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Loar Holdings Inc.(LOAR) - 2025 Q2 - Earnings Call Presentation
2025-08-13 14:30
Financial Performance - Net sales increased by 26.9% to $123123 thousand in Q2 2025 compared to $97015 thousand in Q2 2024, with organic growth of 11.3%[42] - Gross profit increased by 39.3% in Q2 2025 due to a positive mix of higher margin products, value-based pricing, and optimized productivity[42] - Adjusted EBITDA increased by 34.5% to $47118 thousand in Q2 2025 compared to $35031 thousand in Q2 2024, with an Adjusted EBITDA Margin of 38.3% versus 36.1%[42] - Net income increased from $7641 thousand in Q2 2024 to $16713 thousand in Q2 2025[42] - The company expects to deliver 1%-3% of revenue growth annually through new product introductions[19] Portfolio and Market - In 2024, Commercial end market accounted for 42% of revenue, Defense 24%, Non-Aviation 7%, and Business Jet & General Aviation 27%[24] - Aftermarket accounted for 55% of 2024 revenue, while OEM accounted for 45%[24] - The A320 Family and 737 Family platforms represent 7% and 6% of annual sales respectively[36] - YTD Q2 2025, total sales increased by 11% compared to YTD Q2 2024, with Commercial up 13% and Defense up 24%[40] Outlook - The revised full year 2025 outlook projects net sales between $486 million and $494 million, and adjusted EBITDA between $184 million and $187 million[52] - The revised full year 2025 outlook projects adjusted EBITDA Margin of approximately 38.0%[52]