SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2006
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-_________
TAT Technologies Ltd.
6-K Items
1. Press Release re TAT Technologies Reports Second Quarter 2006 Results
dated August 29, 2006.
ITEM 1
Press Release Source: TAT Technologies Ltd
TAT Technologies Reports Second Quarter 2006 Results
Tuesday August 29, 9:30 am ET
GEDERA, Israel, August 29 /PRNewswire-FirstCall/ -- TAT Technologies limited
(NASDAQ/NMS: TATTF - News), which is engaged in the manufacture, repair and
overhaul of heat transfer equipment and other various accessories mainly in
aircraft, reported today a net profit of $1,481,048 on sales of $18,390,129 in
the second quarter ended June 30, 2006 compared to a net profit of $898,263 on
sales of $ 8,960,969 for the same period of 2005.
For the first six months the company reported a net profit of $2,735,964 on sale
of $34,797,159 compared to a net profit of $1,686,613 on sale of $17,350,120 for
the same period of 2005.
The company's revenues for the quarter ($18,390,129) have increased by 105%
compared to revenues for the second quarter in 2005 ($8,960,969).
The net profit for the quarter ($1,481,048) increased by 65% compared to net
profit for the second quarter in 2005 ($898,263).
The increase in revenues and profit is mainly due to the acquisition of Piedmont
Aviation Component Services, LLC which contributed more than $9,000,000 to sales
and due to the efficiency measures applied by the Company since its acquisition.
We would like to mention that as from the third quarter of 2005 the Company has
included in its financial reports the results of Piedmont Aviation Component
Services (PACS) which was bought by the Company as of July 1, 2005.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the company
manufactures aircraft accessories and systems such as pumps, valves, Power
Systems, Turbines and overhauls aircraft Auxiliary Power Units (APUs), landing
gears and propellors.
TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Thousands U.S $, Unaudited)
Six Months Ended Three Months Ended
June 30 June 30
2005 2006 2005 2006
($) ($) ($) ($)
Revenues 17,350 34,797 8,961 18,390
Gross Profit 5,776 9,338 3,124 4,847
Income from Operations 2,772 4,175 1,566 2,131
before Income Taxes
Income Tax 1,085 1,439 668 650
Net Income 1,687 2,736 898 1,481
Earnings Per Share $ 0.28 $ 0.45 $ 0.15 $ 0.245
Weighed Average Shares 6,042,671 6,042,671 6,042,671 6,042,671
Outstanding
AT THE COMPANY
Mr. Israel Ofen
Executive Vice-President and Chief Financial Officer
+972-8-859-5411
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TAT TECHNOLOGIES LTD.
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(Registrant)
By: /s/Israel Ofen
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Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: August 29, 2006