SATURDAY, MAY 03, 2025 PlayLoading... From January 1 to April 20, Thailand saw 11.2 million foreign visitors, generating about 540 billion baht in revenue — a 0.52% increase year-on-year.Prime Minister Paetongtarn Shinawatra on Saturday called a meeting with the Ministry of Tourism and Sports and the Tourism Authority of Thailand (TAT) to discuss measures to stimulate tourism, especially during the upcoming low season, as current tourism numbers have not met expectations due to several factors. Paetongtarn stated that the recent tourism figures have fallen short of targets, due to external factors such as the global economy, and internal issues such as recent earthquakes and domestic rumors affecting Chinese tourist confidence. These are key challenges the government must address with appropriate response measures. “One major point of concern is that the current quarter marks the beginning of the low season. In the long term, the government is pursuing the creation of man-made destinations, but in the short term, other urgent measures are needed,” she said. These measures may include tourism campaigns, collaborative promotions with online platforms, and partnerships across various sectors, she added. Sorawong Thienthong, Minister of Tourism and Sports, proposed the “Let’s Go Halves” scheme for tourism, where the government would cover 50% of domestic travel expenses, and the public would pay the other 50%. A preliminary framework has been presented to and approved by the Prime Minister. Sorawong added that the ministry is currently reviewing details on how people will register and redeem benefits, and what channels should be used. The “TukTuk” app has entered discussions as a potential platform, though an open-access system is also being considered. “The goal is to finalize all operational details before submitting the proposal to the Cabinet for approval by mid-May 2025,” he said. “The budget, previously discussed with the Ministry of Finance, is set at 3.5 billion baht. The project’s launch has been pushed from May to June 2025 to better align with the start of the low season.” From January 1 to April 20, Thailand saw 11.2 million foreign visitors, generating about 540 billion baht in revenue — a 0.52% increase year-on-year. Although Chinese tourist numbers declined after Songkran, mainly due to current travel conditions in and out of China, long-haul markets such as the UK and India have shown strong and consistent growth. The minister emphasized that China remains a key market, and he has instructed the ministry’s permanent secretary to hold meetings with industry stakeholders to devise strategies for reviving Chinese tourism. In the remainder of the year, especially during the low season, the ministry will continue promoting tourism through various campaigns, such as: BRN denies targeting civilians, calls for transparent investigation into Deep South violence  Cabinet delays 3rd phase of 10,000-baht handout pending input from govt agencies Thaksin case shifts politics, conservatives may rethink strategy Marketing Oops! Summit 2025 returns bigger than ever with new global & SME stages  April’s headline inflation falls 0.22% – first decrease in 13 months Like many of his neighbors near the Seattle waterfront Alex Smith keeps a close eye on the big container ships crossing Elliott Bay to and from the terminals at the Port of Seattle a retired marine components industry professional noticed fewer vessels coming through starting in mid-April he worried it was an “early warning system” for the effects of the widening U.S.-China trade dispute said of the possible economic costs as the two countries’ escalating tariffs have made trade much more expensive Retailers and consumers can’t get products Farmers and manufacturers lose foreign markets Smith is hardly alone in worrying about the economy in and around trade-reliant Puget Sound ever since new tariffs rolled out by President Donald Trump quickly escalated into a full-blown trade war Experts think it won’t be until May that the full impacts of a U.S.-China tariff tit-for-tat hit the ports of Seattle and Tacoma given the weekslong transit times between the sparring nations But port officials and port-dependent businesses are already feeling the early effects They’re also bracing for what could be a substantial decline not only in import and export activity That includes longshoremen who handle the cargo and truckers who haul goods into and out of the ports.  “One of my fears is that the local trucking community is going to be the first to be impacted by these changes” in cargo volumes chief operating officer at the Northwest Seaport Alliance which oversees marine cargo operations at both ports fears of a slowdown have been masked by a surge in so-called forward buying companies began importing extra inventory or shipping extra products overseas out of concern that then-candidate Trump would win reelection and make good on his campaign promises of high tariffs.  That forward buying continued in the first three months of this year the ports of Tacoma and Seattle handled nearly 666,000 inbound and outbound containers While it’s unclear how much of that extra volume was tied to forward buying “a significant portion of that is likely due to folks advancing orders with concerns about potential tariffs,” said Steve Balaski director of business development at the Northwest Seaport Alliance the period of forward buying appears to be giving way to a period of slow or even no buying especially since Trump raised tariffs on some Chinese goods to 145% earlier this month even as he has cut tariffs on many other countries Tariffs are essentially a tax on imported goods that is paid by importers which often pass along some or all of that cost to consumers Port officials said they were still analyzing vessel data and couldn’t yet say whether April had seen a marked decrease in vessel traffic Data from the Marine Exchange of Puget Sound shows the number of arriving container ships berthing at Seattle and Tacoma terminals from April 1 to April 24 was down 12% compared with the same period in 2024 Arrivals of ships carrying automobiles in April was down 36% the number of container vessels arriving or departing from Seattle and Tacoma between April 1 and April 15 was down around 27% compared with the first half of March and by around 24% from April 1-15 according to a Seattle-area marine services industry insider who asked to remain anonymous because they weren’t authorized to speak for the company says the drop is pretty clear to anyone actually looking at Elliott Bay Other factors that could reduce container traffic in Puget Sound include congestion-related delays at the port of Vancouver where many vessels stop before or after coming to Seattle and Tacoma the rise of larger container vessels is also lowering the number of sailings as is the industry’s “alliance” strategy where rivals share vessels to avoid half-full ships But April’s apparent lull on Puget Sound could foreshadow even steeper falls in traffic as the trade war continues.  many scheduled sailings by container vessels bound from other nations to U.S importers are deciding they can’t afford to pay the tariffs Media accounts have reported a 30% decline in scheduled sailings out of China for the U.S. which the alliance’s Balaski says is “a fair estimate for what we’re going to see” in terms of impacts on alliance operations which count on China for around 40% of imported volume a freight market data platform: from March 30 to April 21 ocean bookings for containers from international ports to Seattle or Tacoma fell around 29% Bookings into the two ports “took a big step down the week of March 30 beginning April 20 and continuing to the present day,” said JP Hampstead which owns the trade publication FreightWaves Because cargo vessels take several weeks to reach Seattle from Asia the major effects of that missing cargo won’t materialize until mid-May when the port expects volume to go “soft.” But some early ripples have already arrived.  a Seattle-based baby clothes company that relies heavily on imports from China paused a container shipment due this month after realizing the 145% tariff would add roughly $300,000 to the shipment’s original $200,000 cost we just don’t have that money sitting around,” Damir said Exporters are also feeling the chill of tariffs Seattle-Tacoma is one of the largest gateways for exports of hay and the largest for apples and frozen french fries All are vulnerable to China’s retaliatory tariffs which have made Chinese buyers less interested in U.S “We’ve had exporters actually coming to our terminals to pick up containers of product that they’d already delivered to be exported to China and they’re not going to ship them” due to the Chinese tariffs ”They’re just picking them up and taking them back and trying to find another home for them.” Adding to the pain is the uncertainty over how long the tariffs could last Trump has a pattern of suspending or lowering tariffs and media reports indicated he is also considering lowering tariffs on China he knows how global supply chains work and how hard they are to restart Even if the White House rolled back the tariffs tomorrow it would take weeks or months before flow of goods returns to normal “This pipeline has been shut off and it’s not like you can turn it back on and it starts up again in a day,” Smith said The opinions expressed in reader comments are those of the author only and do not reflect the opinions of The Seattle Times Stay secure and make sure you have the best reading experience possible by upgrading your browser “This is the hand of the man that the Democrats feel should be brought back to the United States, because he is such ‘a fine and innocent person,’” Trump wrote in a Truth Social post Friday even though he’s got MS-13 tattooed onto his knuckles.” The post included an image of Trump holding up a photo of a man’s fist with four symbols each accompanied by a tiny label: a marijuana leaf Above each symbol appeared the characters “M,” “S,” “1″ Trump has defied orders from a federal court and the Supreme Court to bring Abrego Garcia back to America after he was accidentally deported to a megaprison in El