TAT Technologies reports year 2013 first quarter results

TAT Technologies, a leading provider of services and products to the commercial and military aerospace and ground defense industries, reported its results for the three month period ended March 31, 2013. TAT announced revenues of $21.5m and net income of $1.7m for the three months ended March 31, 2013, compared to revenues of $20.7m with net income of $0.6m for the three months ended March 31, 2012, an increase of 4.1% in revenues along with an increase of $1.1m in net income. During the first quarter of 2013, revenues were impacted by the increase in revenues in the MRO Services for Aviation Components operating segment; the increase in revenues in the Heat Transfer Services and Products operating segment; the increase in revenues in the OEM of Electric Motion Systems operating segment; partially offset by the decrease in revenues in the OEM of Heat Management Solutions operating segment.