JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
WHITE PLAINS, NY - Loar Holdings Inc. (NYSE:LOAR) reported record second quarter results on Wednesday, with net sales rising 26.9% year-over-year to $123.1 million, prompting the aerospace components manufacturer to raise its full-year guidance.
Net income for the quarter ended June 30 reached $16.7 million, up 118.7% from $7.6 million in the same period last year, while diluted earnings per share increased 88.9% to $0.17. Adjusted EBITDA grew 34.5% to $47.1 million, with adjusted EBITDA margin improving to 38.3% from 36.1% a year earlier.
"Strong execution of our value drivers, combined with the rich proprietary content of our diversified portfolio of capabilities aligned perfectly to achieve these record results in the second quarter," said Dirkson Charles, Loar CEO and Executive Co-Chairman.
The company reported growth across all end markets, with commercial OEM sales up 18%, commercial aftermarket sales rising 29%, and defense sales growing 51% compared to the second quarter of 2024.
Loar also announced the acquisition of Beadlight Ltd., a UK-based manufacturer of illumination solutions, air filtration systems, and human-machine interface products primarily for the commercial aerospace market. The acquisition was completed on July 28, marking Loar’s 18th acquisition since 2012.
Based on strong performance and the Beadlight acquisition, Loar raised its full-year 2025 outlook. The company now expects net sales between $486 million and $494 million, up from previous guidance of $482-$490 million, and adjusted EBITDA between $184 million and $187 million, compared to earlier projections of $182-$185 million.
The company also amended its credit agreement on August 1, reducing the interest rate by 50 basis points.
For the first six months of 2025, Loar reported net sales of $237.8 million, up 25.9% year-over-year, and net income of $32 million, a 223.9% increase from the comparable period in 2024.
The information in this article is based on a press release statement from Loar Holdings Inc.
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