earnings
confidence high
sentiment positive
materiality 0.80
Loar Holdings Q2 net sales $97M (+31% YoY); raises FY2024 guidance
Loar Holdings Inc.
2024-Q2 EPS reported
$0.11
revenue$188,859,000
- Q2 EPS $0.09; adjusted EPS $0.13 vs prior year net income of $0.6M.
- Net sales $97.0M, up 31.1% YoY; organic net sales growth of 17.0%.
- Adjusted EBITDA $35.0M, up 26.3% YoY; Adjusted EBITDA margin 36.1%.
- FY2024 guidance raised: net sales $374-378M, adj EBITDA $134-136M, adj EPS $0.44-0.46.
- Acquisition of Applied Avionics cited as future growth driver.