SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 15 - SEGMENT INFORMATION

a. Segment Activities Disclosure:

TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories mainly through our 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 (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 evaluate segment performance and allocate 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:

	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			Elimination of inter-Company sales			Consolidated
Revenues external	$	36,466	$	40,783	$	67,475		$	7,392			-		$	152,116
Revenues internal		-		3,080		-			-			(3,080	)		-
Cost of revenues		24,965		35,978		56,798			4,823			(3,462	)		119,102
Gross profit		11,501		7,885		10,677			2,569			382			33,014
Research and development		481		582		-			185			-			1,248
Selling and marketing		2,300		2,039		2,968			439			-			7,746
General and administrative		3,291		3,271		4,880			459			-			11,901
Other segment expenses (income)*		-		5		* (388	)		(415	)		415			(383	)
Operating income	$	5,429	$	1,988	$	3,217		$	1,901		$	(33	)	$	12,502
Financial expenses, net
															(1,949	)
Profit before tax benefits														$	10,553

*Gain profit from fixed asset sales

	Year ended December 31, 2023
	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	$	27,555	$	28,625		$	50,760		$	6,854			-		$	113,794
Revenues internal		-		4,370			-			-			(4,370	)		-
Cost of revenues		20,193		30,176			41,788			4,110			(4,941	)		91,326
Gross profit		7,362		2,819			8,972			2,744			571			22,468
Research and development		159		177			268			111			-			715
Selling and marketing		1,618		1,539			2,040			326			-			5,523
General and administrative		2,772		3,436			3,555			825			-			10,588
Other segment expenses (income)		9		(3	)		*(439	)		(423	)		423			(433	)
Operating income	$	2,804	$	(2,330	)	$	3,548		$	1,905		$	148		$	6,075
Financial expenses, net																(1,330	)
Profit before tax benefits															$	4,745

*Gain profit from fixed asset sales

	Year ended December 31, 2022
	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	$	21,844		$	21,063		$	35,879		$	5,770		-		$	84,556
Revenues internal		-			3,733			-			-		(3,733	)		-
Cost of revenues		18,778			20,750			28,890			3,495		(3,285	)		68,628
Gross profit (loss)		3,066			4,046			6,989			2,275		(448	)		15,928
Research and development		193			54			286			19		(74	)		479
Selling and marketing		1,936			926			2,383			330		54			5,629
General and administrative		3,226			2,462			3,686			594		2			9,970
Other segment expenses (income)		(1,566	)		(52	)		(18	)		-		1,547			(90	)
Restructuring expenses, net		975			618			-			122		-			1,715
Operating income (loss)	$	(1,698	)	$	38		$	652		$	1,210	$	(1,977	)	$	(1,775	)
Financial expenses, net																127
Profit (loss) before taxes on income															$	(1,648	)

c. The following financial information identifies the assets, depreciation and amortization, and capital expenditures to segments:

	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

	Year ended December 31, 2023
	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		39,131		42,491		58,023		9,400		(3,468	)		145,577
Depreciation and amortization		557		878		3,078		268		(71	)		4,710
Expenditure for segment assets		1,352		252		3,519		458					5,581