NYSE$LOAR
Loar Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Loar Holdings Inc. reported record results for the second quarter of 2024, with net sales up 31.1% year-over-year and net income increasing significantly.
Loar Holdings Inc. reported a strong second quarter in 2024, marked by record net sales of $97.0 million, a 31.1% increase compared to the prior year. Net income rose to $7.6 million, and adjusted EBITDA reached $35.0 million, driven by exceptional commercial aftermarket growth.
- Net sales reached $97.0 million, a 31.1% increase year-over-year.
- Net income was $7.6 million, significantly up from $0.6 million in the prior year's quarter.
- Earnings per share was $0.09.
- Adjusted EPS was $0.13.
Headline financials
Revenue & EPS history
Loar Holdings Inc · Revenue · Quarterly
$97M
Forward guidance
Loar Holdings Inc. revised its full year 2024 guidance upward, expecting strong demand drivers across its end-markets.
Tailwinds
- Net sales are projected to be between $374 million and $378 million.
- Net income is expected to be between $28.4 million and $29.6 million.
- Adjusted EBITDA is anticipated to be between $134 million and $136 million.
- Net income margin is estimated to be approximately 8%.
- Adjusted Earnings Per Share is projected to be between $0.44 and $0.46.
Headwinds
- Interest expense is expected to be approximately $42 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 8 quarterly earnings reports · overlaid with Q2 2024
+4.2%
Avg return
Earnings day
+4.4%
Avg return
5 days after
+10.9%
Avg return
30 days after
60%
6 / 10 earnings
Positive
+19.9%
Q2 2024
Best reaction
-6.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.0% | -1.6% | +2.3% | |
| Q4 2025 | +1.0% | +6.4% | -18.1% | |
| Q3 2025 | -2.7% | -12.8% | -4.5% | |
| Q4 2024 | +7.1% | +5.3% | +43.4% | |
| Q3 2024 | -6.7% | -7.0% | -10.2% | |
| Q3 2023 | -6.7% | -7.0% | -10.2% | |
| Q2 2023 | +19.9% | +20.3% | +26.0% | |
| Q2 2024 | +19.9% | +20.3% | +26.0% | |
| Q1 2023 | +6.6% | +9.9% | +27.0% | |
| Q1 2024 | +6.6% | +9.9% | +27.0% | |
| Q4 2023 | — | — | — | |
| Q4 2022 | — | — | — | |
| Q3 2022 | — | — | — | |
| Q2 2022 | — | — | — | |
| Q1 2022 | — | — | — |
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