TAT Technologies total revenue up 4% YoY

TAT Technologies Ltd. (NASDAQ: TATT) said its second quarter 2015 total revenue was USD21.5 million, compared to USD20.6 million in the second quarter of 2014, an increase of 4.2 percent.

Operating income was USD1.1 million compared to USD0.7 million in the second quarter of 2014.

Net income was USD0.7 million compared to USD0.3 million in the second quarter of 2014.

Earnings per share basic and diluted was USD0.08 per share compared to USD0.04 per share in the second quarter of 2014.

Cash and cash equivalents and short-term bank deposits: During the first 6 months of 2015, the cash balance has been increased in USD 1.7 million, from USD28 million as of December 31, 2014 to USD29.7 million as of June 30, 2015.

TAT Technologies is a leading provider of services and products to the commercial and military aerospace and ground defense industries.