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 March 2007
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 Fourth Quarter 2006 Results;
Net Profit for the 4th Quarter Increases by 69% Compared to 4th
Quarter in 2005 dated March 28, 2007.
ITEM 1
Press Release Source: TAT Technologies Ltd
TAT Technologies Reports Fourth Quarter 2006 Results; Net Profit for the 4th
Quarter Increases by 69% Compared to 4th Quarter in 2005
Wednesday March 28, 9:53 am ET
GEDERA, Israel, March 28 /PRNewswire-FirstCall/ -- TAT Technologies Ltd.(NASDAQ:
TATTF; NMS: TATTF), 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 US$1,661,906 on revenues of US$23,758,990 in the
fourth quarter ended December 31, 2006 compared to a net profit of US$982,235 on
sales of US$ 17,439,955 for the same period of 2005.
For the year ended December 31, 2006 the company reported a net profit of
US$6,073,170 on revenues of US$77,532,879 compared to a net profit of
US$3,528,767 on revenues of US$49,139,445 for the same period of 2005.
The revenues in 2006 (US$ 77,532,879) increased by 57.6% compared to revenues in
2005 (US$49,193,445).
The net profit (US$ 6,073,170) represents an increase of 72.1% compared to the
net profit in 2005 (US$3,528,767).
The changes in revenues and net profit are mainly due to increase in our repair
and overhaul activities in the USA through our subsidiaries there and
particularly in Piedmont Aviation Component Services.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the company
manufactures and overhauls aircraft accessories and systems such as pumps,
valves, Power Systems, Turbines, etc.
TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Thousands U.S US$, Unaudited)
Three Months Ended Year Ended
December 31 December 31
2006 2005 2006 2005
( US$) (US$) (US$)
Revenues 23,759 17,440 77,533 49,193
Gross Profit 5,355 3,984 19,894 13,601
Income from Operations
before Income Taxes 2,590 1,539 9,321 5,664
Income Tax 928 557 3,248 2,135
Net Income 1,662 982 6,073 3,529
Earnings Per Share US$ 0.275 0.16 US$ 1.05 0.58
Weighed Average Shares
Outstanding 6,042,671 6,042,671 6,042,671 6,042,671
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: March 28, 2007