But my excitement really comes from looking forward to 2026 and the opportunity to break all those records we set last year. Look. Looking into the future, all our end markets have strong tailwinds. The commercial aftermarket has experienced an increase in the average age of the in-service fleet. Pre-COVID, the average was approximately 11 years. Today, it sits at fourteen-plus years. The older the fleet, the more demand for aftermarket parts. We love that. This is a trend we can expect to continue well int ...

Loar Holdings (NYSE:LOAR) Q4 2025 Earnings call February 26, 2026 10:30 AM ET Company ParticipantsBrett Milgrim - Executive Co-ChairmanDirkson Charles - CEO and Executive Co-ChairmanGlenn D'Alessandro - Treasurer and Chief Financial OfficerIan McKillop - Director of Investor RelationsKristine Liwag - Executive Director and Head of Aerospace and Defense Equity ResearchSheila Kahyaoglu - Managing Director and Airlines, Aerospace and Defense Equity ResearchConference Call ParticipantsJohn Godyn - Managing Dire ...

Loar Holdings (NYSE:LOAR) Q4 2025 Earnings call February 26, 2026 10:30 AM ET Speaker1Greetings, welcome to Loar Q4 and full year 2025 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone requires operator assistance during the conference, please press star 0 on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Ian McKillop, Direct ...

GAAP diluted EPS for the quarter was $0.99 per share, up $0.18 per share, or 22%, from last year. On an adjusted basis, EPS for Q4 this year was $1.10 per share, an increase of $0.29 per share, or 36%, compared to last year. Orders for the quarter were $647,000,000, up $201,000,000, or 45%, from last year. Orders in Q4 this year included $132,000,000 of acquired backlog. In terms of our fourth quarter group results, ESG's net sales were $504,000,000, an increase of $108,000,000, or 27%, compared to last yea ...

Core Insights - Boise Cascade Company (BCC) has successfully acquired Holden Humphrey, a prominent distributor of building materials, enhancing its market position in the northeastern United States [1][2][5] Company Overview - Holden Humphrey specializes in a variety of building product categories and is a significant supplier of James Hardie siding, serving customers across New England, New York, and New Jersey [2] - The acquisition is expected to add approximately $145 million in revenues to BCC, further solidifying its distribution partnerships with CertainTeed and Henry [3][9] Strategic Growth Initiatives - BCC prioritizes its Building Materials Distribution (BMD) segment as a key growth engine, operating 39 distribution facilities and a manufacturing plant across the U.S. [4] - The growth strategy includes expanding product offerings, increasing market penetration through acquisitions, and enhancing customer and supplier relationships [4][5] - The acquisition of Holden Humphrey aligns with BCC's strategy to broaden its geographic footprint and product range [5] Financial Performance - BCC's shares have increased by 14% over the past month, outperforming the Zacks Building Products - Wood industry's growth of 3.4% [7][9] - The company has made disciplined investments in acquisitions, totaling $5.6 million in the first nine months of 2025, including $2.2 million for a door and millwork operation [6] Market Challenges - Despite the positive growth initiatives, challenges such as slower single-family housing starts, lower volumes, and unfavorable commodity pricing remain concerns for the company [8]

Core Insights - The company reported strong financial results for Q3, with consolidated net sales of $555 million, reflecting a 17% year-over-year increase [3] - Adjusted EBITDA for the quarter was $116.2 million, up 25% compared to last year, indicating robust operational performance [3] - The company raised its full-year adjusted EPS outlook to a range of $4.09 to $4.17, up from the previous range of $3.92 to $4.10, driven by healthy demand and strong order intake [30][31] Financial Performance - ESG's net sales for the quarter were $466 million, a 17% increase year-over-year [1] - Operating income for ESG was $85.3 million, up 19% from the previous year [1] - SSG's net sales reached $90 million, an 18% increase compared to last year [5] - Consolidated operating income was $94 million, reflecting a 24% increase year-over-year [3] Order Intake and Backlog - Total orders for ESG were $371 million, a 5% increase year-over-year [1] - Order intake for the company was $467 million, a 10% increase compared to last year, marking the highest third-quarter order intake on record [2][20] - Backlog at the end of the quarter stood at $992 million, down 4% compared to Q3 last year [2] Margins and Earnings - The adjusted EBITDA margin for ESG was 22.5%, up 60 basis points year-over-year [1] - GAAP diluted EPS for the quarter was $1.11 per share, a 28% increase from the previous year [2] - Adjusted EPS was $1.14 per share, reflecting a 30% increase year-over-year [2] Strategic Initiatives and Growth Outlook - The company is focused on multiyear growth initiatives, including investments in productivity-enhancing projects and capacity expansions [15][25] - The acquisition of Hog Technologies is expected to contribute between $60 million and $65 million in net sales in 2025, up from previous estimates [24] - The company plans to continue its "Build More Parts" initiative to vertically integrate parts production, aiming for increased recurring revenue streams [28] Market Conditions and Demand - Demand for products and services remains strong, with particular strength in publicly funded safety and security products [21] - The company expects orders within the Environmental Solutions Group to increase in Q4, consistent with seasonal patterns [21] - The transition from third-party refuse trucks to New Way is anticipated to impact backlog dynamics in the coming quarters [35]