XML 25 R16.htm IDEA: XBRL DOCUMENT
v3.25.2

SEGMENT INFORMATION | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | NOTE 7 - SEGMENT INFORMATION
| a. | 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 evaluate segment performance and allocate 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.
| b. | 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:
|  | Six Months Ended June 30, 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 |  | $ | 19,694 |  |  | $ | 22,820 |  |  | $ | 38,294 |  |  | $ | 4,438 |  |  | $ | - |  |  | $ | 85,246 |
Revenues - internal |  |  | 390 |  |  |  | 845 |  |  |  | - |  |  |  | - |  |  |  | (1,235 | ) |  |  | - |
Cost of revenues |  |  | 13,887 |  |  |  | 16,962 |  |  |  | 32,745 |  |  |  | 2,191 |  |  |  | (1,318 | ) |  |  | 64,467 |
Gross profit |  |  | 6,197 |  |  |  | 6,703 |  |  |  | 5,549 |  |  |  | 2,247 |  |  |  | 83 |  |  |  | 20,779 |
Research and development |  |  | 320 |  |  |  | 312 |  |  |  | - |  |  |  | (68 | ) |  |  | - |  |  |  | 564 |
Selling and marketing |  |  | 903 |  |  |  | 1,136 |  |  |  | 1,797 |  |  |  | 277 |  |  |  | - |  |  |  | 4,113 |
General and administrative |  |  | 2,480 |  |  |  | 1,739 |  |  |  | 2,958 |  |  |  | 320 |  |  |  | - |  |  |  | 7,497 |
Operating income |  | $ | 2,494 |  |  | $ | 3,516 |  |  | $ | 794 |  |  | $ | 1,718 |  |  | $ | 83 |  |  |  | 8,605 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,158 | )
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 7,447 |
|  | Six Months Ended June 30, 2024 |
|  | 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 |  | $ | 18,382 |  |  | $ | 19,459 |  |  | $ | 29,163 |  |  | $ | 3,609 |  |  | $ | - |  |  | $ | 70,613 |
Revenues - internal |  |  | 507 |  |  |  | 1,499 |  |  |  | - |  |  |  | - |  |  |  | (2,006 | ) |  |  | - |
Cost of revenues |  |  | 12,275 |  |  |  | 17,632 |  |  |  | 25,396 |  |  |  | 2,186 |  |  |  | (1,926 | ) |  |  | 55,563 |
Gross profit |  |  | 6,614 |  |  |  | 3,326 |  |  |  | 3,767 |  |  |  | 1,423 |  |  |  | (80 | ) |  |  | 15,050 |
Research and development |  |  | 206 |  |  |  | 155 |  |  |  | 227 |  |  |  | 32 |  |  |  | - |  |  |  | 620 |
Selling and marketing |  |  | 1,124 |  |  |  | 964 |  |  |  | 1,377 |  |  |  | 188 |  |  |  | - |  |  |  | 3,653 |
General and administrative |  |  | 2,004 |  |  |  | 1,673 |  |  |  | 2,289 |  |  |  | 259 |  |  |  | - |  |  |  | 6,225 |
Other segment expenses (income) |  |  | - |  |  |  | (2 | ) |  |  | (388 | ) |  |  | - |  |  |  |  |  |  |  | (390 | )
Operating income |  | $ | 3,280 |  |  | $ | 536 |  |  | $ | 262 |  |  | $ | 944 |  |  | $ | (80 | ) |  |  | 4,942 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (756 | )
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,186 |
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 June 30, 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 |  | $ | 9,608 |  |  | $ | 11,248 |  |  | $ | 19,996 |  |  | $ | 2,252 |  |  | $ | - |  |  | $ | 43,104 |
Revenues - internal |  |  | 53 |  |  |  | 277 |  |  |  | - |  |  |  | - |  |  |  | (330 | ) |  |  | - |
