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SEGMENT INFORMATION | 9 Months Ended
--- | ---
Sep. 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 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.
| 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:
|  | Nine Months Ended September 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 |  | $ | 30,091 |  |  | $ | 33,371 |  |  | $ | 61,274 |  |  | $ | 6,745 |  |  | $ | - |  |  | $ | 131,481 |
Revenues - internal |  |  | 497 |  |  |  | 1,506 |  |  |  | - |  |  |  | - |  |  |  | (2,003 | ) |  |  | - |
Cost of revenues |  |  | 21,269 |  |  |  | 25,466 |  |  |  | 50,891 |  |  |  | 3,591 |  |  |  | (2,116 | ) |  |  | 99,101 |
Gross profit |  |  | 9,319 |  |  |  | 9,411 |  |  |  | 10,383 |  |  |  | 3,154 |  |  |  | 113 |  |  |  | 32,380 |
Research and development |  |  | 391 |  |  |  | 494 |  |  |  | - |  |  |  | 2 |  |  |  | - |  |  |  | 887 |
Selling and marketing |  |  | 1,249 |  |  |  | 1,716 |  |  |  | 2,722 |  |  |  | 419 |  |  |  | - |  |  |  | 6,106 |
General and administrative |  |  | 4,106 |  |  |  | 2,594 |  |  |  | 4,337 |  |  |  | 485 |  |  |  | - |  |  |  | 11,522 |
Operating income |  |  | 3,573 |  |  |  | 4,607 |  |  |  | 3,324 |  |  |  | 2,248 |  |  |  | 113 |  |  |  | 13,865 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,128 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 12,737 |
|  | Nine Months Ended September 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 |  | $ | 27,519 |  |  | $ | 30,239 |  |  | $ | 47,808 |  |  | $ | 5,506 |  |  | $ | - |  |  | $ | 111,072 |
Revenues - internal |  |  | 782 |  |  |  | 1,709 |  |  |  | - |  |  |  | - |  |  |  | (2,491 | ) |  |  | - |
Cost of revenues |  |  | 18,400 |  |  |  | 26,884 |  |  |  | 41,736 |  |  |  | 3,127 |  |  |  | (2,606 | ) |  |  | 87,541 |
Gross profit |  |  | 9,901 |  |  |  | 5,064 |  |  |  | 6,072 |  |  |  | 2,379 |  |  |  | 115 |  |  |  | 23,531 |
Research and development |  |  | 288 |  |  |  | 239 |  |  |  | 383 |  |  |  | 36 |  |  |  | - |  |  |  | 946 |
Selling and marketing |  |  | 1,685 |  |  |  | 1,489 |  |  |  | 2,170 |  |  |  | 303 |  |  |  | - |  |  |  | 5,647 |
General and administrative |  |  | 2,638 |  |  |  | 2,306 |  |  |  | 3,647 |  |  |  | 349 |  |  |  | - |  |  |  | 8,940 |
Other segment income |  |  | - |  |  |  | (2 | ) |  |  | (388 | ) |  |  | - |  |  |  | - |  |  |  | (390 | )
Operating income |  |  | 5,290 |  |  |  | 1,032 |  |  |  | 260 |  |  |  | 1,691 |  |  |  | 115 |  |  |  | 8,388 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,491 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,897 |
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 September 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 |  | $ | 10,397 |  |  | $ | 10,550 |  |  | $ | 22,980 |  |  | $ | 2,308 |  |  | $ | - |  |  | $ | 46,235 |
Revenues - internal |  |  | 160 |  |  |  | 608 |  |  |  | - |  |  |  | - |  |  |  | (768 | ) |  |  | - |
Cost of revenues |  |  | 7,382 |  |  |  | 8,504 |  |  |  | 18,146 |  |  |  | 1,400 |  |  |  | (798 | ) |  |  | 34,634 |
Gross profit |  |  | 3,175 |  |  |  | 2,654 |  |  |  | 4,834 |  |  |  | 908 |  |  |  | 30 |  |  |  | 11,601 |
Research and development |  |  | 73 |  |  |  | 180 |  |  |  | - |  |  |  | 70 |  |  |  | - |  |  |  | 323 |
Selling and marketing |  |  | 345 |  |  |  | 580 |  |  |  | 925 |  |  |  | 143 |  |  |  | - |  |  |  | 1,993 |
General and administrative |  |  | 1,626 |  |  |  | 856 |  |  |  | 1,378 |  |  |  | 165 |  |  |  | - |  |  |  | 4,025 |
Operating income |  |  | 1,131 |  |  |  | 1,038 |  |  |  | 2,531 |  |  |  | 530 |  |  |  | 30 |  |  |  | 5,260 |
Financial income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 5,290 |
|  | Three Months Ended September 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 |  | $ | 9,138 |  |  | $ | 10,779 |  |  | $ | 18,645 |  |  | $ | 1,897 |  |  | $ | - |  |  | $ | 40,459 |
Revenues - internal |  |  | 275 |  |  |  | 210 |  |  |  | - |  |  |  | - |  |  |  | (485 | ) |  |  | - |
Cost of revenues |  |  | 6,125 |  |  |  | 9,252 |  |  |  | 16,341 |  |  |  | 733 |  |  |  | (473 | ) |  |  | 31,978 |
Gross profit |  |  | 3,288 |  |  |  | 1,737 |  |  |  | 2,304 |  |  |  | 1,164 |  |  |  | (12 | ) |  |  | 8,481 |
Research and development |  |  | 82 |  |  |  | 83 |  |  |  | 156 |  |  |  | 5 |  |  |  | - |  |  |  | 326 |
Selling and marketing |  |  | 561 |  |  |  | 525 |  |  |  | 793 |  |  |  | 115 |  |  |  | - |  |  |  | 1,994 |
General and administrative |  |  | 633 |  |  |  | 633 |  |  |  | 1,359 |  |  |  | 90 |  |  |  | - |  |  |  | 2,715 |
Operating income |  |  | 2,012 |  |  |  | 496 |  |  |  | (4 | ) |  |  | 954 |  |  |  | (12 | ) |  |  | 3,446 |
Financial expenses, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 735 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,711 |
| c. | The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:
|  | Nine Months Ended September 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 |  | $ | 76,199 |  |  | $ | 45,533 |  |  | $ | 93,496 |  |  | $ | 10,302 |  |  | $ | (1,395 | ) |  | $ | 224,135 |
Depreciation and amortization |  |  | 648 |  |  |  | 822 |  |  |  | 2,147 |  |  |  | 265 |  |  |  | (120 | ) |  |  | 3,762 |
Expenditure for segment assets |  |  | 2,154 |  |  |  | 571 |  |  |  | 5,990 |  |  |  | 195 |  |  |  | - |  |  |  | 8,910 |
|  | 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 |

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- Definition The entire disclosure for reporting segments including data and tables. 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