Overview
US aerospace components maker's Q1 sales rose 36% yr/yr, beating analyst expectations
Q1 adjusted EPS increased 21% yr/yr, beating analyst expectations
Company raised full-year 2026 sales and adjusted EPS guidance on strong demand
Outlook
Loar Holdings raises 2026 net sales guidance to $645 mln-$655 mln from $640 mln-$650 mln
Company lowers 2026 net income forecast to $53 mln-$57 mln from $59 mln-$63 mln
Loar expects commercial and general aviation OEM and aftermarket growth in low-double digits for 2026
Result Drivers
ACQUISITIONS AND ORGANIC GROWTH - Co said Q1 sales rose 36% yr/yr, driven by 11.4% organic growth and additional contributions from acquisitions
HIGHER INTEREST AND AMORTIZATION - Net income fell yr/yr, primarily due to higher interest expense, increased amortization of acquired intangible assets, and non-recurring inventory step-up from recent acquisitions
STRATEGIC EXECUTION - Adjusted EBITDA margin improved due to execution of strategic value drivers and accretive impact of increased sales
Company press release: ID:nACSsCKPxa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$156.09 mln
$149.65 mln (3 Analysts)
Q1 Adjusted EPS
Beat
$0.34
$0.16 (4 Analysts)
Q1 EPS
$0.12
Q1 Net Income
$11.14 mln
Q1 EBIT
$33.52 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)