Report of Foreign Issuer (6-k)

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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 2018

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 ☒ 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 ☐

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 dated August 30, 2018 re TAT Technologies Ltd. Reports Second Quarter 2018 Results.

ITEM 1

Press Release

Source: TAT Technologies Limited

TAT Technologies Reports Second Quarter 2018 Results

GEDERA, Israel, August 30, 2018 - TAT Technologies Ltd. (NASDAQ: TATT - News) (“TAT” or the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three month and six month periods ended June 30, 2018.

Key Financial Highlights:

·	Revenues for Q2 2018 were $24.8 million compared with $26.6 million in Q2 2017. Revenues for the six-month period that ended on June 30, 2018 were $49.2 million compared with $53.6 million in the six-month period that ended on June 30, 2017.

·	Adjusted EBITDA for Q2 2018 was $(0.3) million compared with $2.4 million in Q2 2017. Adjusted EBITDA for the six-month period that ended on June 30, 2018 was $0.05 million compared with $5.3 million in the six-month period that ended on June 30, 2017.

·	GAAP net loss was $1.4 million, or $0.16 per diluted share in Q2 2018 compared with a net income of $0.6 million, or $0.07 per diluted share in Q2 2017.

·	Non-GAAP net loss of $1.2 million, or $0.14 per diluted share in Q2 2018, compared with non-GAAP net income of $0.8 million, or $0.09 per diluted share in Q2 2017.

Mr. Igal Zamir, CEO and President of TAT Technologies stated, “The first six months of 2018 were challenging. We suffered from delay in order intake. Also, as a preparation for 2018 we invested in employees and machinery which caused an increased level of expenses. Starting Q2 we initiated a plan to increase sales and streamline operations which I expect will improve the results in the second half of 2018. Our increased back-log keeps me optimistic about the future of the company. During the first six months of 2018 we won several long-term strategic contracts with expected revenue over the next few years of approximately USD60M. These contracts position us in the front line of MRO companies both to aircraft manufactures and leading airlines around the world.”

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents a Non-GAAP presentation of Net Income and Adjusted EBITDA. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors a more complete understanding of the Company’s underlying operational results, trends and performance. Non-GAAP Net Income excludes changes, income or losses, as applicable, related to one or more of the following: (1) share-based compensation expenses and/or (2) certain tax impact and/or (3) acquisition related expenses and/or (4) share in results of equity investment of affiliated companies. Adjusted EBITDA is calculated as net income before the Company's share in results and sale of equity investment of affiliated companies, share-based compensation, taxes on income, financial (expenses) income, net, and depreciation and amortization. Non-GAAP Net Income and Adjusted EBITDA, however, should not be considered as alternatives to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor they are meant to be predictive of potential future results. Non-GAAP Net Income and Adjusted EBITDA are not measures of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of GAAP Net Income to Non-GAAP Net Income and Adjusted EBITDA in pages 9 and 13 below.

About TAT Technologies LTD

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through its 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 through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT controlling shareholders is the FIMI Private Equity Fund.

TAT’s activities in the area of 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 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.

TAT’s activities in the area of 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.

TAT’s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. 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.

For more information of TAT Technologies Ltd., please visit our web-site:

www.tat-technologies.com

Contact:

Ms. Inna Shpringer

MARCOM Manager

Tel: 972-8-862-8594

innas@tat-technologies.com

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as "forward-looking statements" for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management's current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, the price and continuity of supply of component parts used in our operations, the change of control that will occur on the sale by the receiver of the Company’s shares held by our previously controlling stockholders, and other risks detailed from time to time in the Company's filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands)

	June 30,			December 31,
	2018			2017
	(unaudited)			(audited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	15,186		$	17,514
Short-term bank deposits		470			470
Accounts receivable, net		22,596			25,744
Other current assets and prepaid expenses		2,797			2,363
Inventory, net		38,560			38,630

Total current assets		79,609			84,721

NON-CURRENT ASSETS:
Investment in affiliates		1,132			1,192
Funds in respect of employee rights upon retirement		2,499			2,779
Deferred income taxes		623			937
Intangible assets, net		978			1,045
Property, plant and equipment, net		21,636			21,321

Total non-current assets		26,868			27,274

Total assets	$	106,477		$	111,995

LIABILITIES AND EQUITY

CURRENT LIABILITIES:
Accounts payable		8,423			9,348
Accrued expenses		6,439			8,331

Total current liabilities		14,862			17,679

NON CURRENT LIABILITIES:
Other long-term liabilities		225			146
Liability in respect of employee rights upon retirement		2,932			3,235
Deferred income taxes		1,992			2,361

