GEDERA, Israel, March 22, 2012 /PRNewswire/ --
TAT Technologies Ltd. (NASDAQ: TAT), a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported today its results for the three month and twelve month periods ended December 31, 2011.
TAT announced revenues of $23.4 million and net income of $0.1 million for the three months ended December 31, 2011 compared to similar revenues of $23.8 million with a net loss of $3.1 million for the three months ended December 31, 2010.During the fourth quarter of 2011, total revenues were impacted by (i) the increase in revenues in the Heat Transfer Services and Products operating segment; and (ii) the increase in revenues in the MRO Services for Aviation Components operating segment; offset by (iii) the decrease in revenues in the OEM of Heat Management Solutions operating segment; and (iv) the decrease in revenues in the OEM of Electric Motion Systems operating segment. Revenue breakdown by the operating segments for the three-month and twelve-month periods ended December 31, 2011 and 2010, respectively, was as follows:
Three Months Ended December 31, 2011 2010 % of Revenues % of Revenues % of Change in Total in Total Between Thousands Revenues Thousands Revenues Periods Unaudited Unaudited Revenues OEM of Heat Management Solutions $ 8,424 36.0% $ 9,021 37.9% (6.6)% Heat Transfer Services and Products * 7,638 32.7% 6,872 28.9% 11.1% MRO services for Aviation Components * 5,343 22.8% 4,630 19.4% 15.4% OEM of Electric Motion Systems 3,103 13.3% 4,480 18.8% (30.7)% Eliminations (1,118) (4.8)% (1,186) (5.0)% (5.7)% Total revenues $ 23,390 100.0% $ 23,817 100.0% (1.8)%
Twelve Months Ended December 31, 2011 2010 % of Revenues % of Revenues % of Change in Total in Total Between Thousands Revenues Thousands Revenues Periods Unaudited Unaudited Revenues OEM of Heat Management Solutions $ 30,020 35.2% $ 29,651 37.2% 1.2% Heat Transfer Services and Products * 27,603 32.3% 24,469 30.7% 12.8% MRO services for Aviation Components * 20,146 23.6% 16,332 20.4% 23.4% OEM of Electric Motion Systems 11,658 13.6% 13,046 16.4% (10.6)% Eliminations (4,030) (4.7)% (3,743) (4.7)% 7.7% Total revenues $ 85,397 100.0% $ 79,755 100.0% 7.1%
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV