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Stock impact report

TAT Technologies Grows Revenue by 35%, Increases Net Income by 33% and Adjusted EBITDA by 70% for the Third Quarter of 2024

TAT Technologies Ltd. - Ordinary Shares (TATT) 
US:NASDAQ Investor Relations: tat-technologies.com/contact-us.html
Company Research Source: PR Newswire
Company Delivers 8th Consecutive Quarter of Expanding RevenuesCompany will host a webcast to review its financial results and provide a business updateNETANYA, Israel, Nov. 18, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) ("TAT" or the "Company"), a leading provider of products and services to the commercial and military aerospace and ground defense industries, today reported its unaudited results for the three and nine months ended September 30, 2024 (Q3'24).Financial Highlights for Third Quarter and First Nine Months of 2024:Revenues increased by 35.2% to $40.5 million in Q3'24 vs. $29.9 million for Q3'23. Year-to-date revenues increased by 36% to $111.1 million compared to $82.0 million for the same period last year.Gross profit increased by 45.9% to $8.5 million (21% as a percentage of revenues) in Q3'24 compared to $5.8 million (19.4% as a percentage of revenues) for Q3'23. Year-to-date gross profit increased by 51.8% to $23.5 million (21.2% as a percentage of revenu Show less Read more
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