Total non-current liabilities		5,149			5,742

Total liabilities		20,011			23,421

EQUITY:
Share capital		2,809			2,802
Additional paid-in capital		65,382			65,073
Treasury stock at cost		(2,088	)		(2,088	)
Accumulated other comprehensive income (loss)		(171	)		135
Retained earnings		20,534			22,652
Total shareholders' equity		86,466			88,574

Total liabilities and shareholders' equity	$	106,477		$	111,995

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except share and per share data)

	Three months ended						Six months ended						Year ended
	June 30,												December 31,
	2018			2017			2018			2017			2017
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Audited)

Revenues:
Products	$	6,160		$	9,369		$	12,996		$	18,919		$	36,053
Services		18,672			17,199			36,193			34,730			70,474
		24,832			26,568			49,189			53,649			106,527

Cost of goods:
Products		6,451			7,532			12,981			14,443			28,096
Services		15,784			13,993			30,439			28,606			57,987
		22,235			21,525			43,420			43,049			86,083
Gross Profit		2,597			5,043			5,769			10,600			20,444

Operating expenses:
Research and development, net		176			176			495			405			731
Selling and marketing		1,265			1,296			2,635			2,438			4,974
General and administrative		2,576			2,239			4,746			4,506			9,409
Other loss		-			-			-			28			53
		4,017			3,711			7,876			7,377			15,167
Operating income (loss)		(1,420	)		1,332			(2,107	)		3,223			5,277

Financial income (expenses), net		21			(100	)		19			(272	)		(338	)

Income (loss) before taxes on income		(1,399	)		1,232			(2,088	)		2,951			4,939

Taxes on income		(95	)		535			(30	)		1,033			2,333

Income (loss) before equity investment		(1,304	)		697			(2,058	)		1,918			2,606

Share in results of affiliated company		(70	)		(86	)		(60	)		(106	)		(210	)

Net income (loss)	$	(1,374	)	$	611		$	(2,118	)	$	1,812		$	2,396

Basic and diluted income (loss) per share

Net income (loss) per share	$	(0.16	)	$	0.07		$	(0.24	)	$	0.21		$	0.27

Weighted average number of shares outstanding
Basic		8,862,473			8,828,444			8,855,251			8,828,444			8,848,028
Diluted		8,876,232			8,832,080			8,887,641			8,892,756			8,909,072

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

	Three months ended						Six months ended						Year ended
	June 30,												December 31,
	2018			2017			2018			2017			2017
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Audited)

Net income (loss)	$	(1,374	)	$	611		$	(2,118	)	$	1,812		$	2,396
Other comprehensive income
Net unrealized losses from derivatives		(288	)		(227	)		(348	)		(324	)		(686	)
Reclassification adjustments for gains included in net income and inventory		128			336			42			873			894
Total other comprehensive income (loss)	$	(1,534	)	$	720		$	(2,424	)	$	2,361		$	2,604

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP RESULTS (UNAUDITED)

(In thousands, except share and per share data)

	Three months ended
	June 30,
	2018			2017

Reported net income (loss) on GAAP basis	$	(1,374	)	$	611
Adjustments:
Share in results of affiliated company		70			86
Share based compensation		64			58
Non-GAAP net income (loss)	$	(1,240	)	$	755

Non-GAAP net income per share (loss)	$	(0.14	)	$	0.09

Weighted average number of shares outstanding
Basic		8,862,473			8,828,444
Diluted		8,876,232			8,832,080

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In thousands, except share data)

	TAT Technologies Ltd. Shareholders
	Share capital						Accumulated
	Number of shares issued		Amount		Additional paid-in capital		other comprehensive income (loss)			Treasury shares			Retained earnings			Total equity