Salvador without due process pushing the unsubstantiated claim that Abrego Garcia is a member of MS-13 online sleuths are pointing out that both the labels and the characters were digitally added to the photo Trump posted—they aren’t actually part of the tattoo 🚨🚨🚨🚨 Trump has posted a fake picture of Abrego Garcia’s hand where they have photoshopped letters spelling MS-13 on his upper knuckles. Here is the original. It’s spreading all over MAGA media. pic.twitter.com/sUXetaAvsT This is an excellent example of altering a photo in this case to make your illegal actions look good Trump did not say that the photo had been digitally altered The White House did not immediately respond to the Daily Beast’s request for comment which were slightly misaligned from the characters were added to illustrate the president’s claim about what the tattoo represented Others, however, have questioned whether the tattoo actually represents MS-13 The president’s rationale for inferring this seemed to be that the first letters of marijuana and smiley correspond to “MS,” while the cross represents a “1″ and the skull’s three holes—two for the eyes Got a tip? Send it to The Daily Beast here 🚨🚨🚨🚨 Trump has posted a fake picture of Abrego Garcia’s hand where they have photoshopped letters spelling MS-13 on his upper knuckles. Here is the original. It’s spreading all over MAGA media. pic.twitter.com/sUXetaAvsT Reporting by Aida Pelaez-Fernandez; Editing by Anthony Esposito and Cynthia Osterman Our Standards: The Thomson Reuters Trust Principles., opens new tab , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved TAT Technologies Ltd. (NASDAQ:TATT - Get Free Report) saw a significant decrease in short interest during the month of April there was short interest totalling 10,200 shares a decrease of 15.7% from the March 31st total of 12,100 shares Approximately 0.1% of the shares of the company are sold short Based on an average daily volume of 86,700 shares the days-to-cover ratio is currently 0.1 days Hedge funds and other institutional investors have recently made changes to their positions in the company Renaissance Technologies LLC increased its stake in TAT Technologies by 6.6% in the fourth quarter Renaissance Technologies LLC now owns 189,301 shares of the aerospace company's stock valued at $4,861,000 after acquiring an additional 11,799 shares during the last quarter Wasatch Advisors LP acquired a new stake in shares of TAT Technologies in the 4th quarter valued at $4,349,000 Arrowstreet Capital Limited Partnership increased its stake in shares of TAT Technologies by 142.6% in the 4th quarter Arrowstreet Capital Limited Partnership now owns 39,109 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 22,987 shares during the last quarter Marshall Wace LLP acquired a new position in shares of TAT Technologies during the 4th quarter worth $444,000 lifted its position in shares of TAT Technologies by 7.9% during the 4th quarter now owns 14,993 shares of the aerospace company's stock worth $385,000 after buying an additional 1,100 shares during the last quarter 15.13% of the stock is currently owned by institutional investors and hedge funds Shares of NASDAQ TATT traded up $0.24 during midday trading on Monday The company's stock had a trading volume of 58,474 shares The company has a market cap of $323.28 million The company has a debt-to-equity ratio of 0.10 a quick ratio of 1.29 and a current ratio of 3.04 The business's 50 day moving average price is $26.94 and its two-hundred day moving average price is $25.64 TAT Technologies has a fifty-two week low of $11.78 and a fifty-two week high of $33.83 TAT Technologies (NASDAQ:TATT - Get Free Report) last issued its quarterly earnings results on Wednesday The aerospace company reported $0.32 EPS for the quarter topping analysts' consensus estimates of $0.29 by $0.03 TAT Technologies had a return on equity of 8.23% and a net margin of 5.58% The company had revenue of $38.00 million for the quarter compared to analysts' expectations of $38.00 million Several analysts recently issued reports on the company. StockNews.com upgraded TAT Technologies from a "hold" rating to a "buy" rating in a research note on Saturday Benchmark boosted their target price on shares of TAT Technologies from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday View Our Latest Research Report on TATT MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on.. While TAT Technologies currently has a Buy rating among analysts top-rated analysts believe these five stocks are better buys View The Five Stocks Here Wondering what the next stocks will be that hit it big Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools Complete your personal information for a more tailored experience for the best life sciences journalism in the industry By Renuka Rayasam and Sam Whitehead — KFF Health News The country’s top nonpartisan government watchdog has confirmed it is examining the costs of running the nation’s only active Medicaid work requirement program as Republican state and federal lawmakers consider similar requirements Government Accountability Office told KFF Health News that its analysis of the Georgia Pathways to Coverage program could be released this fall In its first 100 days, the Trump administration has said rooting out waste in federal programs was a priority allowing billionaire Elon Musk and the newly created Department of Government Efficiency broad latitude to fundamentally alter the operations of federal agencies Already have an account? Log in Already have an account? Log in Renuka Rayasam and Sam Whitehead — KFF Health News Renuka Rayasam is a senior correspondent and Sam Whitehead is a correspondent at KFF Health News a national newsroom that produces in-depth journalism about health issues Cut through the noise with our essential updates on health care politics and policy By Megan Molteni By Mario Aguilar By Daniel Payne By Helen Branswell Reporting from the frontiers of health and medicine Pakistan has officially barred Indian-flagged cargo vessels from entering its ports The decision came just hours after India imposed a series of punitive trade measures against Islamabad including a complete ban on goods from or routed through Pakistan and restrictions on Pakistani ships entering Indian ports The announcement by Pakistan’s Ministry of Maritime Affairs stated that all Indian flag carriers are now banned from docking at Pakistani ports and Pakistani vessels would also not be allowed at Indian ports The ministry said these steps are necessary to safeguard the country’s maritime sovereignty It also stated that any exception to this policy would be considered on a case-by-case basis India’s response to the Pahalgam attack- which killed 26 people The Indian authorities alleged Pakistan’s involvement in the assault though Islamabad has firmly rejected these claims calling them baseless and politically motivated Pakistan has instead demanded an international and transparent investigation into the incident India announced the suspension of all imports from Pakistan This new ban goes beyond the earlier 200% import duty imposed in 2019 after the Pulwama attack which had already largely halted direct trade India also barred Pakistani ships from entering its ports and prohibited Indian ships from traveling to Pakistani ports The Directorate General of Shipping in India confirmed that the port bans were implemented immediately to protect Indian cargo India has suspended the exchange of letters and mail with Pakistan through both air and land routes Defense attachés were recalled from Islamabad and visa exemptions granted under the SAARC agreement to Pakistani nationals were canceled India also announced the suspension of the 1960 Indus Waters Treaty a long-standing water-sharing agreement between the two countries Indian officials said the treaty’s suspension was justified by current security concerns stating that any interference with its water rights would be treated as an act of war and would trigger full retaliation Pakistan also reacted by closing its airspace to Indian flights and reaffirmed its intention to respond forcefully to any military or strategic provocation from India the Pakistani Army conducted a training launch of the Abdali surface-to-surface missile The military said the launch was aimed at testing the readiness of its forces and technical capabilities Indian officials called the move provocative Sri Lankan authorities searched a Colombo-bound flight from Chennai after receiving a tip that a suspect linked to the Pahalgam attack might be on board The national airline confirmed that the plane was thoroughly checked before being cleared for operations Indian investigators have identified four individuals they believe were involved in the attack India and Pakistan have fought three wars since 1947 two of which were over Kashmir- a region both countries claim but control in parts both sides have also exchanged fire across the Line of Control the de facto border in the disputed Himalayan region and Iran have appealed to both India and Pakistan to de-escalate and avoid a military confrontation Disclaimer : The information contained in this website is for general information purposes only While we endeavour to keep the information up to date and correct we make no representations or warranties of any kind suitability or availability with respect to the website or the information or related graphics contained on the website for any purpose Any reliance you place on such information is therefore strictly at your own risk In no event will we be liable for any loss or damage including without limitation or any loss or damage whatsoever arising from loss of data or profits arising out of Do you have info to share with us ? Suggest a correction Marine Insight News Network is a premier source for up-to-date and insightful coverage of the maritime industry Marine Insight News Network prides itself on delivering accurate Signup today and get maritime ebooks submitted to your inbox directly.  © 2010 - 2025 Marine Insight — All Rights Reserved We respect your privacy and take protecting it very seriously is strengthening its commitment to combating human trafficking by expanding its partnership with Truckers Against Trafficking (TAT) The initiative trains professional drivers to recognize and report signs of trafficking leveraging their unique ability to spot suspicious activity on the road Marathon has already trained more than 1,500 employees and contractors through TAT’s programs emphasizing the company’s dedication to safety and community well being The expanded collaboration aims to further enhance the impact of this effort by reaching more drivers within Marathon’s transportation network The company continues its commitment to addressing human trafficking through ongoing training contributing to the protection of vulnerable individuals and the promotion of public safety For more information, visit marathonpetroleum.com Pete and Philomena Corrova look out over the dining room at TAT Ristorante di Famiglia the way they might have 96 years ago when it first opened in another part of town Jimmy always said at least one member of the family should be in the restaurant from open to close The portraits and photos of the first two generations of Corrovas nephews and cousins who carry on the legacy today who run the place now at Livingston Avenue and James Road on the East Side the sauce is on the stove and its familiar warm and welcoming smell is in the air "You remember the smells," said Michelle Corrova but in a different way than their father did their dad would stand on a box to reach the cash register he left behind a football scholarship at the University of Notre Dame to come back to Columbus and TAT when his father got sick "He was never a kid," Marianne Corrova Kirkbride said Marianne's childhood memories include filling packets with Parmesan cheese. She runs things in the dining room today. Michelle, who always preferred working in the kitchen, oversees operations in the back of the house and makes all the pizzas herself She laughed about the one time she waited tables The history of the Corrova family can be written as a timeline of dates and places and it can also be told in the food and recipes that hold a constant place on TAT's menu The sauce served today with meatballs on spaghetti or with sausage and peppers is the same simple long-simmered marinara that the Corrovas' father and grandfather made Gay Street's revival: Due Amici and owner Jeff Mathes helped set Gay Street's revival in motion (A 1985 Dispatch column in which Doral Chenoweth called it "slightly acidic" is framed on another wall — along with his follow-up about the readers who told him he should "seek other work" or worse Diners can opt for al dente pastas or a softer, homemade egg-noodle spaghetti that Jimmy used to call "Corrova's gold." The traditional wedding soup lives up to its name tiny meatballs and pasta pearls and cheese remain because they have fiercely loyal fans There are more toppings available — even pineapple — than the crushed tomatoes garlic and anchovies that Pete Corrova served Pete's was the only pie in town when he first started serving it to Columbus diners in 1934 but they were passed down more in the way he likely learned them from his father "I just know from working with him," Michelle said "My dad told so many stories and they all were different," Michelle said One look at Jimmy's photo on the wall and you know he's got the glint in his eye of a kidder There's a tapestry of an idyllic scene on the back wall of the restaurant behind the table where Jimmy and their mother He would tell people that the home on the hill Dining news: Buffet, pub and 3 pizza places among central Ohio restaurant openings opened TAT in 1929 on Goodale Street in an immigrant neighborhood near the present-day Arena District Pete had a hard time coming up with a name for his restaurant until he looked up one day and saw a plane with the initials of Transcontinental Air Transport an early airline that stopped in Columbus as part of its two-day route from New York to Los Angeles Jimmy sometimes told people TAT stood for "Take Any Table." Michelle and Marianne added the Ristorante di Famiglia tag for an extra touch TAT has had several homes over its long life Papa Pete moved to East Main Street in a Columbus neighborhood between Bexley and Whitehall during the 1950s Jimmy opened his own place in 1954 a few blocks north at Beechwood Road and Livingston Avenue and on Main Street in Reynoldsburg before consolidating in 1980 into the current spot at 1210 S A family affairIt's not just Jimmy's stories and jokes that his daughters remember Marianne and Michelle are in the restaurant every day from before the doors open until after they close for the night They shaved a few hours and one day off the schedule during the 2020 COVID lockdown but stick to the rule that someone in the family is there whenever TAT is open for business Most of the sisters' children have worked in the restaurant and their contributions today are in areas such as social media and doing the programming on a new point-of-sales system including the striped wallpaper and upholstered booths in the immaculately maintained dining room They've kept it that way for the generations of customers who have their own memories of the restaurant the sisters get a chuckle out of fancy Italian food — "that's not Italian!" Michelle said — that fills a tiny portion of oversized plates in sleek you don't have to tell a server when to stop grating cheese onto your pasta "We're doing something right," Marianne said rvitale@dispatch.com Instagram: @dispatchdining Please enable JS and disable any ad blocker TAT Technologies (NASDAQ: TATT) reported strong financial results for the full year 2024 marking its ninth consecutive quarter of revenue growth while net income surged 139% to $11.2 million ($1.0 per diluted share) The company's gross profit grew 47% to $33 million and Adjusted EBITDA rose 67% to $18.6 million The company secured new contracts worth $47 million in Q4 pushing its backlog to a record $429 million TAT successfully raised $10 million through an overnight capital raise and its share price increased by 153% in 2024 operational cash flow turned negative at ($5.8) million primarily due to strategic inventory investments to mitigate supply chain risks TAT launched its 'Customer First' initiative and plans to implement operational efficiency improvements The company maintains an optimistic outlook while addressing ongoing industry supply chain challenges TAT Technologies (NASDAQ: TATT) ha riportato risultati finanziari solidi per l'intero anno 2024 segnando il nono trimestre consecutivo di crescita dei ricavi I ricavi sono aumentati del 34% raggiungendo i 152,1 milioni di dollari mentre l'utile netto è schizzato in su del 139% a 11,2 milioni di dollari (1,0 dollari per azione diluita) Il profitto lordo dell'azienda è cresciuto del 47% fino a 33 milioni di dollari e l'EBITDA rettificato è aumentato del 67% a 18,6 milioni di dollari L'azienda ha ottenuto nuovi contratti del valore di 47 milioni di dollari nel quarto trimestre portando il suo portafoglio ordini a un record di 429 milioni di dollari TAT ha raccolto con successo 10 milioni di dollari tramite un aumento di capitale notturno e il prezzo delle sue azioni è aumentato del 153% nel 2024 il flusso di cassa operativo è diventato negativo a ($5,8) milioni principalmente a causa di investimenti strategici in inventario per mitigare i rischi della catena di approvvigionamento TAT ha lanciato la sua iniziativa 'Customer First' e prevede di attuare miglioramenti nell'efficienza operativa L'azienda mantiene un'ottica ottimistica mentre affronta le sfide attuali della catena di approvvigionamento del settore TAT Technologies (NASDAQ: TATT) reportó resultados financieros sólidos para el año completo 2024 marcando su noveno trimestre consecutivo de crecimiento en los ingresos Los ingresos aumentaron un 34% alcanzando los 152,1 millones de dólares mientras que la utilidad neta se disparó un 139% a 11,2 millones de dólares (1,0 dólares por acción diluida) El beneficio bruto de la empresa creció un 47% hasta los 33 millones de dólares y el EBITDA ajustado aumentó un 67% a 18,6 millones de dólares La empresa aseguró nuevos contratos por un valor de 47 millones de dólares en el cuarto trimestre aumentando su cartera de pedidos a un récord de 429 millones de dólares TAT recaudó con éxito 10 millones de dólares a través de una recaudación de capital nocturna y el precio de sus acciones aumentó un 153% en 2024 el flujo de efectivo operativo se volvió negativo en ($5,8) millones principalmente debido a inversiones estratégicas en inventario para mitigar los riesgos de la cadena de suministro TAT lanzó su iniciativa 'Customer First' y planea implementar mejoras en la eficiencia operativa La empresa mantiene una perspectiva optimista mientras aborda los desafíos actuales de la cadena de suministro en la industria TAT Technologies (NASDAQ: TATT)는 2024년 전체 연도에 대한 강력한 재무 결과를 보고하며 순이익은 139% 급증하여 1120만 달러(희석 주당 1.0달러)에 이르렀습니다 회사는 4분기에 4700만 달러 상당의 새로운 계약을 체결하여 백로그를 기록적인 4억 2900만 달러로 끌어올렸습니다 TAT는 'Customer First' 이니셔티브를 시작했으며 운영 효율성 개선을 계획하고 있습니다 회사는 현재 산업 공급망의 도전 과제를 해결하면서도 낙관적인 전망을 유지하고 있습니다 TAT Technologies (NASDAQ: TATT) a annoncé des résultats financiers solides pour l'année complète 2024 marquant son neuvième trimestre consécutif de croissance des revenus Les revenus ont augmenté de 34% pour atteindre 152,1 millions de dollars tandis que le bénéfice net a bondi de 139% à 11,2 millions de dollars (1,0 dollar par action diluée) Le bénéfice brut de l'entreprise a crû de 47% pour atteindre 33 millions de dollars et l'EBITDA ajusté a augmenté de 67% pour atteindre 18,6 millions de dollars L'entreprise a sécurisé de nouveaux contrats d'une valeur de 47 millions de dollars au quatrième trimestre portant son carnet de commandes à un niveau record de 429 millions de dollars TAT a réussi à lever 10 millions de dollars grâce à une augmentation de capital nocturne et le prix de ses actions a augmenté de 153% en 2024 le flux de trésorerie opérationnel est devenu négatif à (-5,8) millions de dollars principalement en raison d'investissements stratégiques dans les stocks pour atténuer les risques de la chaîne d'approvisionnement TAT a lancé son initiative 'Customer First' et prévoit de mettre en œuvre