Loar Holdings Inc (N:LOAR)
Business Focus: Aerospace & Defense
| Sector: Industrials | Industry: Aerospace & Defense |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 20 New King Street WHITE PLAINS NY 10604 |
| Tel: | N/A |
| Website: | https://loargroup.com |
| IR: | See website |
| Key People | ||
| Dirkson R. Charles Executive Co-Chairman Nominee of the Board, President, Chief Executive Officer | Brett N. Milgrim Executive Co-Chairman Nominee of the Board | Glenn D'Alessandro Chief Financial Officer, Treasurer | Michael Manella Vice President, General Counsel, Secretary |
| Business Overview |
| Loar Holdings Inc., formerly Loar Holdings, LLC, specializes in the design, manufacture, and sale of niche aerospace and defense components. It has established relationships with aerospace and defense original equipment manufacturers and Tier Ones worldwide. The Company focuses on mission-critical, highly engineered solutions with high-intellectual property content. The products it manufactures cover a diverse range of applications supporting aircraft platforms, including auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It primarily serves three core end markets: commercial, business jet and general aviation, and defense. |
| Financial Overview |
| For the three months ended 31 March 2024, Loar Holdings Inc revenues increased 24% to $91.8M. Net income totaled $2.2M vs. loss of $7.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Transaction expenses decrease of 4% to $176K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.09 to $0.03. |
| Employees: | 1,400 as of Mar 31, 2024 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,129M as of Mar 31, 2024 |
| Annual revenue (TTM): | $335.08M as of Mar 31, 2024 |
| EBITDA (TTM): | $119.28M as of Mar 31, 2024 |
| Net annual income (TTM): | $5.15M as of Mar 31, 2024 |
| Free cash flow (TTM): | N/A |
| Net Debt Last Fiscal Year: | $509.59M as of Mar 31, 2024 |
| Shares outstanding: | 89,703,571 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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