Loar acquires LMB Fans & Motors for €365M; reports record preliminary Q4/FY2024 results

Loar Holdings Inc.

Acquisition of LMB for ~€365M plus ~€44.3M net debt; funded via €400M incremental term loan from Blackstone Credit.
Expected close Q3 2025 after French regulatory approval and works council consultation; put option exclusivity through May 31, 2025.
Preliminary Q4 2024 net sales $108.1-110.1M (up from $86.4M YoY); Adj. EBITDA $39.0-39.8M (margin ~36.2%).
Preliminary FY 2024 net sales $400.5-402.5M; Adj. EBITDA $145.2-146.0M (margin ~36.3%); net income $21.2-21.8M vs prior year loss.
FY 2025 guidance reaffirmed: net sales $470-480M, Adj. EBITDA $176-180M; EPS $0.57-0.62; excludes LMB acquisition.

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