des améliorations de l'efficacité opérationnelle L'entreprise maintient une perspective optimiste tout en abordant les défis actuels de la chaîne d'approvisionnement de l'industrie TAT Technologies (NASDAQ: TATT) hat für das gesamte Jahr 2024 starke Finanzzahlen gemeldet und damit das neunte aufeinanderfolgende Quartal mit Umsatzwachstum erreicht Der Umsatz stieg um 34% auf 152,1 Millionen Dollar während der Nettogewinn um 139% auf 11,2 Millionen Dollar (1,0 Dollar pro verwässerter Aktie) anstieg Der Bruttogewinn des Unternehmens wuchs um 47% auf 33 Millionen Dollar und das bereinigte EBITDA stieg um 67% auf 18,6 Millionen Dollar Das Unternehmen sicherte sich im vierten Quartal neue Aufträge im Wert von 47 Millionen Dollar wodurch der Auftragsbestand auf einen Rekord von 429 Millionen Dollar anstieg TAT konnte erfolgreich 10 Millionen Dollar durch eine nächtliche Kapitalerhöhung einwerben und der Aktienkurs stieg im Jahr 2024 um 153% Der operative Cashflow wurde jedoch negativ und betrug (-5,8) Millionen Dollar hauptsächlich aufgrund strategischer Investitionen in Lagerbestände zur Minderung von Risiken in der Lieferkette Für 2025 hat TAT die Initiative 'Customer First' ins Leben gerufen und plant Verbesserungen der Betriebseffizienz umzusetzen während es die laufenden Herausforderungen in der Lieferkette der Branche angeht TAT Technologies' 2024 financial results showcase exceptional growth across key metrics with $152.1 million in revenue (34% increase) and $18.6 million in adjusted EBITDA (67% increase) Even more revealing is the improvement in profitability margins with gross profit rising to 21.7% from 19.7% last year - indicating the company isn't just growing but becoming more efficient The negative operational cash flow of $5.8 million (versus positive $2.3 million in 2023) requires scrutiny but management's explanation of strategic inventory buildup aligns with current aerospace industry supply chain challenges This appears to be a calculated trade-off: sacrificing short-term cash flow to ensure uninterrupted service and revenue growth The $10 million capital raise provides liquidity support for this strategy The company's record $429 million backlog signals robust future revenue visibility with $47 million in new Q4 orders further validating the growth trajectory This 153% share price appreciation in 2024 suggests strong market recognition of TAT's operational improvements The ninth consecutive quarter of revenue growth demonstrates this isn't merely cyclical recovery but sustained operational momentum TAT's strategically diversified business model across four aerospace segments - OEM heat transfer solutions and jet engine component overhaul - positions them uniquely in the aerospace supply chain Their focus on critical systems maintenance creates resilience against industry fluctuations The company's proactive inventory management strategy addressing persistent aerospace supply chain disruptions shows foresight Aerospace OEMs and airlines continue facing parts shortages and delivery delays making suppliers with available inventory particularly valuable The "Customer First" initiative for 2025 directly addresses a pain point in the current market where service quality has suffered industrywide TAT's exposure to both commercial and military aerospace markets creates balanced revenue opportunities Commercial aviation continues its recovery trajectory while defense spending remains robust The $429 million backlog represents approximately 2.8 years of revenue at current levels providing exceptional business visibility in an industry where predictability commands premium valuations The efficiency initiatives mentioned for 2025 suggest management is focusing on operational improvements rather than just riding industry tailwinds and operational discipline positions TAT favorably compared to many aerospace suppliers that have struggled with post-pandemic production ramp-ups Company Delivers 9th Consecutive Quarter of Expanding Revenues (TASE: TAT Tech) (NASDAQ: TATT) ("TAT" or the "Company") a leading provider of products and services to the commercial and military aerospace and ground defense industries today reported its unaudited results for the three and 12 months ended December 31 Financial Highlights for the 12 Months Ended December 31 compared to $113.8 million for the same period in 2023.Gross profit increased by 47% to $33 million (21.7% of revenue) up from $22.5 million (19.7% of revenues) in the prior year.Net lncome increased by 139% to $11.2 million in 2023.Adjusted EBITDA increased by 67% to $18.6 million compared to $11.1 million in the prior year.Cash flow from operations was negative ($5.8) million compared to a positive $2.3 million in 2023.Mr CEO and President of TAT Technologies commented: "TAT Technologies continues to deliver solid execution marking our ninth consecutive quarter of revenue growth and improved profitability This positive momentum reflects the early impact of the strategic growth engines introduced over the past years which we believe will continue to drive our results in the years ahead." we launched our strategic 'Customer First' initiative which is our key goal for 2025," continued Mr "Our commitment is to deliver exceptional customer service and best-in-class performance even as the industry continues to face supply chain challenges we strategically increased our parts and rotatable inventory in areas where the supply chain is unstable anticipating continued revenue growth in 2025 While this investment in inventory had a negative effect on our operational cash flow it positions us to mitigate supply chain risks as we move forward" TAT won contracts and new orders totaling $47 million increasing our backlog to a record high of $429 million and validating our continued confidence in the company's growth trajectory," added Mr we expanded our engagement with the US and Israeli investors community which contributed to a successful $10 million overnight capital raise and a 153% increase in our share price We remain optimistic about the outlook for 2025 In addition to pursuing continued revenue growth we are advancing several initiatives to improve our operational efficiency and our cost structure which we expect to begin delivering results during 2025" To supplement the consolidated financial statements presented in accordance with GAAP The adjustments to the Company's GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company's underlying operational results Adjusted EBITDA is calculated as net income excluding the impact of: the Company's share in results of affiliated companies should not be considered as alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor it is meant to be predictive of potential future results Adjusted EBITDA is not measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies See reconciliation of Adjusted EBITDA in pages 13 below is a leading provider of services and products to the commercial and military aerospace and ground defense industries TAT operates under four segments: (i) Original equipment manufacturing ("OEM") of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary TAT controlling shareholders is the FIMI Private Equity Fund TAT's activities in the area of 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 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 TAT's activities in the area of 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 maintenance service centers and the military TAT's activities in the area of MRO services for aviation components include the MRO of APUs landing gears and other aircraft components TAT's Piedmont subsidiary operates an FAA-certified repair station which provides aircraft component MRO services for airlines TAT's activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components variable inlet guide vanes and afterburner flaps For more information of TAT Technologies Ltd., please visit our website:  www.tat-technologies.com Contact:Mr. Eran YungerDirector of IRerany@tat-technologies.com net of allowance for credit losses of $400    and $345 thousand as of December 31    Other current assets and prepaid expenses    Funds in respect of employee rights upon retirement    Current maturities of operating lease liabilities    Liability in respect of employee rights upon retirement Ordinary shares of NIS 0 par value and NIS 0.9 par value at December 31 Authorized: 13,000,000 shares at December 31 2023; Issued: 11,214,831 and 10,377,085 shares at December 31 2023 respectively; Outstanding: 10,940,358 and 10,102,612 shares at December 31 Total liabilities and shareholders' equity Income profit (loss) before taxes on income Profit (Loss) before share of equity investment Share in profit of equity investment of affiliated companies Weighted average number of shares outstanding: CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Net unrealized gains (losses) from derivatives Reclassification adjustments for loss from derivatives included in net income CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY Accumulated other comprehensive income (loss) Issuance of common shares net of issuance costs of $141  thousands Issuance of common shares net of issuance costs of $162 thousands Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Loss (gain) from change in fair value of derivatives Change in funds in respect of employee rights upon retirement Net change in operating right of use asset and operating lease liability Liability in respect of employee rights upon retirement Changes in operating assets and liabilities: Increase in other current assets and prepaid expenses     Increase (decrease) in trade accounts payable     Increase in accrued expenses and other Net cash provided by (used in) operating activities from continued operation Proceeds from sale of property and equipment Net cash used in investing activities from continued operations RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED) Net change in short term credit from banks Net cash provided by financing activities from continued operations Net increase (decrease) in cash and cash equivalents and Cash and cash equivalents and restricted cash at Cash and cash equivalents and restricted cash at