Loar Holdings Inc. · NYSE:LOAR
Loar — Q4 2025 Earnings Presentation
20 slides from Loar's earnings presentation, Feb 26, 2026
Slide 1: Q4 and Full Year 2025 Earnings Presentation
Loar Holdings Inc. Q4 and Full Year 2025 Earnings Presentation Proprietary and Confidential 1
Slide 2: Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information
Forward Looking Statements & Special Notice Regarding Pro Forma and Non-GAAP Information Forward-Looking Statements This presentation includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts, including those that reflect
Slide 3: Agenda
Agenda • Our Value Drivers, Our Portfolio, Today’s Speakers: and Our Products • Dirkson Charles – CEO and Executive Co-Chairman of the Board of Directors • Q4 and Full Year 2025 Earnings Highlights • Brett Milgrim – Executive Co- Chairman of the Board of Directors • Glenn D’Alessandro – CFO and • Fu
Slide 4: Consistent and predictable performance…
Consistent and predictable performance… Consistently Exceeding our Guidance on Net Sales, Adjusted EBITDA, Adjusted EBITDA Margins and Cash Flow Conversion Delivering Operating Cash Flow over Net Income of Greater than 125% Continuous Improvement in Adjusted EBITDA Margins Welcomed LMB and Harper En
Slide 5: Simple approach to driving value…
Simple approach to driving value… Net Sales Adj. EBITDA $650 $258 $496 $189 $403 $146 $318 $113 $239 $183 $189 $83 $165 $63 $61 $113 $51 $94 $32 $38 $76 $23 $39 $42 $10 $9 $23 $2 $4 $7 2026G represent high-end of 2026 Revised Guide, see page 14 for more details, as well as the special notice regardi
Slide 6: A diverse and balanced portfolio…
A diverse and balanced portfolio… Loar Group specializes in the design, manufacture, and sale of niche components that are essential for today’s aerospace and defense systems. Products End Market(1) Aftermarket vs. OEM(1) (% of 2025 Revenue) (% of 2025 Revenue) Non-Aviation Non- 4% Aftermarket Propr
Slide 7: Adding one to two brands to our family of companies each year…
Adding one to two brands to our family of companies each year… Wide-Ranging Components Engineered Piston Ice Protection Systems and High Performance Component Manufacturer and Assemblies and Sealing Rings Drag Reduction Technologies Fans and Motors Illumination and Precision Water Purification High
Slide 8: Our newest family members…
Our newest family members… • Malemort-sur-Corrèze, France • Seattle, WA • Engineered Cooling Devices • Interior Securing Components • ~100% Proprietary • ~100% Proprietary • OE: ~70% AM:~30% • OE: ~60% AM:~40% • Military & Commercial • Commercial Niche Markets Significant Long-Standing Aerospace & P
Slide 9: Products that support every aspect of flight…
Products that support every aspect of flight… Diverse Portfolio Offering With Over 25,000 Products Offered No one part is more than approximately 3% of the company’s 2025 Net Sales* (*) Pro forma sales for full year 2025. Includes full year impact of the Beadlight, LMB Fans & Motors and Harper Engin
Slide 10: Results by End Market – Pro Forma
Results by End Market – Pro Forma(1) End Market Drivers Pro Forma(1) Net Sales Q4 2025 vs Total Commercial OEM: End Market Q4 2024 2025 vs. 2024 • Improving OEM production Total Commercial +8% +11% environment OEM Total Commercial Aftermarket: Total • Increases in global air traffic demand, Commerci
Slide 11: Quarterly Financial Results
Quarterly Financial Results Q4 Q4 $thousands 2025 2024 ∆ Net Sales 131,750 110,441 19.3% • Net sales up 16.9% organically Gross Profit 68,642 53,962 27.2% • Operating leverage, strategic value drivers, and favorable sales mix Margin 52.1% 48.9% Net Income 12,511 3,685 • Lower interest expense Adjust
Slide 12: Full Year Financial Results
Full Year Financial Results $thousands 2025 2024 ∆ • Net sales up 12.7% organically Net Sales 496,283 402,819 23.2% • Operating leverage, strategic value drivers, and favorable Gross Profit 261,325 198,825 31.4% sales mix Margin 52.7% 49.4% • Lower interest expense and higher income from operations
Slide 13: 2026 Market Assumptions
2026 Market Assumptions Total Commercial - Total Commercial - OEM Defense Aftermarket Low-double Digits Low-double Digits Mid-single Digits Proprietary and Confidential 13
Slide 14: Full Year 2026 Outlook Details
Full Year 2026 Outlook Details 2026 Previous Outlook* 2026 Revised Outlook* Low High Low High $millions except for Earnings Per Share $millions except for Earnings Per Share Net Sales $540 $550 Net Sales $640 $650 Adjusted EBITDA $209 $214 Adjusted EBITDA $253 $258 Adjusted EBITDA Margin ~39% Adjust
Slide 15: Full Year 2026 Outlook – Assumptions
Full Year 2026 Outlook – Assumptions Full Year 2026 Outlook Capital Expenditures ~ $19 million Full Year Interest Expense ~ $80 million Full Year Effective Tax Rate ~ 25% Depreciation and Amortization ~ $75 million Non-Cash Stock-Based Compensation ~ $17 million Diluted Share Count ~ 97 million shar
Slide 16: Appendix – Reconciliation of Net Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net Income to EBITDA and Adjusted EBITDA (in thousands unless otherwise indicated) Three Months Ended December 31, Year Ended December 31, 2025 2024 2025 2024 Net income $ 12,511 $ 3,685 $ 72,146 $ 22,231 Adjustments: Interest expense, net 6,713 13,780 25,665 52,112 Refi
Slide 17: Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (in thousands unless otherwise indicated) EBITDA & Adjusted EBITDA Reconciliations (dollars in thousands) 2017 October 2, 2017 Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended Year Ended 12 Month
Slide 18: Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA
Appendix – Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA (1) For the period January 1, 2017, through October 1, 2017 (“Predecessor Period”), the Company is referred to as the “Predecessor.” For the period October 2, 2017, through December 31, 2017 (“Successor Period”), the Compan
Slide 19: Appendix - Adjusted EBITDA margin drumbeat
Appendix - Adjusted EBITDA margin drumbeat Operating Leverage Winning Profitable New Business ~40.0% 38.1% 37.8% Executing on Productivity Initiatives 36.3% 36.4% 35.5% 34.7% Value-Based Pricing 32.2% 30.9% Initial Margin of Acquisitions 2020 2021 2022 2023 2024 2025 2026 Q4 2024 Q4 2025 Guide Publi
Slide 20: Appendix – Free Cash Flow Conversion Reconciliation
Appendix – Free Cash Flow Conversion Reconciliation Free Cash Flow Conversion ($000) 2025 Cash from Operations 112,280 CAPEX (13,023) 99,257 Net Income 72,146 OBBBA (10,000) Adjusted Net Income 62,146 FCF Conversion 160% Proprietary and Confidential 20