Loar Holdings Inc.(LOAR) - 2025 Q3 - Quarterly Results

Financial Performance - Loar Holdings Inc. reported Q3 2025 net sales of $126.8 million, an increase of 22.4% year-over-year[4] - Net income for Q3 2025 was $27.6 million, up 218.9% compared to the same quarter last year[7] - Adjusted EBITDA for Q3 2025 was $49.1 million, reflecting a 28.9% increase from the prior year[5] - Year-to-date net sales reached $364.5 million, a 24.7% increase over the comparable period last year[9] - The company anticipates full year 2025 net sales between $487 million and $495 million, revised upward from previous estimates[14] - Full year 2026 net income is projected to be between $70 million and $75 million, also revised upward[14] - Adjusted EBITDA margin for Q3 2025 improved to 38.7%, compared to 36.8% in the prior year[5] - The net income margin for the three months ended September 30, 2025, was 21.8%, compared to 8.4% in the same period of 2024[30] - Adjusted earnings per share (diluted) for the three months ended September 30, 2025, were $0.35, compared to $0.15 in the same period of 2024, reflecting a growth of 133.3%[35] - Adjusted net income for the nine months ended September 30, 2025, was $74.949 million, compared to $28.644 million in 2024, reflecting an increase of 161.5%[35] Cash Flow and Assets - The company generated $82 million of operating cash flow through the first nine months of 2025[9] - Cash and cash equivalents increased to $98,955,000 as of September 30, 2025, from $54,066,000 at the beginning of the period, showing an 83.5% increase[29] - The company reported a net cash provided by operating activities of $81,857,000 for the nine months ended September 30, 2025, compared to $34,243,000 for the same period in 2024[29] - Total assets grew to $1,534,046,000 as of September 30, 2025, up from $1,450,618,000 at the end of 2024, indicating a 5.8% increase[27] - Total liabilities increased to $373,850,000 as of September 30, 2025, compared to $362,113,000 at the end of 2024, reflecting a 3.3% rise[27] Sales Breakdown - Net sales for the three months ended September 30, 2025, increased to $126,751,000, a 22.4% rise from $103,519,000 in the same period of 2024[28] - Total commercial net sales for the nine months ended September 30, 2025, amounted to $255.188 million, compared to $210.226 million in 2024, marking a growth of 21.4%[34] - Defense segment net sales for the three months ended September 30, 2025, were $28.784 million, up from $21.962 million in the same period of 2024, an increase of 30.7%[34] - Non-aerospace net sales for the three months ended September 30, 2025, were $6.542 million, slightly down from $6.643 million in the same period of 2024, a decrease of 1.5%[34] - The company’s total net sales for the nine months ended September 30, 2025, reached $364.533 million, compared to $292.378 million in 2024, representing a growth of 24.7%[34] Acquisitions and Expenses - The company incurred $32,813,000 in payments for acquisitions during the nine months ended September 30, 2025, compared to $383,222,000 in the same period of 2024[29] Market Trends - Market indicators show upward trends, with airframe OEMs increasing production rates and global commercial traffic at record levels[12]