end of SUPPLEMENTARY INFORMATION ON INVESTING ACTIVITIES NOT INVOLVING CASH FLOW: Additions of operating lease right-of-use assets and operating lease liabilities Capital contribution to equity method investee Supplemental disclosure of cash flow information:  RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED) 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 By: /s/ Ehud Ben-YairEhud Ben-YairChief Financial Officer View original content:https://www.prnewswire.com/news-releases/tat-technologies-grows-revenue-by-34-net-income-by-139-and-adjusted-ebitda-by-67-for-the-full-year-of-2024-302412534.html Already have an account? Login See more » Are We Having Fun Yet? You've got Questions All Modesty Aside for Just a Moment Hot Topics in International Trade 2024 Presidential Election and Trade with BLG Senior Associate Attorney Kerry Wang Hot Topics in International Trade, Wyoming, Blockchain, Crypto, and the Current Landscape of Regulations Hot Topics in International Trade FTZ's and the Business Drift Hot Topics in International Trade USMCA facilitation Hot Topics in International Trade - Managed Services and FTZs Build America Buy America What is it? How to qualify. Hot Topics in International Trade-Braumiller Law Group-FDI Into Mexico from China Hot Topics in International Trade-De Minimis With Bob Brewer, and Robert Stein, VP Braumiller Consulting Hot Topics in International Trade. BLG VP Marketing Bob Brewer sits down with Robert Stein, VP Braumiller Consulting Group and discusses the recent bridge collapse via the Dali at the Francis Scott Key Hot Topics in International Trade- The Importer of Record Hot Topics in International Trade-Reasonable Care Hot Topics in International Trade-The Mod Act Hot Topics in International Trade-Foreign Trade Zone (FTZ) Benefits Hot Topics in International Trade Hot Topics in International Trade Hot Topics in International Trade Refine your interests » Back to Top Explore 2025 Readers' Choice Awards Copyright © var today = new Date(); var yyyy = today.getFullYear();document.write(yyyy + " "); JD Supra GREENWICH, Conn., Jan. 10, 2025 (GLOBE NEWSWIRE) -- XPO (NYSE: XPO) a leading provider of freight transportation in North America announced today that it has extended its support for TAT (Truckers Against Trafficking) a leading nonprofit focused on educating and empowering members of the transportation industry to combat human trafficking XPO will serve as a platinum partner of TAT It also includes supporting efforts that make our communities safer Nearly 6,000 of our employees across the United States have received training to recognize and report suspected human trafficking We are proud to provide extra eyes and ears on the road and look forward to continuing this partnership to help protect those who are vulnerable.” XPO’s renewal of this partnership coincides with National Human Trafficking Awareness Month, which raises awareness for public resources like the National Human Trafficking Hotline Reports from truck drivers nationwide have played a role in rescuing survivors and disrupting trafficking networks “Truck drivers are critical allies in the fight against human trafficking and our roads and communities are safer because of the thousands of XPO drivers who have received anti-trafficking training We’re grateful to XPO for their ongoing support and commitment to this important cause.” To learn more about TAT and how you can get involved, visit https://tatnonprofit.org/ Media ContactCole Horton+1-203-609-6004cole.horton@xpo.com "Tit-for-tat" is a common phrase that's all about fair play — or sometimes You've probably heard of doing something tit-for-tat when someone feels wronged In that situation someone responds in kind this phrase doesn't just live in everyday arguments or small squabbles; it's also a big deal in politics international relations and even complex theories about human cooperation Tit-for-tat has a long history as a concept in balancing interactions Whether it's about returning a favor or retaliating countries and even game theory models strive for equilibrium Let's break down what this expression means The noun phrase "tit-for-tat" refers to a back-and-forth pattern in which words or actions are reciprocated — sometimes in fairness but often in retaliation one player cooperates as long as the other does they might be met with the same action in return Think of it as a quick way to keep things balanced If you give a "tit," you might just get a "tat" back While it can be a way to maintain fairness it can also lead to escalation if each side continues to respond in an equally (or increasingly) hostile way In international relations, tit-for-tat shows up in policies where actions by one country prompt similar responses from another. Cyber tit-for-tat strategies, for example, might involve retaliatory cyber-attacks in response to digital warfare or hacking In human interactions, it's often about reciprocal altruism where people respond to good deeds by performing good deeds themselves This gets a little slippery since genuine altruism is performed selflessly and without any expectation of return but you get idea of the good-for-good exchange here it can just as easily fuel a brewing scandal or a volatile dynamic leading to even more incentive for retaliation tit-for-tat is about matching actions — whether they're cooperative or confrontational The origin of "tit-for-tat" can be traced to old-style English phrases like "tip for tap" or "tap for tap," both referring to a back-and-forth exchange of minor blows it evolved into "tit-for-tat," retaining its meaning of reciprocal actions This idea of matching one action with an equivalent one has roots in early Civil War policies and other historical periods when balancing offense with defense was a common approach This act of competition through a tit-for-tat approach can be found in historical contexts from when countries declared war to guiding actions that offered a sense of camaraderie between nations In game theory the idea of "tit-for-tat" gained prominence through studies on the prisoner's dilemma a scenario in which two individuals must choose between cooperating or betraying each other creating tension between self-interest and mutual benefit Mutual cooperation yields better results for both, but the incentive to betray for individual gain often leads to worse outcomes for both parties. If the individuals have a chance to coordinate before being "interrogated," they can agree to cooperate and stay quiet, which is the tit-for-tat route. If one or both parties decides to snitch without knowing what the other decided, tit-for-tat has played no role. The tit-for-tat strategy has practical applications, as it reflects real-world scenarios where balance and reciprocity are necessary, even in complex situations like political tit-for-tat bombings or a tit-for-tat policy in international diplomacy. If a friend acts in a certain way, you may respond with the same behavior, whether it's positive or negative. This can lead to a cycle of actions, much like a fight where each side mirrors the other's moves. In some cases, this "eye for an eye" approach can be successful, as it maintains balance and signals to others the importance of their words and actions. However, it can also escalate tensions, especially when one party feels like the "tat" they received was worse than the "tit" they doled out. Tit-for-tat appears in many situations where people respond to actions in kind. Here are some examples of how it’s used in everyday language. We created this article in conjunction with AI technology, then made sure it was fact-checked and edited by a HowStuffWorks editor. Please copy/paste the following text to properly cite this HowStuffWorks.com article: `;return t.byline_authors_html&&(e+=`By: ${t.byline_authors_html}`),t.byline_authors_html&&t.byline_date_html&&(e+=" | "),t.byline_date_html&&(e+=t.byline_date_html),e+=`\n\t\t\t\t Copyright 2025 The Associated Press. All Rights Reserved. Algerian flags fly at half-staff along the seaside walk in Algiers, Saturday, Sept. 18, 2021. (AP Photo/Fateh Guidoum, File) PARIS (AP) — France said Tuesday it was expelling 12 Algerian diplomatic officials a day after Algeria announced the expulsion of the same number of French officials in escalating tensions between the two countries. In addition to what French officials called the “symmetrically” calibrated expulsion of 12 Algerian officials, France’s ambassador to Algiers also was being recalled home for consultations, a statement from the French presidential palace said Tuesday. It said Algerian authorities were responsible for “a brutal deterioration in our bilateral relations.” French Foreign Minister Jean-Noël Barrot said on X that Algeria’s decision was “unjustified” and that dialogue “cannot go one-way.” French counterterrorism prosecutors said three Algerian nationals in total were arrested last week and handed preliminary charges of “kidnapping or arbitrary detention … in connection with a terrorist undertaking.” The group is allegedly involved in the April 2024 kidnapping of an Algerian influencer, Amir Boukhors, or Amir DZ, a known critic of the Algerian government with 1.1 million followers on TikTok. The Algerian foreign affairs ministry said the arrest of the consular official as part of the kidnapping case aimed to “humiliate Algeria, with no consideration for the consular status of this agent, disregarding all diplomatic customs and practices, and in flagrant violation of the relevant conventions and treaties.” The latest surge in acrimony followed a brief easing of tensions about two weeks ago when French President Emmanuel Macron called Algerian counterpart Abdelmadjid Tebboune. French officials said at the time that they had agreed to revive bilateral relations. Rae Wee and Tom Westbrook; Editing by Jacqueline Wong « Back Now Playing" href="/video/watch/idRW755018042025RP1/" class="text__text__1FZLe text__dark-grey__3Ml43 text__medium__1kbOh text__default__UPMUu link__link__3Ji6W link__underline_on_hover__2zGL4 video-list-item__button__3wDa0">Now Playing President Donald Trump on Thursday (April 17) signaled a potential end to the tit-for-tat tariff hikes between the U.S and that a deal over the fate of social media platform TikTok may have to wait Gregg Popovich steps down as Spurs coach 14 year-old Suryavanshi becomes youngest men's T20 centurion Jubilant scenes at Anfield as Liverpool win Premier League title Fans cheer on Madagascar's traditional bareknuckle sport Messi and Miami teammates help Make-A-Wish kids Golfer Rory McIlroy completes career Grand Slam at Augusta Australian 17-year-old Gout runs a sub-10 second 100 meters NHL's Bettman concerned U.S.