16 May 2014
TAT Technologies Ltd. (NASDAQ: TATT) said it has reported financial highlights for the first quarter of 2014.
Total revenue was USD18.4m compared to USD19.6m for the first quarter of 2013. Operating income wa USD0.4m compared to USD1.7m for the first quarter of 2013. Net income was USD0.4m compared to USD1.7m for the first quarter of 2013.
Earnings per share totaled USD0.05 per share compared to USD0.19 per share in the first quarter of 2013.
Cash and cash equivalents and short-term bank deposits totaled USD35.2m compared to USD29.9m as of December 31, 2013.
TAT Technologies LTD is a provider of services and products to the commercial and military aerospace and ground defense industries. Its website is at www.tat-technologies.com