Loar Announces Put Agreement to Acquire LMB Fans & Motors and Record Preliminary Fourth Quarter and Full Year 2024 Results
Loar Holdings Inc. (NYSE:LOAR) has announced a put option to acquire LMB Fans & Motors for €365 million plus net debt. LMB is a global specialty manufacturer of customized high-performance fans and motors with over 2000 unique products and 75 employees globally.
The company also released preliminary Q4 and full year 2024 results, showing strong performance. Q4 2024 net sales are expected between $108.1-110.1 million (vs $86.4M prior year) with net income of $2.7-3.3 million. Full year 2024 preliminary results show net sales of $400.5-402.5 million (vs $317.5M prior year) and net income of $21.2-21.8 million.
For 2025, Loar projects net sales between $470-480 million, net income of $55-60 million, and adjusted EBITDA of $176-180 million. The LMB acquisition is expected to close in Q3 2025, subject to regulatory approvals.
Loar Holdings Inc. (NYSE:LOAR) ha annunciato un'opzione di acquisto per acquisire LMB Fans & Motors per 365 milioni di euro più debito netto. LMB è un produttore globale specializzato nella realizzazione di ventilatori e motori ad alte prestazioni personalizzati, con oltre 2000 prodotti unici e 75 dipendenti a livello globale.
La società ha anche pubblicato i risultati preliminari per il quarto trimestre e per l'intero anno 2024, mostrando una performance solida. Si prevede che le vendite nette del quarto trimestre 2024 siano comprese tra 108,1 e 110,1 milioni di dollari (rispetto ai 86,4 milioni dell'anno precedente), con un utile netto di 2,7-3,3 milioni di dollari. I risultati preliminari per l'intero anno 2024 mostrano vendite nette di 400,5-402,5 milioni di dollari (rispetto ai 317,5 milioni dell'anno precedente) e un utile netto di 21,2-21,8 milioni di dollari.
Per il 2025, Loar prevede vendite nette comprese tra 470 e 480 milioni di dollari, un utile netto di 55-60 milioni di dollari e un EBITDA rettificato di 176-180 milioni di dollari. Si prevede che l'acquisizione di LMB si concluda nel terzo trimestre del 2025, soggetta ad approvazioni normative.
Loar Holdings Inc. (NYSE:LOAR) ha anunciado una opción de compra para adquirir LMB Fans & Motors por 365 millones de euros más deuda neta. LMB es un fabricante global especializado en la producción de ventiladores y motores personalizados de alto rendimiento, con más de 2000 productos únicos y 75 empleados a nivel mundial.
La compañía también publicó resultados preliminares para el cuarto trimestre y el año completo 2024, mostrando un sólido desempeño. Se espera que las ventas netas del cuarto trimestre de 2024 estén entre 108,1 y 110,1 millones de dólares (frente a 86,4 millones del año anterior), con un ingreso neto de 2,7-3,3 millones de dólares. Los resultados preliminares para el año completo 2024 muestran ventas netas de 400,5-402,5 millones de dólares (frente a 317,5 millones del año anterior) y un ingreso neto de 21,2-21,8 millones de dólares.
Para 2025, Loar proyecta ventas netas entre 470 y 480 millones de dólares, un ingreso neto de 55-60 millones de dólares y un EBITDA ajustado de 176-180 millones de dólares. Se espera que la adquisición de LMB se cierre en el tercer trimestre de 2025, sujeta a aprobaciones regulatorias.
로어 홀딩스 주식회사 (NYSE:LOAR)는 LMB 팬 및 모터를 3억 6500만 유로와 순부채로 인수할 수 있는 풋옵션을 발표했습니다. LMB는 맞춤형 고성능 팬과 모터를 전문으로 하는 글로벌 제조업체로, 2000개 이상의 독특한 제품과 전 세계 75명의 직원을 보유하고 있습니다.
