Loar Holdings raises 2026 net sales outlook to $665 mln-$675 mln from $645 mln-$655 mln
Company now expects 2026 net income of $56 mln-$60 mln, up from $53 mln-$57 mln
Loar Holdings sees 2026 adjusted EBITDA of $265 mln-$270 mln, up from $257 mln-$262 mln
Overview
US aerospace components maker's Q2 sales rose 39% yr/yr, beating analyst expectations
Adjusted EPS for Q2 beat consensus, up 22.6% from prior year
Company raised 2026 outlook for sales, net income, and adjusted EBITDA
Result Drivers
End-market demand - Co said exceptional demand across commercial, business jet, general aviation, and defense end-markets drove Q2 sales growth
Pipeline conversion - Co secured initial orders from its pipeline, providing revenue visibility for $200 mln over next five years, per CEO Dirkson Charles
Higher expenses - Flat net income in Q2 was due to higher interest expense and increased non-cash amortization of acquired intangible assets
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Loar Holdings Inc. is $82.05, about 8.4% above its August 5 closing price of $75.66
The stock recently traded at 53 times the next 12-month earnings vs. a P/E of 64 three months ago
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