cash and cash equivalents and restricted cash at the end of period |
$53,732 |
$47,391 |
$53,732 |
$47,391 |
|||
|
Supplementary information on investing and financing activities not involving cash flows: |
|||||||
|
Additions of operating lease right-of-use assets and operating lease liabilities |
$161 |
$1,948 |
$460 |
$3,783 |
|||
|
Reclassification between inventory and property, plant and equipment |
- |
- |
- |
579 |
|||
|
Addition to property and equipment and intangible assets in accounts payable |
1,430 |
195 |
1,430 |
195 |
|||
|
Supplemental disclosure of cash flow information: |
|||||||
|
Interest paid |
135 |
430 |
438 |
946 |
|||
|
Taxes paid |
79 |
21 |
192 |
197 |
|||
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED) ANDADJUSTED NET INCOME ATTRIBUTABLE TO TAT TECHNOLOGIES LTD. (UNAUDITED)
|
TAT TECHNOLOGIES LTD. |
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|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
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|
U.S dollars in thousands |
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|
Three months ended |
Nine months ended |
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|
September 30, |
September 30, |
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|
2026 |
2025 |
2026 |
2025 |
||||
|
Net income |
$7,677 |
$4,841 |
$19,148 |
$12,096 |
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|
Adjustments: |
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|
Share in profits of equity investment of affiliated companies |
(343) |
(372) |
(1,449) |
(983) |
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|
Provision for income taxes |
1,759 |
821 |
3,815 |
1,624 |
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|
Interest expenses |
216 |
176 |
546 |
835 |
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|
Other financial (income) expenses, net |
(273) |
(206) |
(92) |
293 |
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|
Depreciation, amortization and others |
1,362 |
1,334 |
4,066 |
4,025 |
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|
Share based compensation |
482 |
167 |
1,335 |
680 |
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|
Adjusted EBITDA |
$10,880 |
$6,761 |
$27,369* |
$18,570 |
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* Adjusted EBITDA for the nine months ended September 30, 2026 includes the one-time pre-tax gain of $4,324 thousand from the sale of the Company's equity investment in First Aviation Services Inc. Without this one-time profit Adjusted EBITDA would be $23,045 thousand. |
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TAT TECHNOLOGIES LTD. |
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|
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS |
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|
U.S dollars in thousands |
|||||||
|
Three months ended |
Nine months ended |
||||||
|
September 30, |
September 30, |
||||||
|
2026 |
2025 |
2026 |
2025 |
||||
|
Net income |
$7,677 |
$4,841 |
$19,148 |
$12,096 |
|||
|
Adjustments: |
|||||||
|
Gain on sale of equity investment |
- |
- |
(4,324) |
- |
|||
|
Income tax impact |
- |
- |
908 |
- |
|||
|
Adjusted net income |
$7,677 |
$4,841 |
$15,732 |
$12,096 |
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|
Earnings per share |
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|
Basic |
$0.59 |
$0.37 |
$1.47 |
$1.03 |
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|
Diluted |
$0.58 |
$0.37 |
$1.46 |
$1.02 |
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|
Adjusted earnings per share |
|||||||
|
Basic |
$0.59 |
$0.37 |
$1.21 |
$1.03 |
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|
Diluted |
$0.58 |
$0.37 |
$1.20 |
$1.02 |
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View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-record-third-quarter-2026-results-302926360.html
SOURCE TAT Technologies Ltd