Loar Holdings completes acquisition of Applied Avionics, files amended 8-K with financials

Loar Holdings Inc.

Loar Holdings (LOAR) acquired Applied Avionics (AAI), a manufacturer of MIL-Spec illuminated switches and avionic components.
AAI reported net sales of $36.98M and net income of $14.45M for the year ended December 27, 2023.
Filing includes audited financials for AAI for 2023 and unaudited financials for H1 2024, plus pro forma statements.
AAI had total assets of $22.12M and stockholders' equity of $17.02M as of December 27, 2023.

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