TAT Technologies Q2 revenue jumps 23% to $52.9M as net income more than doubles
TATT sits 47% above its 52-week low of $30.355.
Summary
TAT Technologies posted Q2 2026 revenue of $52.9 million (+22.8% YoY) and net income of $8.1 million (+134.5% YoY), aided by a $4.3 million investment gain. A new $75 million credit facility was also disclosed.
Key Events · Earnings and Guidance · TATT
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Q2 Revenue Up 22.8%
Revenue reached $52.9 million, driven by a 38.5% surge in MRO services for aviation components. Products revenue grew 23% to $15.3 million.
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Net Income More Than Doubles
Net income hit $8.1 million ($0.62 per share), up from $3.4 million a year ago. Excluding a $4.3 million gain on sale of an equity investment, operating income still rose 27% to $5.6 million.
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New $75M Credit Facility Secured
On June 4, 2026, the company entered a $75 million revolving credit facility, refinancing $10.9 million of existing debt. As of June 30, $11.5 million was drawn, leaving $88.5 million available.
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Strong Cash Position
Cash and equivalents stood at $54.6 million at quarter-end, up from $51.3 million at year-end 2025, providing ample liquidity for operations and growth investments.
Analysis · TATT · Manufacturing
A strong second quarter saw TAT Technologies lift revenue 22.8% year-over-year to $52.9 million, while net income surged 134.5% to $8.1 million. The bottom line benefited from a $4.3 million gain on the sale of an equity investment, yet even stripping out that one-time item, operating income still advanced 27% to $5.6 million. Liquidity also got a boost: a new $75 million revolving credit facility, signed on June 4, 2026, refinanced prior debt and left $88.5 million available for future needs. With $54.6 million in cash and a clean balance sheet, the company is well-positioned to fund growth, though the geopolitical backdrop in Israel remains a risk to monitor.
At the time of this filing, TATT was trading at $44.59 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.