BALANCE AT DECEMBER 31, 2015 (audited)		9,082,817	$	2,793	$	64,529	$	(4	)	$	(2,088	)	$	26,194		$	91,424
CHANGES DURING THE YEAR ENDED DECEMBER 31, 2016 (audited):
Comprehensive income (loss)		-		-		-		(69	)		-			62			(7	)
Share based compensation expenses		-		-		105		-			-			-			105
Exercise of options		20,100		4		126		-			-			-			130
Dividend distributed		-		-		-		-			-			(3,000	)		(3,000	)
BALANCE AT DECEMBER 31, 2016 (audited)		9,102,917	$	2,797	$	64,760	$	(73	)	$	(2,088	)	$	23,256		$	88,652
CHANGES DURING THE YEAR ENDED DECEMBER 31, 2017 (audited):
Comprehensive income		-		-		-		208			-			2,396			2,604
Share based compensation expenses		-		-		174		-			-			-			174
Exercise of options		19,584		5		139		-			-			-			144
Dividend distributed		-		-		-		-			-			(3,000	)		(3,000	)
BALANCE AT DECEMBER 31, 2017 (audited)		9,122,501	$	2,802	$	65,073	$	135		$	(2,088	)	$	22,652		$	88,574
CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2018 (unaudited):
Comprehensive loss		-		-		-		(306	)		-			(2,118	)		(2,424	)
Share based compensation expenses		-		-		119		-			-			-			119
Exercise of options		26,668		7		190		-			-			-			197
BALANCE AT JUNE 30, 2018 (unaudited)		9,149,169	$	2,809	$	65,382	$	(171	)	$	(2,088	)	$	20,534		$	86,466

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

	Three months ended						Six months ended						Year ended
	June 30,												December 31,
	2018			2017			2018			2017			2017
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Audited)

CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss) attributable to TAT Technologies Ltd. shareholders	$	(1,374	)	$	611		$	(2,118	)	$	1,812		$	2,396

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization		1,029			980			2,037			1,949			3,941
Loss on sale of property, plant and equipment		-			-			-			28			54
Interest from short-term bank deposits and restricted deposits		-			-			-			-			(6	)
Loss (gain) from change in fair value of derivatives		174			(43	)		386			(60	)		(490	)
Provision for doubtful accounts		127			19			127			38			321
Share in results of affiliated company		70			86			60			106			210
Share based compensation		64			58			119			115			174
Liability in respect of employee rights upon retirement		(120	)		68			(303	)		170			241
Deferred income taxes, net		(231	)		(342	)		(55	)		(284	)		382
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts receivable		3,334			(1,820	)		3,022			(1,285	)		(4,493	)
Decrease (increase) in other current assets and prepaid expenses		(848	)		324			(748	)		(618	)		488
Decrease in inventory		2,352			1,407			88			2,672			210
Increase (decrease) in trade accounts payable		(3,117	)		67			(1,032	)		(1,371	)		578
Decrease in accrued expenses		(2,058	)		(1,613	)		(1,892	)		(383	)		(1,505	)
Increase (decrease) in other long-term liabilities		101			(11	)		79			25			(5	)
Net cash provided by (used in) operating activities	$	(497	)	$	(209	)	$	(230	)	$	2,914		$	2,496

CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in affiliated company		-			(164	)		-			(251	)		(383	)
Funds in respect of employee rights upon retirement		(65	)		(35	)		(22	)		(71	)		(156	)
Proceeds from sale of property and equipment		-			-			7			-			-
Purchase of property and equipment		(735	)		(809	)		(2,185	)		(1,429	)		(3,520	)
Maturities of short-term deposits		-			500			-			500			500
Cash flows used in investing activities	$	(800	)	$	(508	)	$	(2,200	)	$	(1,251	)	$	(3,559	)

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)

(In thousands)

	Three months ended						Six months ended						Year ended
	June 30,												December 31,
	2018			2017			2018			2017			2017
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)			(Audited)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of cash dividend		-			(3,000	)		-			(3,000	)		(3,000	)
Exercise of options		102			-			102			-			144
Cash flows provided by (used in) financing activities	$	102		$	(3,000	)	$	102		$	(3,000	)	$	(2,856	)

Net decrease in cash and cash equivalents		(1,195	)		(3,717	)		(2,328	)		(1,337	)		(3,919	)

Cash and cash equivalents at beginning of period		16,381			23,813			17,514			21,433			21,433

Cash and cash equivalents at end of period	$	15,186		$	20,096		$	15,186		$	20,096		$	17,514

TAT TECHNOLOGIES AND ITS SUBSIDIARIES

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)

(In thousands)

	Three months ended					Six months ended					Year ended
	June 30,					June 30,					December 31,
	2018			2017		2018			2017		2017

Net income (loss)	$	(1,374	)	$	611	$	(2,118	)	$	1,812	$	2,396
Adjustments:

Share in results of affiliated company		70			86		60			106		210
Taxes on income		(95	)		535		(30	)		1,033		2,333
Financial expenses (income), net		(21	)		100		(19	)		272		338
Depreciation and amortization		1,029			980		2,037			1,949		3,941
Share based compensation		64			58		119			115		174
Adjusted EBITDA	$	(327	)	$	2,370	$	49		$	5,287	$	9,392

SIGNATURE

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.