Loar Hldg

$LOAR | Loar Holdings Q3 2024 Financial Results

🔹Net sales of $103.5 million, up 25.0% compared to the prior year's quarter🟢

🔹Net income for Q3 2024 was $8.7 million, up $5.8 million compared to the prior year's quarter🟢

🔹Diluted earnings per share of $0.09

🔹Adjusted EBITDA of $38.1 million, up 31.8% compared to the prior year's quarter 🟢

🔹Net income margin for the quarter improved to 8.4% from the prior year's quarter of 3.4% 🟢

🔹Adjusted EBITDA Margin for the quarter was 36.8% compared to 34.9% for the prior year's quarter 🟢

🔹Adjusted Earnings Per Share of $0.15

Full Year 2024 Outlook - Revised Upward

🔹Net sales - between $390 and $394 million, up from $374 million to $378 million 🟢

🔹Net income - between $19.0 and $20.0 million, down from $28.4 million to $29.6 million 😕

🔹Adjusted EBITDA - between $141 and $143 million, up from $134 million to $136 million 🟢

🔹Diluted earnings per share - between $0.20 to $0.22

🔹Net income margin - approximately 5%, down from approximately 8% 😕

🔹Adjusted Earnings Per Share -between $0.35 and $0.37, down from $0.44 to $0.46 😕

🔹Adjusted EBITDA Margin - remains at approximately 36%

🔹Interest expense - approximately $54 million, up from $42 million 🟢

Market Assumptions - Full year outlook is based on the following assumptions:

🔸Commercial, Business Jet, and General Aviation OEM growth of high double-digits, up from mid double-digits

🔸Commercial, Business Jet, and General Aviation aftermarket growth of mid double-digits

🔸Defense growth of high double-digits, up from mid double-digits

I am in love with this company...I wish I could have bought a lot just 2-3 months ago

NOT FINANCIAL ADVICE!

Just bought $LOAR out of FOMO - it's a company that appears to have immense growth potential for both the defense and aerospace industries and I believe it is still under-regarded by retail investors.

At the moment it is really one of the few stocks, together with $COHR (-0,24%), for which I could consider unbalancing the portfolio with percentages greater than 3%.

Let me know if any of you have already checked it out.