TAT Technologies Q3 2015 revenue up 8%

TAT Technologies Ltd. (NASDAQ: TATT) said it reported third quarter 2015 total revenue of USD22 million compared to USD20.3 million in the third quarter of 2014, increase of 8 percent.

Operating income: USD0.5 million compared to USD0.6 million in the third quarter of 2014.

Net income: USD0.2 million compared to USD(0.4) million in the third quarter of 2014.

Earnings per share basic and diluted: USD0.02 per share compared to USD(0.05) per share in the third quarter of 2014.
EBITDA: USD1.1 million compared to USD1.2 million in the third quarter of 2014.

Cash and cash equivalents and short-term bank deposits: During the third quarter of 2015, the cash balance decreased in USD 0.8 million, from USD29.7 million as of June 30, 2015 to USD28.9 million as of September 30, 2015.

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under three segments: (i) Original Equipment Manufacturing or “OEM” of Heat Management Solutions (ii) Heat Transfer Services and Products (iii) Maintenance, Repair and Overhaul or “MRO” services of Aviation Components and (iv) overhaul and coating of certain jet engine components.