TAT Technologies, Ltd. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported total revenues of $23,039,000 against $23,390,000 a year ago. Operating income was $1,235,000 against $953,000 a year ago. Income before income taxes was $1,218,000 against $619,000 a year ago. Net income attributable to company was $361,000 against $117,000 a year ago. Basic and diluted net income per share was $0.04 against $0.01 a year ago. During the fourth quarter of 2012, revenues were impacted by (i) the decrease in revenues in the Heat Transfer Services and Products segment; (ii) similar revenues in the OEM of Heat Management Solutions segment; (iii) similar revenues in the OEM of Electric Motion Systems segment; partially offset by (iv) the increase in revenues in the MRO Services for Aviation Components segment.

For the year, the company reported revenues of $87,922,000 against $85,397,000 a year ago. Operating income was $4,601,000 against operating loss of $1,590,000 a year ago. Income before income taxes was $4,420,000 against loss before income taxes of $1,730,000 a year ago. Net loss attributable to company was $1,483,000 against $1,030,000 a year ago. Basic and diluted net loss per share was $0.17 against $0.12 a year ago.

At a meeting of the Board of Directors of the company held on March 19, 2013, Mr. Zeev Birnboim was elected as the new Chairman of the Board of Directors, to serve in such capacity until the 2013 Annual General Meeting of the company, expected to be held by the end of June.