NasdaqGM:TATTAerospace & Defense
TAT Technologies (TATT) Stock Ignores A Stronger Backlog And Margin Story
TAT Technologies stock closed up 2.3% at US$42.62, a modest move for what looked like a far louder earnings message. The crowd traded it like just another decent quarter. The numbers told a different story. Revenue reached US$52.9m in the quarter and operating income stood at US$5.6m, both supported by record long term agreements and backlog in the US$615m to US$650m range. The market reaction looked contained while the core aviation services engine behind TAT Technologies quietly ran much...