회사는 또한 2024년 4분기 및 연간 예비 실적을 발표했으며, 강력한 실적을 보여주었습니다. 2024년 4분기 순매출은 1억 810만 달러에서 1억 1010만 달러 사이로 예상되며(전년 8640만 달러 대비), 순이익은 270만 달러에서 330만 달러로 예상됩니다. 2024년 전체 예비 실적은 순매출이 4억 500만 달러에서 4억 250만 달러(전년 3억 1750만 달러 대비)이며, 순이익은 2120만 달러에서 2180만 달러로 예상됩니다.
2025년에는 로어가 순매출 4억 7000만 달러에서 4억 8000만 달러, 순이익 5500만 달러에서 6000만 달러, 조정된 EBITDA 1억 7600만 달러에서 1억 8000만 달러를 예상하고 있습니다. LMB 인수는 2025년 3분기에 마무리될 것으로 예상되며, 규제 승인을 받을 예정입니다.
Loar Holdings Inc. (NYSE:LOAR) a annoncé une option de vente pour acquérir LMB Fans & Motors pour 365 millions d'euros plus la dette nette. LMB est un fabricant spécialisé mondial de ventilateurs et de moteurs haute performance personnalisés, avec plus de 2000 produits uniques et 75 employés dans le monde entier.
L'entreprise a également publié des résultats préliminaires pour le quatrième trimestre et l'année complète 2024, montrant une performance solide. Les ventes nettes du quatrième trimestre 2024 devraient se situer entre 108,1 et 110,1 millions de dollars (contre 86,4 millions de dollars l'année précédente), avec un bénéfice net de 2,7 à 3,3 millions de dollars. Les résultats préliminaires pour l'année complète 2024 montrent des ventes nettes de 400,5 à 402,5 millions de dollars (contre 317,5 millions de dollars l'année précédente) et un bénéfice net de 21,2 à 21,8 millions de dollars.
Pour 2025, Loar prévoit des ventes nettes entre 470 et 480 millions de dollars, un bénéfice net de 55 à 60 millions de dollars et un EBITDA ajusté de 176 à 180 millions de dollars. L'acquisition de LMB devrait être finalisée au troisième trimestre 2025, sous réserve des approbations réglementaires.
Loar Holdings Inc. (NYSE:LOAR) hat eine Kaufoption angekündigt, um LMB Fans & Motors für 365 Millionen Euro zu erwerben, zuzüglich Nettoverschuldung. LMB ist ein globaler Spezialhersteller von maßgeschneiderten Hochleistungsventilatoren und -motoren mit über 2000 einzigartigen Produkten und 75 Mitarbeitern weltweit.
Das Unternehmen hat auch vorläufige Ergebnisse für das vierte Quartal und das Gesamtjahr 2024 veröffentlicht, die eine starke Leistung zeigen. Die Nettoumsätze im vierten Quartal 2024 werden voraussichtlich zwischen 108,1 und 110,1 Millionen Dollar liegen (im Vergleich zu 86,4 Millionen Dollar im Vorjahr), mit einem Nettogewinn von 2,7 bis 3,3 Millionen Dollar. Die vorläufigen Ergebnisse für das Gesamtjahr 2024 zeigen Nettoumsätze von 400,5 bis 402,5 Millionen Dollar (im Vergleich zu 317,5 Millionen Dollar im Vorjahr) und einen Nettogewinn von 21,2 bis 21,8 Millionen Dollar.
Für 2025 prognostiziert Loar Nettoumsätze zwischen 470 und 480 Millionen Dollar, einen Nettogewinn von 55 bis 60 Millionen Dollar und ein bereinigtes EBITDA von 176 bis 180 Millionen Dollar. Der Erwerb von LMB wird voraussichtlich im dritten Quartal 2025 abgeschlossen, vorbehaltlich der Genehmigungen der Aufsichtsbehörden.
