TAT Technologies Q2 Revenue +22.8% to $52.9M; Record Backlog $615M
TAT Technologies Ltd. reported record second quarter 2026 financial results, with revenue increasing 22.8% to $52.9 million, driven by strong demand and easing supply chain conditions. Net income reached $8.1 million, boosted by a non-operating gain from the sale of a minority interest. Excluding this gain, adjusted net income still saw a significant 35.2% increase. The company also announced a record backlog and long-term agreements totaling $615 million, providing multi-year revenue visibility. Strategic advancements include an expanded partnership with Honeywell Aerospace, making TAT the sole authorized distributor for 331-200 auxiliary power unit spare parts and extending its MRO license through 2036.
Key Highlights
- Revenue increased 22.8% to $52.9 million in Q2 2026.
- Net Income was $8.1 million ($0.61 Diluted EPS), including a $4.3 million non-operating gain.
- Adjusted Net Income was $4.66 million ($0.35 Diluted EPS), up 35.2% YoY.
- Gross profit rose 23.0% to $13.3 million, representing 25.2% of revenues.
- Operating Income increased 26.8% to $5.6 million (10.6% of revenues).
- Adjusted EBITDA was $7.4 million (14.0% of revenues), a 22.7% increase.
- Backlog and Long-Term Agreements reached a record $615 million as of June 30, 2026.
- Expanded strategic relationship with Honeywell Aerospace, becoming sole authorized distributor for 331-200 APU spare parts.
Price Impact
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