-Canada tensions may impact league Meta signs multi-year partnership with UFC Brazilian athlete returns to beach sport Altinha after amputation Ex-FIFA chief Blatter and Platini cleared of corruption again 2025 Freeride World champions crowned in Switzerland Coventry becomes IOC's first female and first African president Boston Celtics sold for record-breaking $6.1 billion First female and African Kirsty Coventry elected IOC president Trump supports Putin's U.S.-Russia hockey proposal Baseball fans bring the energy for MLB's Tokyo Series Australian teen Gout Gout runs 200m in less than 20 seconds Rome marathon runners pause in silence for Pope Francis at start line This dentist office doubles as a Shohei Ohtani mini-museum Fans hoping to see LA Dodgers arrive in Tokyo left disappointed Sounders fans say politics shouldn’t mix with sports Junta leader Nguema sworn in as president of Gabon Romanian nationalist Simion scores first-round election win Trump having an impact on global elections Romanians vote in presidential test of Trump-style nationalism Australia's re-elected govt says US-China tussle a top priority Decisive election win gives Singapore's ruling party strong mandate Australia's Albanese rides anti-Trump wave to election victory Australia's Albanese claims historic second term election win South Korea's conservatives pick Kim Moon-soo to run for president Australia's Albanese wins election as costs Singapore's prime minister casts his vote in first electoral test 'Democracy sausages': Australia's sizzling election day rituals German spy agency labels far-right AfD 'extremist' China 'evaluating' US offer to talk tariffs; warns against 'extortion' Romanian voters again turn to TikTok for guidance in election rerun South Korea presidential frontrunner's eligibility in doubt after ruling Singapore votes- ruling party seeks strong mandate amid opposition Romanian presidential election could bring ultranationalist to power Trump says Canada's Carney looking to make a deal Trump's first 100 days: DEI and civil rights Carney's Liberals win Canada election millennial voters may sway Australia's elections says 'Trump is trying to break us' Canada's opposition leader Poilievre concedes election defeat CBC declares PM Carney’s Liberals win Canada election Could cells grow food for astronauts on long missions in space? Influencer's 'pretty crazy' bionic hand can crawl on its own Scientists find strongest evidence yet of life on an alien planet How AI can help to detect oil spills at sea 'Making space': female astronauts talk to press after return Katy Perry and fellow female space travelers float in zero-g Space probe to assess health of forests from Earth's orbit Researchers claim to have revived a long-extinct dire wolf Rocket launches Russians and American to the ISS 'It's pretty hard': stranded astronaut on readjusting to Earth life SpaceX sends private astronaut crew on first-ever polar mission German space rocket explodes seconds after takeoff from Norway Dazzling spiral swirls in the sky following SpaceX Falcon 9 rocket launch Dolphins swim around SpaceX capsule after splashdown Astronauts Butch and Suni finally return to Earth SpaceX Crew-9 begin trip home after extended space station stay SpaceX capsule arrives at ISS to relieve stranded crew Inside the lab breeding malaria-resistant GM mosquitoes Australian man leaves hospital with a titanium total artificial heart How a coat of paint is tackling extreme heat in an Indian slum The scientists trying to save the fewer than 100 wild ocelots in the US This computer runs on living human brain cells Would you eat 3D printed plant-based beef? Scientists trying to bring back woolly mammoth create 'woolly mice' Lunar landers to pave way for human exploration, NASA says © 2025 Reuters. All rights reserved Reporting by Muvija M; Editing by Kate Holton “Our analysis shows that aircraft engine MRO demand is likely to experience a near-term peak in 2026 and remain constrained through the end of the decade.” Co-Leader of Bain’s global Aerospace and Defense practice Bain&Company's latest survey confirms what many in the industry have long suspected: MRO demand will peak in 2026 but capacity shortages are already turning engine shops into bottlenecks reducing Turnaround Time (TaT) often depends on ensuring all parts are available at the kitting gate—a seemingly simple goal complicated by outdated Let’s break down why MRO operations are more challenging than ever—and how leading teams are regaining control The aviation industry is still recovering from COVID-19 which grounded 60% of the global fleet and left MRO teams struggling to catch up MROs are now battling unpredictable lead times and severe part shortages The introduction of next-generation engines such as CFM International’s LEAP and Pratt & Whitney’s GTF Instead of using real-time insights to ensure the right parts arrive at the kitting gate on time MRO teams spend up to 70% of their time manually chasing data—digging through spreadsheets With so much time spent reacting instead of preventing issues teams remain trapped in constant firefighting mode we’ve spent the past two years partnering with leading MRO shops to develop a solution that reduces TaT and optimizes engine throughput If your team still operates without real-time visibility you’re running a marathon blindfolded Pelico already helps MRO teams cut TaT by 40%. Schedule a demo today. insight and analysis from our award-winning editors delivered to your inbox daily Company Delivers 7th Consecutive Quarter of Expanding Revenues and Profits Management Reviews Financial Results and Provides Business Update on Quarterly Webcast CHARLOTTE, N.C., Aug. 28, 2024 /PRNewswire/ -- TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) ("TAT" or the "Company") reported today its unaudited results for the three-month and six-month period ended June 30 Financial Highlights for the Second Quarter and First Six Months of 2024: TAT's CEO and President commented: "We are very proud to report another record quarter marked by revenue growth Our results demonstrate increasing demand for our products and services which are aligned with our growth strategy This was the seventh consecutive quarter of growth in revenue and EBITDA and given our growing momentum and backlog we secured orders of more than $40 million resulting in a record backlog and LTA Value of over $414 million," continued Mr "These new orders give us significant visibility into revenue potential over the coming quarters and bolster our confidence in continued success we invest efforts in improving our operational efficiency and cost structure This resulted in an improved Gross margin and EBITDA margin." "During the first six months of 2024 we started serving APU of the newly certified 131 and 331-500 which serves a fleet of close to 20,000 aircraft (with a total addressable annual market of about $2 billion)," added Mr "The revenue obtained during the first half of 2024 is mainly driven from TAT's historical products and services The revenue from these new engines' capabilities is insignificant We are very excited about our future revenue growth and profits as we start leveraging the potential of this new market We will continue to expand our customer base for those engines MRO services according to our growth strategy" Igal Zamir and Ehud Ben-Yeir, TAT's CEO and CFO, have posted a webcast reviewing the financial results and to provide a business update.  Investors interested in accessing the webcast can visit the investor relations section of the Company's website at https://tat-technologies.com/investors/ The webcast will remain accessible on the website for at least 90 days the Company also presents Adjusted EBITDA.  The adjustments to the Company's GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company's underlying operational results See reconciliation of Adjusted EBITDA below For more information of TAT Technologies Ltd., please visit our web-site:www.tat-technologies.com Contact:Mr. Eran YungerDirector of IR[email protected] Safe Harbor for Forward-Looking Statements This press release contains forward-looking statements which include statements regarding possible or assumed future operation results These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995 These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations Actual results and performance can also be influenced by other risks that we face in running our operations including general business conditions in the airline industry changes in demand for our services and products the timing and amount or cancellation of orders the price and continuity of supply of component parts used in our operations and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission its annual report on form 20-F and its periodic reports on form 6-K These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date on which they are made We undertake no obligation to update publicly or revise any forward-looking statement TAT TECHNOLOGIES AND ITS SUBSIDIARIES $        8,058 $      15,979 net of allowance for credit losses of $305    and $345 thousand as of Jun 30           Total current assets Funds in respect of employee rights upon retirement $                  147,815 $                  145,577 $                    1,937 $                      2,200           Total current liabilities      Liability in respect of employee rights upon retirement      Operating lease liabilities $                     52,079 $                  54,894 $             145,577 CONDENSED CONSOLIDATED STATEMENTS OF INCOME      Research and development      General and administrative       Other financial income (expenses) Income before taxes on income (tax benefit) Profit