Bank of America just raised its EUR/USD forecast
Investing.com -- Loar Holdings Inc. (NYSE:LOAR) reported first quarter earnings that exceeded analyst expectations, but saw its stock fall 4.7% as investors appeared to focus on other factors.
The aerospace and defense supplier posted adjusted earnings per share of $0.20 for the first quarter, beating the analyst consensus estimate of $0.19. Revenue came in at $114.7 million, up 24.8% YoY from $91.9 million in the same quarter last year.
Despite the earnings beat and strong revenue growth, Loar’s stock declined following the report. The company raised its full-year 2025 guidance, now expecting net sales between $482 million and $490 million, up from its previous outlook of $480 million to $488 million. Adjusted EBITDA guidance was also increased to between $182 million and $185 million.
"We began 2025 with excellent momentum from strong demand across our end-markets," said Dirkson Charles, Loar CEO and Executive Co-Chairman. "In the quarter, sales to our Original Equipment, Commercial Aftermarket and Defense markets were all records for any quarter in Loar’s history."
The company reported net income of $15.3 million for the quarter, a significant increase from $2.2 million in the year-ago period. Adjusted EBITDA rose 30.6% to $43.1 million, marking the 11th consecutive quarter of growth.
Loar’s organic net sales, which exclude acquisitions, increased 11.1% to $102.0 million. The company noted strong demand and operational execution resulted in operating cash flow of $28.4 million for the quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.