- Q4 2024 net sales increased 25-27% YoY to $108.1-110.1M
- Full year 2024 net sales grew 26-27% to $400.5-402.5M
- Q4 2024 Adjusted EBITDA margin improved to 36.2% from 33.8%
- 2025 guidance shows strong growth with net sales of $470-480M
- Strategic acquisition of LMB expands product portfolio
- Additional borrowing required to finance LMB acquisition
- Integration costs expected for LMB acquisition
- Transaction subject to regulatory approvals and closing conditions
Insights
The announced €365M acquisition of LMB Fans & Motors represents a strategic expansion into specialized aerospace components, with 2000+ proprietary designs strengthening Loar's intellectual property portfolio. The deal's structure through a put option provides Loar exclusive negotiation rights while managing regulatory approval risks. The transaction's financing through existing credit facilities suggests strong banking relationships and balance sheet capacity.
The preliminary Q4 2024 results demonstrate remarkable operational execution with Adjusted EBITDA margins expanding to 36.2% from 33.8% year-over-year. This 240-basis point improvement, coupled with the full-year margin expansion to 36.3%, indicates successful integration of previous acquisitions and operational efficiency gains. The transition from a net loss in 2023 to a 5.3-5.4% net income margin in 2024 reflects enhanced operating leverage and improved cost management.
The 2025 guidance revision is particularly noteworthy, with projected net income margins nearly doubling to 12% and interest expense declining by approximately
The company's focus on proprietary, niche aerospace components positions it well in high-barrier-to-entry markets, while the improved margin profile suggests strong pricing power and operational efficiency. The LMB acquisition, expected to close in Q3 2025, should further enhance these competitive advantages, though integration execution will be important for realizing synergies.
WHITE PLAINS, NY / ACCESS Newswire / February 20, 2025 / Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we", "our" and "The Company"), today announced that it has entered into a put option to acquire
LMB Acquisition
Founded over 60 years ago, LMB is a global specialty player in the design and production of customized high-performance fans and motors. Leveraging its many decades of expertise and proprietary designs, LMB provides the market with 2000+ unique fans, blowers, motors and specialized rotating machines. LMB's fans and brushless motors are found on a multitude of aerospace and defense platforms. LMB employs over 75 teammates globally, including those at its headquarters and manufacturing facility in Malemort sur Corrèze, France.
"We are delighted at the opportunity to have LMB join the Loar family of companies." stated Dirkson Charles, CEO and Executive Co-Chairman of the Board of Directors of Loar. "With virtually all of its revenue derived from proprietary designs and niche market dynamics, LMB fits well within our strategic acquisition criteria."
The put option grants Loar a period of exclusivity to sign, subject to completion of the consultation with LMB's social and economic committee, definitive documents. The transaction is expected to close in the third quarter of 2025, shortly after receiving requisite regulatory approvals and is subject to completion of customary closing conditions. The acquisition will be financed through additional borrowings under Loar's existing credit agreement and cash on-hand.
Q4 and Full Year 2024 Preliminary Results
"I am excited to announce that we expect to close out the year with record results on the top and bottom line" stated Dirkson Charles, CEO and Executive Co-Chairman of Loar. "We could not be more satisfied with the group's performance in 2024 and look forward to sharing a full update with all of our partners on March 31 st , following the completion of our normal year end audit."
Preliminary Fourth Quarter 2024
Net sales of between
$108.1 million and$110.1 million as compared to$86.4 million for the prior year's quarterNet income of between
$2.7 million and$3.3 million as compared to a net loss of$0.6 million for the prior year's quarterNet income margin of approximately
2.5% to3.0% as compared to a net loss margin of0.7% in the prior year's quarterAdjusted EBITDA of between
$39.0 million and$39.8 million as compared to$29.3 million for the prior year's quarterAdjusted EBITDA Margin is expected to be approximately
36.2% as compared to33.8% for the prior year's quarte
Preliminary Full Year 2024
Net sales of between
$400.5 million and$402.5 million as compared to$317.5 million for the prior yearNet income of between
$21.2 million and$21.8 million as compared to a net loss of$4.6 million for the prior yearNet income margin of between
5.3% and5.4% as compared to a net loss margin of1.5% for the prior yearAdjusted EBITDA of between
$145.2 million and$146.0 million as compared to$112.7 million for the prior yearAdjusted EBITDA Margin is expected to be approximately
36.3% as compared to35.5% for the prior year
Full Year 2025 Revised Outlook*
"Given the visibility provided by our backlog we are reaffirming our topline and Adjusted EBITDA 2025 guidance as well as updating the guidance for the impact of the secondary offering completed in December 2024" stated Glenn D'Alessandro, Loar's Treasurer and CFO.
