v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION
NOTE 6 - SEGMENT INFORMATION
 
Segment Activities Disclosure:
 
TAT operates under four segments: (i) OEM of heat transfer solutions and aviation accessories mainly through its Kiryat Gat facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components (mainly APU and LG) through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary.
 
  ◾
OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board of commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.
 
  ◾
MRO services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.
 
  ◾
MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components, as well as APU lease activity. TAT’s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.
 
  ◾
TAT’s activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.
 
The Group’s chief operating decision-maker ("CODM") is the CEO of the Company. The CODM evaluates segment performance and allocates the Company’s resources, the CODM uses segment measures of revenue, gross profit, operating income and total assets. The CODM reviews budget-to-actual variances of both profit measures on a monthly basis when making decisions about allocation of the Company’s resources to the segments.
Segments statement operations disclosure:
 
The following financial information is the information that CODM uses for analyzing the segment results. The following financial information is a summary of the operating income of each operational segment:
 
   
Three Months Ended March 31, 2026
        
   
OEM of Heat Transfer Solutions and Aviation Accessories
    
MRO Services for heat transfer components and OEM of heat transfer solutions
    
MRO services for Aviation Components and Lease
    
 
Overhaul and coating of jet engine components
    
Elimination of inter-Company sales
    
Consolidated
  
                                     
Revenues - external
  
$
10,698
    
$
11,031
    
$
16,862
    
$
2,556
    
$
-
    
$
41,147
  
Revenues - internal
    
42
      
92
      
11
      
-
      
(145
)
    
-
  
                                                 
Cost of revenues
    
7,722
      
7,593
      
14,465
      
1,539
      
(203
)
    
31,116
  
Gross profit
    
3,018
      
3,530
      
2,408
      
1,017
      
58
      
10,031
  
                                                 
Research and development
    
251
      
250
      
-
      
70
      
-
      
571
  
Selling and marketing
    
679
      
502
      
831
      
170
      
-
      
2,182
  
General and administrative
    
1,356
      
1,096
      
1,585
      
256
      
-
      
4,293
  
Operating income
    
732
      
1,682
      
(8
)
    
521
      
58
      
2,985
  
                                                 
Financial (income) expenses, net
    
(764
)
    
102
      
653
      
(30
)
    
-
      
(39
)
Income before taxes
  
$
1,496
    
$
1,580
    
$
(661
)
  
$
551
    
$
58
    
$
3,024
  

 

   
Three Months Ended March 31, 2025
  
   
OEM of Heat Transfer Solutions and Aviation Accessories
    
MRO Services for heat transfer components and OEM of heat transfer solutions
    
MRO services
for Aviation
Components
and Lease
    
 
Overhaul and
coating of jet
engine
components
    
Elimination of
inter-Company
sales
    
Consolidated
  
                                                 
Revenues - external
  
$
9,750
    
$
11,909
    
$
18,298
    
$
2,185
    
$
-
    
$
42,142
  
Revenues - internal
    
337
      
568
      
-
      
-
      
(905
)
    
-
  
                                                 
Cost of revenues
    
7,173
      
8,823
      
16,045
      
1,107
      
(960
)
    
32,188
  
Gross profit
    
2,914
      
3,654
      
2,253
      
1,078
      
55
      
9,954
  
                                                 
Research and development
    
149
      
140
      
-
      
35
       -      
324
  
Selling and marketing
    
451
      
554
      
788
      
135
       -      
1,928
  
General and administrative
    
1,076
      
795
      
1,504
      
157
       -      
3,532
  
Operating income
    
1,238
      
2,165
      
(39
)
    
751
      
55
      
4,170
  
                                                 
Financial expenses, net
    
(718
)
    
150
      
630
      
(4
)
    
-
      
58
  
Income before taxes
  
$
1,956
    
$
2,015
    
$
(669
)
  
$
755
    
$
55
    
$
4,112
  

 

The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:
 
   
Three Months Ended March 31, 2026
  
   
OEM of Heat Transfer Solutions and Aviation Accessories
    
MRO Services for heat transfer components and OEM of heat transfer solutions
    
MRO services for Aviation Components and Lease
    
Overhaul and coating of jet engine components
    
Amounts not allocated to segments
    
Consolidated
  
                                     
Total assets
  
$
80,108
    
$
47,565
    
$
94,967
    
$
11,139
    
$
(972
)
  
$
232,807
  
Depreciation and amortization
    
252
      
291
      
721
      
89
      
(40
)
    
1,313
  
Expenditure for segment assets
    
632
      
113
      
638
      
37
      
-
      
1,420
  
 
   
Year Ended December 31, 2025
  
   
OEM of Heat Transfer Solutions and Aviation Accessories
    
MRO Services for heat transfer components and OEM of heat transfer solutions
    
MRO services for Aviation Components and Lease
    
Overhaul and coating of jet engine components
    
Amounts not allocated to segments
    
Consolidated
  
                                     
Total assets
  
$
78,541
    
$
45,305
    
$
93,473
    
$
10,321
    
$
(911
)
  
$
226,729
  
Depreciation and amortization
    
905
      
1,107
      
2,894
      
356
      
(161
)
    
5,101
  
Expenditure for segment assets
    
3,179
      
839
      
7,180
      
225
      
-
      
11,423