Financial Performance - Net sales for Q1 2025 reached $114.7 million, an increase of $22.8 million or 24.8% compared to the prior year's quarter[3] - Net income for the quarter increased to $15.3 million, up $13.1 million from $2.2 million in the comparable quarter a year ago[4] - Adjusted EBITDA for the quarter was $43.1 million, reflecting a 30.6% increase or $10.1 million compared to the prior year's quarter[5] - Adjusted EBITDA margin improved to 37.6%, compared to 36.0% in the first quarter of the prior year[5] - Gross profit for Q1 2025 was $59,706,000, up 34% from $44,433,000 in Q1 2024[22] - Net income for Q1 2025 was $15,316,000, compared to $2,249,000 in Q1 2024, representing a significant increase[22] - Adjusted EBITDA for Q1 2025 was $43,133,000, a 30.5% increase from $33,030,000 in Q1 2024[24] - Net income margin improved to 13.4% in Q1 2025 from 2.4% in Q1 2024[24] - The company reported a net income margin of 13.4% for the quarter, significantly improved from 2.4% in the prior year's quarter[6] Cash Flow and Assets - Operating cash flow for Q1 2025 was $28.4 million, highlighting strong cash generation capabilities[8] - Cash and cash equivalents at the end of Q1 2025 were $80,498,000, up from $28,152,000 at the end of Q1 2024[23] - Operating cash flow for Q1 2025 was $28,360,000, significantly higher than $10,813,000 in Q1 2024[23] - Total assets as of March 31, 2025, were $1,478.8 million, an increase from $1,450.6 million at the end of 2024[21] Outlook and Guidance - The company revised its full-year 2025 outlook, expecting net sales between $482 million and $490 million, up from previous guidance of $480 million to $488 million[11] - Adjusted earnings per share for the full year are expected to be between $0.71 and $0.76, up from the previous range of $0.70 to $0.75[11] - The company anticipates continued strong demand, with commercial and defense market growth projected in high single to double digits[11] Segment Performance - Total sales in the Commercial Aerospace segment for Q1 2025 were $79,325,000, compared to $66,956,000 in Q1 2024, reflecting a growth of 18.4%[26] Earnings Per Share - The company reported a diluted earnings per share of $0.16 for Q1 2025, consistent with the previous year[27] - Adjusted earnings per share for Q1 2025 increased to $0.20, compared to the previous year[27]
Loar Holdings Inc.(LOAR) - 2025 Q1 - Quarterly Results