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 May 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 First Quarter 2006 Results
dated May 30, 2006.
ITEM 1
Press Release Source: TAT Technologies Ltd.
TAT Technologies Reports First Quarter 2006 Results
Tuesday May 30, 9:33 am ET
Increase of 96% in Revenues and 70% in Net Profit
Pre-Tax for the First Quarter 2006
GEDERA, Israel, May 30 /PRNewswire-FirstCall/ -- TAT Technologies limited
(NASDAQ/NMS: TATTF - News), which is engaged in the manufacturing, repairs and
overhauls of heat transfer equipment and other various accessories mainly used
in aircraft, reported today a net profit of $2,044,394 on revenues of
$16,407,030 in the first quarter ended March 31, 2006 compared to a net profit
before tax of $1,205,107 on sales of $ 8,389,151 for the same period of 2005.
The Company's revenue for the quarter ($16,407,030) has increased 96% compared
to revenues for the first quarter in 2005 ($8,389,151).
The net profit before tax, for the quarter ($2,044,394) increased 70% compared
to net profit for the first quarter in 2005 ($1,205,107).
The net profit after tax for the quarter ($1,254,916) increased 59% compared to
the net profit after tax for the first quarter of 2005 ($788,350).
The increase in revenues and profit is mainly due to the acquisition of Piedmont
Aviation Component Services, LLC which contributed more than $8,000,000 to sales
and due to the efficiency measures applied by the company since its acquisition.
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.
AT THE COMPANY
Mr. Israel Ofen
Executive Vice-President and Chief Financial Officer
+972-8-859-5411
TAT TECHNOLOGIES LTD.
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in Thousands U.S $, Unaudited)
Three Months Ended
March 31
2005 2006
Revenues 8,389 16,407
Gross Profit 2,652 4,420
Income from Operations
before Income Taxes And
Minority Share in
Subsidiary 1,184 1,971
Other Income 21 73
Net Income before tax 1,205 2,044
Income tax 417 789
Net income after tax 788 1,255
Earnings Per Share - $ 0.13 0.21
Weighed Average Shares 6,042,671 6,042,671
Outstanding
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.
(Registrant)
By: /s/Israel Ofen
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Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: May 30, 2006