Business
Loar Holdings Inc. Reports Q1 2025 Record Results and Upward Revision to 2025 Outlook
WHITE PLAINS, NY / ACCESS Newswire / May 13, 2025 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the first quarter of 2025. First Quarter 2025 Net sales of $114.7 million, up 24.8% compared ...
About this update from Loar Holdings Inc.
[{"type":"text","content":"WHITE PLAINS, NY / ACCESS Newswire / May 13, 2025 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the first quarter of 2025.","length":234,"tagName":"p"},{"type":"text","content":"First Quarter 2025","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales of $114.7 million, up 24.8% compared to the prior year's quarter.","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $15.3 million, up $13.1 million compared to the prior year's quarter.","length":87,"tagName":"p"}]},{"val":[{"type":"text","content":"Diluted earnings per share of $0.16.","length":36,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $43.1 million, up 30.6% compared to the prior year's quarter.","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income margin for the quarter improved to 13.4% compared to the prior year's quarter net income margin of 2.4%.","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA Margin for the quarter improved to 37.6% compared to 36.0% for the prior year's quarter.","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted Earnings Per Share of $0.20.","length":37,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":550,"olType":false},{"type":"text","content":""We began 2025 with excellent momentum from strong demand across our end-markets," stated Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors. "In the quarter, sales to our Original Equipment, Commercial Aftermarket and Defense markets were all records for any quarter in Loar's history. In addition, Adjusted EBITDA reached a record $43.1 million, marking our 11th consecutive quarter of Adjusted EBITDA growth. This strong start and continued execution of our value drivers is setting us up well for an outstanding year."","length":573,"tagName":"p"},{"type":"text","content":"Loar reported net sales for the quarter of $114.7 million, an increase of $22.8 million or 24.8% over the prior year's quarter. Organically(1) net sales increased 11.1% or $10.2 million, to $102.0 million.","length":209,"tagName":"p"},{"type":"text","content":"Net income for th...