Loar Holdings Q1 net sales $91.8M (+23.7% YoY); net income turns positive; FY2024 outlook

Loar Holdings Inc.

2024-Q1 EPS reported $11023.54 revenue$91,844,000

Net sales of $91.8M, up 23.7% YoY; organic net sales up 11.1% to $82.5M.
Net income of $2.2M vs. net loss of $7.5M in Q1 2023; Adjusted EBITDA $33.0M (+23.0%).
FY2024 guidance: net sales $370-374M, Adj. EBITDA $132-134M, adj. EPS $0.41-0.43.
IPO closed April 29 raised $330M net; repaid $285M debt; new $50M revolver; rate cut 250 bps to SOFR+4.75%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Loar Holdings Inc. reported the quarter ended March 31, 2024 results: revenue $91.8 million, net income $2.2 million. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $91.8 million
Net income: $2.2 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

/ACCESSWIRE/ — Loar Holdings Inc. (NYSE: LOAR) (the “Company,” “we,” “us” and “our”), reported record results for the first quarter of 2024. First Quarter 2024 • Net sales of $91.8 million up 23.7% versus prior year’s quarter. • Net income for Q1 2024 was $2.2 million, up $9.8 million as compared to Q1 of 2023. • Adjusted EBITDA of $33.0 million, up 23.0% over

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Source: SEC EDGAR

accession 0001193125-24-137744

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