Net sales - between
$470 million and$480 million Net income - between
$55 million and$60 million up from between$33 million and$37 million Net income margin - approximately
12% up from approximately7% Adjusted EBITDA - between
$176 million and$180 million Diluted earnings per share - between
$0.57 and$0.62 up from between$0.35 and$0.40 Adjusted Earnings Per Share - between
$0.67 and$0.72 up from between$0.45 and$0.50 Adjusted EBITDA Margin - approximately
37.5% Interest expense - approximately
$28 million down from approximately$60 million Market Assumptions - full year outlook is based on the following assumptions:
Commercial, Business Jet, and General Aviation OEM growth of high single-digits
Commercial, Business Jet, and General Aviation aftermarket growth of high single-digits
Defense growth of high double-digits
*Full Year 2025 Revised Outlook does not include the impact of the LMB acquisition.
Conference Call
A conference call will be held at 10:30 a.m., Eastern Time on March 31, 2025. To participate in the call telephonically please dial +1 877-407-0670 / +1 215-268-9902. International participants can find a list of toll-free numbers here . A live audio webcast will also be available at the following link as well as through the Investor section of Loar Holdings website; https://ir.loargroup.com
The webcast will be archived and available for replay later in the day.
About Loar Holdings Inc.
Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Loar has established relationships across leading aerospace and defense original equipment manufacturers and Tier Ones worldwide.
Non-GAAP Supplemental Information
We present in this press release certain financial information based on our EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings Per Share. References to "EBITDA" mean earnings before interest, taxes, depreciation and amortization, references to "Adjusted EBITDA" mean EBITDA plus, as applicable for each relevant period, certain adjustments as set forth in the reconciliations of net income (loss) to EBITDA and Adjusted EBITDA, and references to "Adjusted EBITDA Margin" refer to Adjusted EBITDA divided by net sales. References to Adjusted Earnings Per Share mean net income (loss) plus certain adjustments as set forth in the reconciliations below to derive Adjusted EBITDA from EBITDA, less the tax effect of these adjustments. EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, and Adjusted Earnings Per Share are not measurements of financial performance under U.S. GAAP. We present EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin because we believe they are useful indicators for evaluating operating performance. In addition, our management uses Adjusted EBITDA to review and assess the performance of the management team in connection with employee incentive programs and to prepare its annual budget and financial projections. Moreover, our management uses Adjusted EBITDA of target companies to evaluate acquisitions.
Although we use EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin as measures to assess the performance of our business and for the other purposes set forth above, the use of non-GAAP financial measures as analytical tools has limitations, and you should not consider any of them in isolation, or as a substitute for analysis of our results of operations as reported in accordance with U.S. GAAP. Some of these limitations are:
EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin do not reflect the significant interest expense, or the cash requirements necessary to service interest payments on our indebtedness.
Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and the cash requirements for such replacements are not reflected in EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin.
EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin exclude the cash expense we have incurred to integrate acquired businesses into our operations, which is a necessary element of certain of our acquisitions.
The omission of the substantial amortization expense associated with our intangible assets further limits the usefulness of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin; and
EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin do not include the payment of taxes, which is a necessary element of our operations.
Because of these limitations, EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin should not be considered as measures of cash available to us to invest in the growth of our business. Management compensates for these limitations by not viewing EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin in isolation and specifically by using other U.S. GAAP measures, such as net sales and operating profit, to measure our operating performance. EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin are not measurements of financial performance under U.S. GAAP, and they should not be considered as alternatives to net income (loss) or cash flow from operations determined in accordance with U.S. GAAP. Our calculations of EBITDA, Adjusted EBITDA, and Adjusted EBITDA Margin may not be comparable to the calculations of similarly titled measures reported by other companies.
Future Looking Statements
The preliminary estimated financial results for the fourth quarter and full year ended December 31, 2024, included in this press release are preliminary, unaudited and subject to completion, and may change as a result of management's continued review. We have provided a range or approximation for these preliminary financial results because our closing procedures for our financial results and condition for the fourth quarter and full year ended December 31, 2024, are not yet complete. These preliminary estimates are not a comprehensive statement of our financial results and should not be viewed as a substitute for full financial statements prepared in accordance with U.S. GAAP. In addition, these preliminary estimates are not necessarily indicative of the results or conditions to be achieved in any future period. This press release includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts including those that reflect our current views with respect to, among other things, our operations and financial performance, our preliminary estimated financial results for the fourth quarter and full year ended December 31, 2024, our ability to timely close on the LMB acquisition, our ability to finance such acquisition, and the expected financial performance of LMB. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words or similar terms and phrases may identify forward-looking statements in this press release, but the absence of these words does not mean that a statement is not forward-looking.
The forward-looking statements contained in this press release, including, but not limited to, the statements under the headings "Preliminary Fourth Quarter 2024," "Preliminary Full Year 2024," and "Full Year 2025 Revised Outlook" are based on management's current expectations and are not guarantees of future performance. Our expectations and beliefs are expressed in management's good faith, and we believe there is a reasonable basis for them, however, the forward-looking statements are subject to various known and unknown risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond our control. We believe that these factors include but are not limited to the following: the almost exclusive focus of our business on the aerospace and defense industry; our heavy reliance on certain customers for a significant portion of our sales; the fact that we have in the past consummated acquisitions and our intention to continue to pursue acquisitions, and that our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations; and the other risks and uncertainties described under "Risk Factors" in Loar's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, filed with the Securities and Exchange Commission ("SEC") on November 13, 2024, and other periodic reports filed by Loar from time to time with the SEC.
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual results may vary in material respects from those projected in the forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments, or other strategic transactions we may make. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.
Contact
Ian McKillop
Loar Holdings Inc. Investor Relations
IR@loargroup.com
Loar Holdings Inc.
Table 1: Reconciliation of Net Income (Loss) to Adjusted EBITDA
(Unaudited, amounts in thousands)
| Three Months Ended December 31, |
| ||||||||||
| 2024 |
|
| 2023 |
| |||||||
| Low |
|
| High |
|
|
|
| ||||
Net income (loss) |
| $ | 2,661 |
|
| $ | 3,268 |
|
| $ | (573 | ) |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
| 13,780 |
|
|
| 13,780 |
|
|
| 17,929 |
|
Refinancing costs |
|
| 4,814 |
|
|
| 4,814 |
|
|
| - |
|
Income tax provision (benefit) |
|
| (1,152 | ) |
|
| (959 | ) |
|
| 350 |
|
Operating income |
|
| 20,103 |
|
|
| 20,903 |
|
|
| 17,706 |
|
Depreciation |
|
| 3,061 |
|
|
| 3,061 |
|
|
| 2,641 |
|
Amortization |
|
| 9,577 |
|
|
| 9,577 |
|
|
| 7,217 |
|
EBITDA |
|
| 32,741 |
|
|
| 33,541 |
|
|
| 27,564 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Recognition of inventory step-up (1) |
|
| 826 |
|
|
| 826 |
|
|
| 402 |
|
Other income, net (2) |
|
| (11 | ) |
|
| (11 | ) |
|
| (279 | ) |
Transaction expenses (3) |
|
| 841 |
|
|
| 841 |
|
|
| 768 |
|
Stock-based compensation (4) |
|
| 3,535 |
|
|
| 3,535 |
|
|
| 93 |
|
Acquisition and facility integration costs (5) |
|
| 1,110 |
|
|
| 1,110 |
|
|
| 704 |
|
Adjusted EBITDA |
| $ | 39,042 |
|
| $ | 39,842 |
|
| $ | 29,252 |
|
Net sales |
| $ | 108,122 |
|
| $ | 110,122 |
|
| $ | 86,435 |
|
Net income (loss) margin |
|
| 2.5 | % |
|
| 3.0 | % |
|
| (0.7 | )% |
Adjusted EBITDA Margin |
|
| 36.1 | % |
|
| 36.2 | % |
|
| 33.8 | % |
(1) Represents accounting adjustments to inventory associated with acquisitions of businesses that were charged to cost of sales when inventory was sold.
(2) Represents a grant from the US Department of Transportation under the AMJP during the three months ended December 31, 2023
(3) Represents third party transaction-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses, and valuation costs that are required to be expensed as incurred.
(4) Represents the non-cash compensation expense recognized by the Company for equity awards.
(5) Represents costs incurred to integrate acquired businesses and product lines into our operations, facility relocation costs and other acquisition-related costs.
Loar Holdings Inc.
Table 2: Reconciliation of Net Income (Loss) to Adjusted EBITDA
(Unaudited, amounts in thousands)
| Year Ended December 31, |
| ||||||||||
| 2024 |
|
| 2023 |
| |||||||
| Low |
|
| High |
|
|
|
| ||||
Net income (loss) |
| $ | 21,207 |
|
| $ | 21,814 |
|
| $ | (4,615 | ) |
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
| 52,112 |
|
|
| 52,112 |
|
|
| 67,054 |
|
Refinancing costs |
|
| 6,459 |
|
|
| 6,459 |
|
|
| - |
|
Income tax provision |
|
| 6,718 |
|
|
| 6,911 |
|
|
| 7,052 |
|
Operating income |
|
| 86,496 |
|
|
| 87,296 |
|
|
| 69,491 |
|
Depreciation |
|
| 11,244 |
|
|
| 11,244 |
|
|
| 9,938 |
|
Amortization |
|
| 31,826 |
|
|
| 31,826 |
|
|
| 28,086 |
|
EBITDA |
|
| 129,566 |
|
|
| 130,366 |
|
|
| 107,515 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
Recognition of inventory step-up (1) |
|
| 1,102 |
|
|
| 1,102 |
|
|
| 603 |
|
Other income, net (2) |
|
| (4,452 | ) |
|
| (4,452 | ) |
|
| (762 | ) |
Transaction expenses (3) |
|
| 3,390 |
|
|
| 3,390 |
|
|
| 3,394 |
|
Stock-based compensation (4) |
|
| 11,103 |
|
|
| 11,103 |
|
|
| 372 |
|
Acquisition and facility integration costs (5) |
|
| 4,491 |
|
|
| 4,491 |
|
|
| 1,621 |
|
Adjusted EBITDA |
| $ | 145,200 |
|
| $ | 146,000 |
|
| $ | 112,743 |
|
Net sales |
| $ | 400,500 |
|
| $ | 402,500 |
|
| $ | 317,477 |
|
Net income (loss) margin |
|
| 5.3 | % |
|
| 5.4 | % |
|
| (1.5 | )% |
Adjusted EBITDA Margin |
|
| 36.3 | % |
|
| 36.3 | % |
|
| 35.5 | % |
(1) Represents accounting adjustments to inventory associated with acquisitions of businesses that were charged to cost of sales when inventory was sold.
(2) Represents a
(3) Represents third party transaction-related costs for acquisitions comprising deal fees, legal, financial and tax due diligence expenses, and valuation costs that are required to be expensed as incurred.
(4) Represents the non-cash compensation expense recognized by the Company for equity awards.
(5) Represents costs incurred to integrate acquired businesses and product lines into our operations, facility relocation costs and other acquisition-related costs.
SOURCE: Loar Holdings Inc.
View the original press release on ACCESS Newswire
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