earnings
confidence high
sentiment positive
materiality 0.80
Loar Q3 net sales $103.5M (+25% YoY); raises FY2024 guidance, issues 2025 outlook
Loar Holdings Inc.
2024-Q3 EPS reported
$0.20
revenue$292,378,000
- Net sales of $103.5M, up 25.0% YoY; net income $8.7M vs $2.9M prior year.
- Adjusted EBITDA $38.1M, up 31.8% YoY; margin 36.8% (34.9% prior year).
- FY2024 net sales guidance raised to $390-394M; Adjusted EBITDA to $141-143M (from $134-136M).
- FY2025 initial guidance: net sales $470-480M, Adjusted EBITDA $176-180M.
- Diluted EPS Q3 $0.09, adjusted EPS $0.15; FY2024 adjusted EPS guidance $0.35-0.37.