Loar Holdings Inc. - LOAR STOCK NEWS

Loar Holdings (NYSE:LOAR) has announced the pricing of its upsized public offering at $85.00 per share, consisting of 5,750,000 shares of common stock. The offering includes 3,852,500 shares from Loar and 1,897,500 shares from existing stockholders. The selling stockholders granted underwriters a 30-day option to purchase up to 862,500 additional shares.

The offering, expected to close on December 12, 2024, will be led by Jefferies and Morgan Stanley as lead book runners, with Moelis as joint book runner. Loar plans to use the net proceeds to repay borrowings under its credit agreement and for general corporate purposes. The company will not receive proceeds from shares sold by existing stockholders.

Loar Holdings (NYSE:LOAR) has launched a public offering roadshow for 4,750,000 shares of common stock. The offering includes 3,166,667 shares from Loar and 1,583,333 shares from existing stockholders. Selling stockholders will grant underwriters a 30-day option for an additional 712,500 shares.

The company plans to use its proceeds to repay credit agreement borrowings and for general corporate purposes. Jefferies and Morgan Stanley are leading the offering as book runners, with Moelis as joint book runner. Citigroup, RBC Capital Markets, and Blackstone are also participating in various roles.

The offering will proceed through an SEC-filed prospectus and is subject to market conditions and regulatory approval.

Loar Holdings (NYSE:LOAR) reported strong Q3 2024 results with net sales of $103.5 million, up 25% year-over-year, and net income of $8.7 million, up $5.8 million from Q3 2023. The company achieved an Adjusted EBITDA of $38.1 million, up 31.8%. Based on strong performance, Loar revised its 2024 guidance upward, projecting net sales between $390-394 million and Adjusted EBITDA between $141-143 million. For 2025, the company expects further growth with net sales of $470-480 million and Adjusted EBITDA of $176-180 million.

Loar Holdings (NYSE:LOAR) has scheduled its Q3 2024 earnings release for Wednesday, November 13, 2024, before market opening. The company will host a conference call at 10:30 a.m. Eastern Time. Participants can join via phone using the numbers +1 877-407-0670 (domestic) or +1 215-268-9902 (international). A live audio webcast will be accessible through the company's investor relations website, with a replay available later that day.

Loar Holdings Inc. (NYSE:LOAR) has completed the acquisition of Applied Avionics, Inc. for $385 million in cash. Applied Avionics specializes in designing and manufacturing highly engineered interface solutions for avionics and aerospace/defense electronics. Their brands, VIVISUN® and NEXSYS®, are preferred by leading aircraft retrofit providers and military contractors.

Key financial highlights:

• Applied Avionics' projected 2024 net sales: ~$40 million
• Projected 2024 Adjusted EBITDA: ~$21 million
• Expected tax benefits: ~$45 million
• Loar's projected net-debt-to-EBITDA ratio post-acquisition: <4.0x

This strategic acquisition is expected to strengthen Loar's position in the aerospace and defense electronics market.

Loar Holdings Inc. (NYSE:LOAR) reported record Q2 2024 results and revised its full-year guidance upward. Key highlights include:

- Net sales of $97.0 million, up 31.1% year-over-year
- Net income of $7.6 million, a significant increase from $0.6 million in Q2 2023
- Adjusted EBITDA of $35.0 million, up 26.3% year-over-year
- Earnings per share of $0.09, with Adjusted EPS at $0.13

The company raised its full-year 2024 outlook, now projecting:

- Net sales between $374-$378 million
- Net income between $28.4-$29.6 million
- Adjusted EBITDA between $134-$136 million
- Adjusted EPS between $0.44-$0.46

Loar expects strong demand across its end-markets, with mid-double-digit growth in commercial, business jet, general aviation, and defense sectors.

Loar Holdings Inc. (NYSE:LOAR) has announced its upcoming Q2 2024 earnings release and conference call schedule. The company will report its earnings before the market opens on Tuesday, August 13, 2024. This will be followed by a conference call at 10:30 a.m. Eastern Time.

Investors and interested parties can participate in the call telephonically by dialing +1 877-407-0670 (US) or +1 215-268-9902 (International). A live audio webcast will also be available through the company's investor relations website. For those unable to attend live, the webcast will be archived for later replay.

Loar Holdings Inc (NYSE:LOAR) has announced a definitive agreement to acquire Applied Avionics, Inc. for $385 million in cash. Applied Avionics, founded in 1968, specializes in designing and manufacturing highly engineered avionics interface solutions. The company's brands, VIVISUN® and NEXSYS®, are preferred by leading aircraft retrofit providers and military contractors. Applied Avionics is expected to generate approximately $40 million in sales and $21 million in adjusted EBITDA for 2024. Loar anticipates tax benefits of about $45 million from the transaction, resulting in an effective purchase price multiple of 16x Applied Avionics' 2024 adjusted EBITDA. The acquisition aligns with Loar's strategy to enhance its niche capabilities and proprietary product offerings, with over 75% of Applied Avionics' sales coming from the aftermarket.

Loar Holdings reported its Q1 2024 results, showing a strong performance with net sales of $91.8 million, a 23.7% increase from the previous year. Net income rose to $2.2 million, compared to a loss of $7.5 million in Q1 2023. Adjusted EBITDA also increased by 23% to $33.0 million. The net income margin improved to 2.4%. The company completed its IPO on April 29, raising $330 million, which was used to repay $285 million of debt. The revised credit agreement has extended debt maturity to 2030 and reduced interest rates. The full-year 2024 outlook projects net sales between $370 million and $374 million, with net income between $25.7 million and $27.1 million.