Cost of revenues |  |  | 6,714 |  |  |  | 8,139 |  |  |  | 16,700 |  |  |  | 1,083 |  |  |  | (357 | ) |  |  | 32,279 |
Gross profit |  |  | 2,947 |  |  |  | 3,386 |  |  |  | 3,296 |  |  |  | 1,169 |  |  |  | 27 |  |  |  | 10,825 |
Research and development |  |  | 171 |  |  |  | 172 |  |  |  | - |  |  |  | (103 | ) |  |  | - |  |  |  | 240 |
Selling and marketing |  |  | 452 |  |  |  | 582 |  |  |  | 1,009 |  |  |  | 142 |  |  |  | - |  |  |  | 2,185 |
General and administrative |  |  | 1,403 |  |  |  | 944 |  |  |  | 1,455 |  |  |  | 163 |  |  |  | - |  |  |  | 3,965 |
Operating income |  | $ | 921 |  |  | $ | 1,688 |  |  | $ | 832 |  |  | $ | 967 |  |  | $ | 27 |  |  |  | 4,435 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,100 | )
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,335 |
|  | Three Months Ended June 30, 2024 |
|  | 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 |  | $ | 9,367 |  |  | $ | 10,220 |  |  | $ | 15,191 |  |  | $ | 1,747 |  |  | $ | - |  |  | $ | 36,525 |
Revenues - internal |  |  | 222 |  |  |  | 728 |  |  |  |  |  |  |  |  |  |  |  | (950 | ) |  |  |  |
Cost of revenues |  |  | 5,936 |  |  |  | 9,497 |  |  |  | 12,832 |  |  |  | 1,101 |  |  |  | (825 | ) |  |  | 28,541 |
Gross profit |  |  | 3,653 |  |  |  | 1,451 |  |  |  | 2,359 |  |  |  | 646 |  |  |  | (125 | ) |  |  | 7,984 |
Research and development |  |  | 96 |  |  |  | 91 |  |  |  | 128 |  |  |  | 28 |  |  |  | - |  |  |  | 343 |
Selling and marketing |  |  | 470 |  |  |  | 590 |  |  |  | 813 |  |  |  | 120 |  |  |  | - |  |  |  | 1993 |
General and administrative |  |  | 968 |  |  |  | 757 |  |  |  | 1,127 |  |  |  | 64 |  |  |  | - |  |  |  | 2,916 |
Other segment expenses (income) |  |  | (2 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  | (2 | )
Operating income |  | $ | 2,121 |  |  | $ | 13 |  |  | $ | 291 |  |  | $ | 434 |  |  | $ | (125 | ) |  |  | 2,734 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (307 | )
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,427 |
| c. | The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:
|  | Six Months Ended June 30, 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 |  | $ | 73,499 |  |  | $ | 43,516 |  |  | $ | 87,423 |  |  | $ | 11,033 |  |  | $ | (1,836 | ) |  | $ | 213,635 |
Depreciation and amortization |  |  | 408 |  |  |  | 543 |  |  |  | 1,466 |  |  |  | 175 |  |  |  | (79 | ) |  |  | 2,513 |
Expenditure for segment assets |  |  | 1,502 |  |  |  | 332 |  |  |  | 4,167 |  |  |  | 164 |  |  |  | - |  |  |  | 6,165 |
|  | Year Ended December 31, 2024 |
|  | 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 |  | $ | 33,726 |  |  | $ | 40,698 |  |  | $ | 80,014 |  |  | $ | 10,182 |  |  | $ | (1,258 | ) |  | $ | 163,362 |
Depreciation and amortization |  |  | 642 |  |  |  | 1,040 |  |  |  | 3,412 |  |  |  | 388 |  |  |  | (27 | ) |  |  | 5,455 |
Expenditure for segment assets |  |  | 1,972 |  |  |  | 1,124 |  |  |  | 1,347 |  |  |  | 683 |  |  |  | - |  |  |  | 5,126 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration