TAT Technologies Posts Record Q2 Revenue of $52.9M, Backlog Hits $615M
TATT sits 48% above its 52-week low of $30.355.
Summary
TAT Technologies delivered a standout Q2 with 22.8% revenue growth, a record $615 million backlog, and a 35% increase in adjusted net income, signaling strong execution and demand recovery.
Key Events · Earnings and Guidance · TATT
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Revenue Surges 22.8% to $52.9M
Q2 2026 revenue reached $52.9 million, up from $43.1 million a year ago, as supply chain conditions improved and demand remained robust.
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Net Income More Than Doubles
Net income hit $8.1 million ($0.61 diluted EPS), boosted by a $4.3 million non-recurring gain from the sale of a minority interest. Excluding that, adjusted net income rose 35% to $4.66 million ($0.35 adjusted diluted EPS).
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Record Backlog of $615 Million
Backlog and long-term agreements reached an all-time high of $615 million, up from $580 million at the end of Q1, providing strong multi-year revenue visibility.
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Adjusted EBITDA Grows 22.7%
Adjusted EBITDA increased to $7.4 million (14.0% of revenue) from $6.1 million a year ago, reflecting improved operating leverage.
Analysis · TATT · Manufacturing
Revenue jumped 22.8% to $52.9 million, driven by strong demand and easing supply chain constraints. Net income more than doubled to $8.1 million, though $4.3 million came from a one-time gain on the sale of a minority stake. Excluding that, adjusted net income still rose 35% to $4.66 million. The backlog swelled to a record $615 million, providing multi-year visibility. Operating cash flow turned slightly negative at $(0.6) million, a potential watchpoint, but the overall picture is one of accelerating growth and expanding profitability.
At the time of this filing, TATT was trading at $45.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $541.4M. The 52-week trading range was $30.36 to $64.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.