SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2005
TAT TECHNOLOGIES LTD.
(Name of Registrant)
P.O.BOX 80, Gedera 70750 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information
contained in this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities
Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to
the registrant in connection with Rule 12g3-2(b): 82-___________
TAT Technologies Ltd.
6-K Items
1. Press release re TAT Technologies Reports Second Quarter 2005 Results
dated August 30, 2005.
2. Press release re TAT Technologies Announces Payment of Cash Dividend
dated August 31, 2005.
ITEM 1
Press Release Source: TAT Technologies Ltd.
TAT Technologies Reports Second Quarter 2005 Results
Tuesday August 30, 9:51 am ET
GEDERA, Israel, August 30 /PRNewswire-FirstCall/ -- TAT Technologies limited
(NASDAQ/NMS: TATTF - News), which is engaged in the manufacture, repair and
overhaul of heat transfer equipment and other various accessories mainly in
aircraft, reported today a net profit of $898,263 on sales of $8,960,969 gained
in the second quarter ended June 30, 2005 compared to a net profit of $835,318
on sales of $ 8,106,538 for the same period of 2004.
For the first six months the company reported a net profit of $1,686,613 on sale
of 17,350,120 compared to a net profit of $1,821,666 on sale of $16,760,677 for
the same period of 2004.
Sales for the second quarter increased by 10.54% compared to the same quarter
last year.
The net profit of the company for the quarter increased by 7.53% compared to the
same quarter last year. Net profit of the company for the second quarter
increased by 13.9% compared to the first quarter.
We would like to mention that as from the third quarter the Company will include
in its financial report the results of Piedmont Aviation Component Services
(PACS) which was bought by the Company as of July 1, 2005.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the company
manufactures and overhauls aircraft accessories and systems such as pumps,
valves, Power Systems, Turbines, etc.
TAT Technologies Ltd.
Consolidated Statements of Operations
(Amounts in Thousands U.S $, Unaudited)
Six Months Ended Three Months Ended
June 30 June 30
2004 2005 2004 2005
($) ($) ($) ($)
Revenues 16,761 17,350 8,107 8,961
Gross Profit 5,649 5,776 2,684 3,124
R&D Expenses 68 39 31 22
Other Income 33 140 6 119
Income from Operations 2,845 2,772 1,326 1,566
before Income Taxes
Income Tax 1,023 1,085 491 668
Net Income 1,822 1,687 835 898
Earnings Per Share $ 0.38 $ 0.28 $ 0.18 $ 0.15
Weighed Average Shares 4,743,016 6,042,671 4,743,016 6,042,671
Outstanding
Contact:
Mr. Israel Ofen
Executive Vice-President and Chief Financial Officer
+972-8-859-5411
ITEM 2
Press Release Source: TAT Technologies Ltd.
TAT Technologies Announces Payment of Cash Dividend
Wednesday August 31, 9:30 am ET
GEDERA, Israel, August 31 /PRNewswire-FirstCall/ -- TAT Technologies limited
(NASDAQ: TATTF - News) announced today that it will pay a cash dividend to each
of its shareholders of record on October 20, 2005. Each shareholder will be
entitled to receive $0.18 per share, pre-withholding tax of 25% which will be
paid on approximately November 15, 2005. The Company believes that its capital
resources are sufficient to continue to expand and grow its business after the
payment of this dividend to its shareholders, which will total approximately
$1,087,000.
TAT, together with its subsidiaries, is principally engaged in the manufacture,
repair and overhaul of heat transfer equipment, such as heat exchangers,
precoolers and oil/fuel hydraulic coolers used in aircraft, defense systems,
electronic equipment and other applications. In addition the company
manufactures and overhauls aircraft accessories and systems such as APU's,
Landing Gears, Propelellers, pumps, valves, Power Systems, Turbines, etc.
At the company:
Mr. Israel Ofen,
Executive Vice-President and Chief Financial Officer,
+972-8-859-5411
SIGNATURES
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, thereunto duly authorized.
TAT TECHNOLOGIES LTD.
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(Registrant)
By: /s/Israel Ofen
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Israel Ofen
Executive Vice President and
Chief Financial Officer
Date: August 31, 2005