NYSE$LOAR
Loar Holdings Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Loar Holdings Inc. reported record results, driven by strong demand in commercial and defense end-markets, and provided upward revision to 2024 and initial 2025 guidance.
Loar Holdings Inc. reported a strong Q3 2024 with record net sales of $103.5 million, a 25.0% increase compared to the prior year's quarter. Net income also rose to $8.7 million, up from $2.9 million in the same quarter last year. Adjusted EBITDA reached $38.1 million, a 31.8% increase year-over-year. The company revised its full-year 2024 guidance upward and provided initial guidance for 2025, reflecting confidence in continued growth.
- Net sales increased by 25.0% to $103.5 million compared to the prior year’s quarter.
- Net income increased to $8.7 million, up from $2.9 million in the prior year’s quarter.
- Adjusted EBITDA increased by 31.8% to $38.1 million compared to the prior year’s quarter.
- Adjusted Earnings Per Share of $0.15.
Headline financials
Revenue & EPS history
Loar Holdings Inc · Revenue · Quarterly
$104M
Forward guidance
Loar Holdings Inc. revised its full-year 2024 guidance upward and provided initial guidance for 2025.
Tailwinds
- Net sales between $390 and $394 million for 2024.
- Adjusted EBITDA between $141 and $143 million for 2024.
- Commercial, Business Jet, and General Aviation OEM growth of high double-digits for 2024.
- Commercial, Business Jet, and General Aviation aftermarket growth of mid double-digits for 2024.
- Defense growth of high double-digits for 2024.
Headwinds
- Net income between $19.0 and $20.0 million for 2024.
- Net income margin approximately 5% for 2024.
- Adjusted Earnings Per Share between $0.35 and $0.37 for 2024.
- Interest expense approximately $54 million for 2024.
- Diluted Earnings per share – between $0.20 and $0.22 for 2024
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 Q3 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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