Key Highlights

  • Shares are trading up 20.91% at $38.45 versus a prior close of $31.80.
  • Revenue rose 20.2% to a record $55.6 million.
  • Adjusted EBITDA rose 60.9% to a record $10.9 million.

TAT Technologies (NASDAQ:TATT) shares are trading up 20.91% at $38.45 after the aerospace supplier reported record third-quarter 2026 Revenue and adjusted EBITDA. The stock remains well below its 52-week high of $64.50 and above the 52-week low of $30.47.

TAT supplies products and services to commercial and military aerospace and ground defense customers, including heat transfer solutions, aviation accessories and maintenance, repair and overhaul work on components such as landing gear and auxiliary power units. It is run from Charlotte, North Carolina.

Record Revenue and Margins Headline the Quarter

Revenue rose 20.2% to $55.6 million from $46.2 million, and Gross Profit climbed 48.2% to $17.2 million, a 30.9% Margin versus 25.1% a year earlier. Operating Income increased 71.8% to $9.0 million. Adjusted EBITDA reached $10.9 million, a record 19.6% margin.

Net income was $7.7 million, or $0.58 per diluted share, compared with $4.8 million, or $0.37, a year earlier. Nine-month revenue rose 13.8% to $149.6 million. Management attributed the results to strong customer demand, an improved product mix and greater operational efficiency.

Inventory Build for Long-Term Agreements Trims Operating Cash Flow

Cash flow from operations was $3.8 million in the quarter versus $7.5 million a year earlier, as inventory rose $10.6 million to support the ramp-up of long-term agreements, including an expanded agreement with a long-time customer. Over nine months, Operating Cash Flow was $5.2 million versus $9.4 million, with inventory up $20.5 million.

$577 Million Backlog Frames the Fourth-Quarter Outlook

Backlog and long-term agreements totaled about $577 million at September 30, and management said the company enters the final quarter with strong momentum. Nine-month adjusted EBITDA of $27.4 million includes a one-time $4.3 million gain from the sale of an Equity investment; excluding it, the figure was $23.0 million.