of equity investment of affiliated      companies CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Weighted average number of shares     outstanding Change in foreign currency translationadjustments CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY $            2,842 $       66,245 $            (26) $            (2,088) $            8,597 $            75,570 CHANGES DURING THE YEAR ENDED     DECEMBER 31 Issuance of common shares net of issuance costs of $141     thousands $            3,140 $              27 $            13,269 $            90,683 CHANGES DURING THE PERIOD ENDED JUN     31 Change in foreign currency translation adjustments CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Adjustments to reconcile net income (loss) to net cash     provided by (used by) operating activities: Change in funds in respect of employee rights uponretirement Change in operating right of use asset and operating leasing     liability  Decrease in restructuring plan provision      Decrease (increase) in trade accounts receivable     Decrease (increase) in other current assets and prepaid    expenses         Increase in inventory     Decrease in trade accounts payable     Increase (decrease) in accrued expenses and other Net cash provided by (used in) operating activities from   continued operation $       4,219 Cash flows provided by (used in) financing activities Net increase (decrease) in cash and cash equivalents and restricted cash  Cash and cash equivalents and restricted cash at     beginning of period  Cash and cash equivalents and restricted cash at the end     of period SUPPLEMENTARY INFORMATION ON INVESTING     ACTIVITIES NOT INVOLVING CASH FLOW: Additions of operating lease right-of-use assets and     operating lease liabilities RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) Share in results and sale of equity     investment of affiliated companies        Share based compensation $       4,740 $              11,136             Pursuant to the requirements of the Securities Exchange Act of 1934             (Registrant) Photo - https://mma.prnewswire.com/media/2492171/EBITDA_Q224.jpgPhoto - https://mma.prnewswire.com/media/2492172/revenue_Q224.jpg a leading supplier of products and services for the commercial and military aviation industries .. Computer & Electronics Aerospace, Defense Earnings Earnings Do not sell or share my personal information: SUNDAY, MARCH 30, 2025 PlayLoading... TAT confirms Songkran celebrations nationwide will proceed as planned, assuring tourists that travel, transport, and hotels remain unaffected by the quake.The Tourism Authority of Thailand (TAT) announced on Sunday that its plans to hold grand Songkran celebrations across the country would proceed as scheduled. The TAT stated that after assessing the situation following Friday’s earthquake, it found that conditions in Bangkok and other parts of the country had returned to normal. For instance, it noted that Don Mueang International Airport and Suvarnabhumi International Airport in Bangkok continued to operate as usual, with airlines providing normal services. then variable clouds overnight with still a chance of showers TOPSHOT — US President Donald Trump signs executive orders in the Oval Office of the White House in Washington WASHINGTON — President Donald Trump delivered on his threat to hit Canada and Mexico with sweeping import levies and doubled an existing charge on China spurring swift reprisals that plunged the world economy into a deepening trade war tariffs — 25% duties on most Canadian and Mexican imports and raising the charge on China to 20% — apply to roughly $1.5 trillion in annual imports an expansive move signaling to markets that the Republican president is committed to inflicting economic pain to generate fresh revenue and create domestic manufacturing jobs Javascript is required for you to be able to read premium content Your browser is out of date and potentially vulnerable to security risks.We recommend switching to one of the following browsers: Account processing issue - the email address may already exist  Would you like to receive our daily news? Sign up today Invalid password or account does not exist Submitting this form below will send a message to your email with a link to change your password An email message containing instructions on how to reset your password has been sent to the email address listed on your account President Donald Trump has threatened more retaliatory tariffs on the European Union this morning, proposing via social media a new, 200% levy on all EU champagnes, wines and spirits sent to the U.S. in response to the EU’s retaliatory tariff of 50% on U.S President Trump said on social media outlet Truth Social that he would put the tariff in place unless the EU removed the tariffs it imposed on U.S He called the tariff on bourbon “nasty” and said that this 200% levy “will be great for the Wine and Champagne businesses in the U.S.” The retaliatory tariffs the EU announced would go into effect in April and impact about $28 billion worth of U.S. goods, including spirits. The EU made this announcement — which in effect peels back decisions from 2018 and 2020 to continue to suspend tariffs on these goods from the U.S — after President Trump announced a 25% tariff on steel and aluminum products earlier this week tit-for-tat tariff war has begun to rustle up reaction from big business especially as the stock market whipsaws and has typically ended each day down reacting to the headline-grabbing moments and making forecasting much more difficult CNN reported that Jeffrey Sonnenfeld founder of the Yale Chief Executive Leadership Institute said CEOs understand the power that good tariff implementation can have but they “are ‘angry’ over the shifting justifications offered by the administration for Trump’s tariffs.” He went on to say that CEOs are dismayed and embarrassed over the assault on U.S allies rather than adversarial and rival nations bakery and snack foods as a B2B editor for nearly 20 years and has toured hundreds of processing plants and food companies sharing stories of innovation and technological advancement throughout the food supply chain he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs and he has brought home additional awards from Folio and ASBPE over the years Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety a food safety software and consulting company Powered by AiVOOV For years, businesses in India and Bangladesh have depended on each other — not just through handshakes at the top that quiet but critical rhythm is under threat The current standoff began last month when Bangladesh restricted cotton yarn imports from India via land routes — a move aimed at shielding its domestic textile industry it struck at the core of a multi-billion-dollar supply chain that powers Bangladesh’s $38 billion garment export industry India exported $1.6 billion worth of cotton yarn to Bangladesh in 2024 India suspended a vital transshipment arrangement that allowed Bangladeshi-made apparel — destined for brands like Zara — to be transported by road to Indian airports for airlifting to global markets Citing “congestion,” New Delhi halted the corridor “The India route got cargo to Western countries in a week which handles exports for major fashion retailers Over $1 billion worth of apparel moved through that land-air corridor each year — a lifeline for an industry racing against fast fashion timelines With Bangladesh’s limited air freight capacity and under-equipped airports losing this corridor puts extreme pressure on rerouting options Industry experts warn that the disruption could erode Bangladesh’s edge in the global apparel market Speed to market is non-negotiable for global buyers — and delays can mean lost contracts India’s northeastern states — already logistically constrained and reliant on narrow internal corridors — are feeling the tremors These landlocked states depend on Bangladeshi transit routes including access to ports and inland waterways has hinted at reviewing these transit concessions originally championed by former PM Sheikh Hasina — now living in exile in India “Any disruption to these corridors won’t just dent bilateral trade — it will stretch already fragile domestic supply chains in India’s northeast,” noted a senior logistics analyst in Delhi The geopolitical undertones are hard to miss Interim Bangladeshi leader Muhammad Yunus recently suggested Bangladesh could act as a gateway to China for India’s northeast — a remark that stirred strategic unease in New Delhi With the vulnerable Siliguri Corridor — India’s only land link to its northeast — already a known chokepoint Anti-India sentiment is growing in Bangladesh while some Indian voices are calling for import curbs on Bangladeshi garments “Supply chains don’t operate in silos,” said economist Debapriya Bhattacharya from Dhaka “Disruptions like these destabilize entire value networks that took years to build.” businesses fear a domino effect — disrupting trade not only in garments and yarn but also in pharmaceuticals It’s a sobering reminder that in today’s hyper-connected economy diplomacy and supply chains are two sides of the same coin and website in this browser for the next time I comment Manhattan’s Chinatown is the oldest and most famous of the major Chinese ethnic enclaves in the five boroughs boasting restaurants that have been serving customers for almost a century which hails from Guangdong province in southeast China and Chinese-American staples like lo mein and chow fun prominent on menus Fried and boiled dumplings of all sorts are also prevalent particularly among the Fujianese restaurants that can be found all over East Broadway $5.75 gets you a platter of rice and succulent roast pork as big as a brick if you don’t mind waiting in line to get it Chinatown is served by several subway lines and stations: the B and D at Grand St The biggest Chinese ethnic enclave in New York City (and possibly outside of China) Flushing offers virtually anything you could imagine from its many food courts There is simply no end to the restaurants or types of cuisine here but here’s a quick look at the best of what this area has to offer Flushing is