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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 [Yahoo! Finance]

TAT Technologies Ltd. - Ordinary Shares (TATT) 
US:NASDAQ Investor Relations: tat-technologies.com/contact-us.html
Company Research Source: Yahoo! Finance
NETANYA, 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 revenues) vs. $15.5 million (18.9% as a percentage of revenues) for the same period last year. Net lncome increased by 33% to $2.9 million , or 6 Show less Read more
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