Loar Holdings Inc. Q3 2024 Financial Performance Overview

Loar Holdings Inc. announced its third-quarter 2024 results, highlighting a significant financial upturn. The company reported net sales of $103.5 million, a 25% increase from the previous year. Net income rose to $8.7 million, marking a $5.8 million increase from 2023, while diluted earnings per share reached $0.09. Adjusted EBITDA grew by 31.8%, reaching $38.1 million with a margin improvement to 36.8%.

Year-to-date figures showcased net sales of $292.4 million, a 26.5% increase from last year. The strong performance was supported by strategic execution across commercial and defense markets. The 2024 outlook was revised, projecting net sales between $390 to $394 million, and adjusted EBITDA between $141 to $143 million.

Looking ahead, Loar expects 2025 net sales to range between $470 million and $480 million, with net income estimated between $33.0 million and $37.0 million.