home to arguably the most well-known soup dumpling restaurant in the city: Nan Xiang Xiao Long Bao. Their special pork and pork-and-crab dumplings are the stars of the show, but if you can’t decide, get their Lucky Six sampler to try both. Shanghai You Garden is another local soup dumpling shop with a fervent fan base where you can try 10 different varieties of xiao long bao all of which come in different iridescent and Instagram-friendly shades of yellow and red and green cranking out wontons smothered in chili oil that regularly draw crowds and foodies a Hong Kong-style eatery with a salted egg yolk lava French toast that might be the single best bite in all of Flushing Flushing's Chinatown can be reached via the LIRR or the 7 train at the Flushing-Main St station Brooklyn's original Chinatown is in Sunset Park comprised largely of Fujianese immigrants who left Manhattan’s Chinatown in the 1990s because of rising rents and gentrification there are also ethnic Chinese enclaves in Bensonhurst and Sheepshead Bay But Sunset Park remains the borough’s most well-known Chinatown and one where you can find an impressive variety of hard-to-find cuisines from the lesser-known corners of China both of which offer classic and alternative takes on this dish stuffed with grilled eel and mayonnaise for an intriguing combo of sweet and smoky where seafood hot pot is the main attraction Hungry for dessert? The best Chinese bakery in all of New York might be Xin Fa the Chinese variation on the English custard tart or the Portuguese pastel de nata these pastries are as pretty to look at as they are a joy to eat There’s also a Golden Steamer outpost here if you have a hankering for sweet steamed buns with the 8th Ave N station being the closest to Chinatown Check out all of our NYC Chinatown Guides for more:  Chinatown - Manhattan Chinatown - Sunset Park Chinatown - Flushing Plus, find out where to celebrate with our 2025 Lunar New Year Guide © 2025 Metropolitan Transportation Authority Terms & Conditions Privacy Policy Media Kit Subscribe to MTA Away's Newsletter Russia has announced restrictions on exports of enriched uranium to the USA The temporary ban is in response to US restrictions on imports of Russian uranium products which came into force earlier this year The Russian government announced the ban on its official website on 15 November as an amendment to Government Decree No 313 of 9 March 2022 It covers exports "to the United States or under foreign trade contracts concluded with persons registered in the jurisdiction of the United States" Exemptions will be made for deliveries under one-off licences issued by the Russian Federal Service for Technical and Export Control "The decision was made on the instructions of the President in response to the restriction imposed by the United States for 2024-2027, and from 2028 - a ban on the import of Russian uranium products," the Russian government said "Vladimir Putin instructed to analyse the possibility of restricting supplies to foreign markets of strategic raw materials in September at a meeting with the Government." Russian state nuclear corporation Rosatom said the ban was legal and the expected "tit-for-tat response to actions of the US authorities" Deliveries of Russian uranium to countries other than the USA "will continue without changes on conditions agreed with customers and subject to requirements of national laws" Kremlin spokesperson Dmitry Peskov told Tass that "in cases where it serves our interests Russia’s Federal Service for Technical and Export Control may decide to exclude certain items from this list of bans" but said the government had assessed the implications and consequences of the "absolutely reciprocal" countermeasures "But the key point is that this should fully align with our interests and not undermine them That is the basis for what has been done," he said US President Joe Biden signed the Prohibiting Russian Uranium Imports Act in May after the bill was passed unanimously by the US Senate The prohibition came into effect in August Waivers may be granted to allow the import of limited amounts of Russian-origin LEU US enrichment company Centrus received such a waiver from the US Department of Energy in July allowing it to import low-enriched uranium from Russia for delivery to US customers in 2024 and 2025 Tenex - a Russian government-owned company - is Centrus' largest supplier of low-enriched uranium for delivery to its US and international customers pursuant to a 2011 contract Tenex has now notified Centrus that its general licence to export the material to the USA has been rescinded under the decree and that it is now required to obtain a specific export licence from the Russian authorities for each of its remaining 2024 shipments to Centrus and for shipments in 2025 "Tenex has informed Centrus of its plan to seek the necessary export licences, in a timely manner, to allow it to meet its delivery obligations for the pending Centrus orders," Centrus said in a filing to the US Securities and Exchange Commission The US company said it will be in communication with its customers whose pending orders may be affected and is assessing actions to mitigate adverse impacts "If TENEX is unable to secure export licences for our pending or future orders it would affect our ability to meet our delivery obligations to our customers and would have a material adverse effect on our business and competitive position," the company said According to US Energy Information Administration data owners and operators of US nuclear power plants purchased a total of 51.6 million pounds U3O8 (19,848 tU) of deliveries from domestic and foreign suppliers in 2023 Most of this came from Canada (27% of total deliveries) Australia (22%) and Kazakhstan (22%): Russian-origin material accounted for 12% of total deliveries Domestically produced material accounted for 5% But while US facilities provided 28% of the uranium enrichment services - measured in separative work units or SWU - purchased by US owners and operators in 2023 Does anyone really need a hamster harness or a £2.93 bag of 40 miniature plastic babies that will be washing up on beaches for the next millennium My WhatsApp messages show that I spend a lot of time complaining about capitalism probably because I want to sound deep and radical like a Sally Rooney character (closer analysis reveals that when I disparage “capitalism” but I have capitalism’s greatest hits compilation and think it has some good tunes (takeaway food There are plenty of things capitalism is terrible at Caring about or protecting the planet: absolutely not in capitalism’s wheelhouse Promoting equality and treating humans with dignity: nope But in addition to being failed by the free market in the big ways in which it was always going to fail us I feel as if it is flunking the small stuff it was supposed to ace I have been looking for something for months and I can’t find it (similarly you will be unable to source a violin tiny enough with which to respond to this tale of woe “Small” is key – my crumbling bones and perimenopausal bladder can’t cope with lugging around and drinking American-style litres of brown water I have a vision of sitting in the “quiet” train carriage glaring angrily at people talking (even though I am wearing my Laser Lites) as I sip my modest but I cannot live my joyless dream because this cup does not exist I have bought one and been given another; they both leak I don’t get it: why would anyone make a travel cup that doesn’t seal properly My extensive searches (which have generated so many cookies that I open my laptop daily to multidirectional assault by travel cups) suggest one brand may manufacture a small-enough vessel but the optional (necessary!) leakproof lid is never in stock Surely this shouldn’t happen in a technologically enabled capitalist society it appears capable of producing infinite useless crap Merely browsing Temu or Shein brings up so much near-future landfill that I feel we should all be turned back into primeval ooze to think about what we have done: a hamster harness; shell-shaped nipple pasties; a £2.93 bag of 40 miniature plastic babies that will be washing up on beaches for the next millennium But I understood our pact with capitalism was that in exchange for destroying everything So where is my spray bottle for houseplants that doesn’t look like a Harry Potter prop and won’t shed microplastics until all my descendants are infertile Where’s the sofa that a person over 35 can sit on for two hours without going into lumbar spasm Why can’t you buy a smart and dumb phone bundle compatible with the same sim card (a request from an acquaintance These are all things capitalism should have no difficulty providing There is so much more – I have no space to rant about services that should exist but don’t (OK, just one: why is there no Deliveroo for changing duvet covers? I would find endless justifications for using it, making the founder’s fortune). Or why Fruit Salad chew-flavoured water – something no one asked for – exists, but a non-dairy milk that makes drinkable tea doesn’t. I don’t need any of this, obviously. But when capitalism can’t give you the silly little stuff you want, it is increasingly tempting to question, Sally Rooney character-like, what the point of it actually is. despite determining it had been sold in China at below-market prices.At the time the commerce ministry said its probe would end before Jan but that it could be extended.China's commerce ministry previously said it had found that European distillers had been selling brandy in its 1.4 billion-strong consumer market at a dumping margin in the range of 30.6% to 39% and that its domestic industry had been damaged.In the EU's decision to impose tariffs on China-made EVs the bloc set tariff rates on top of the 10% car import duty ranging from 7.8% for Tesla to 35.3% for SAIC and other producers deemed not to have cooperated with its investigation.The European Commission has said it is willing to continue negotiating an alternative even after tariffs are imposed.Reuters Graphics Reuters GraphicsReporting by Ryan Woo and Bernard Orr in Beijing Phil Blenkinsop and Dominique Patton; Editing by Tom Hogue