10-K · March 2, 2026
Loar presents a focused strategy of proprietary, high‑aftermarket aerospace and defense components combined with a roll‑up M&A playbook. The company reports strong portfolio characteristics (89% proprietary products;…
Earnings analysis · 10-Q
LOAR earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Loar Holdings Inc. reported Q1 2026 results with net sales of $156.1 million, exceeding estimates by $6.7 million, but diluted EPS of $0.12 fell short of expectations by $0.03. The company achieved a 36.1%…
Read full summary
Loar Holdings Inc. reported Q1 2026 results with net sales of $156.1 million, exceeding estimates by $6.7 million, but diluted EPS of $0.12 fell short of expectations by $0.03. The company achieved a 36.1% year-over-year revenue growth, yet net income declined to $11.1 million due to increased expenses. Management updated their guidance for 2026, reflecting growth potential from both organic sales and strategic acquisitions, despite rising costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.12
- Segment
- Aerospace
- Segment
- Defense
- Segment
- Commercial
What stood out
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Record Revenue Growth
Net sales reached $156.1 million, a 36.1% increase from $114.7 million YoY.
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Positive EBITDA Increase
Adjusted EBITDA rose to $63.2 million from $43.1 million, marking a significant year-over-year improvement.
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New Acquisition Sales Contribution
The acquisitions of LMB and Harper Engineering contributed $28.4 million in sales this quarter.
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Improved Free Cash Flow
Free cash flow for Q1 2026 was $30.9 million, up from $28.4 million in Q1 2025.
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Organic Sales Growth
Net organic sales increased by 11.4% to $127.7 million compared to the previous year.
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Effective Management of Expenses
Despite increased selling and administrative expenses, the percentage of these expenses relative to sales decreased to 28.5% from 28.9%.
What to watch
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Rising Interest Expense
Interest expenses soared to $18.7 million from $6.5 million YoY due to increased borrowings.
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Declining Net Income Margin
Net income fell to $11.1 million, a margin of 7.1%, down from 13.4% in the previous year.
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Higher Cost of Sales
Cost of sales increased to 49.2% of revenue from 47.9%, primarily due to acquisitions-related costs.
Management's outlook
Guidance for 2026 net sales has been revised upwards from $640-$650 million to $645-$655 million.
Earlier filings 4
10-Q · November 12, 2025
Loar reported Q3 net sales of $126,751 and diluted EPS of $0.29, outperforming the prior-year quarter and showing material margin-driven earnings growth. Gross margin expanded to 52.7% and operating margin to 22.9%…
10-Q · May 13, 2025
Loar reported strong top-line and cash-flow results for the quarter: net sales of $114.659M (up $22.815M, +24.9% vs prior-year quarter) and net income of $15.316M. Gross margin improved to 52.1% and operating income…
10-K · March 31, 2025
Loar presents a focused, aftermarket-weighted aerospace & defense component platform with high proprietary content and a history of bolt-on M&A. The 10‑K emphasizes a durable aftermarket revenue mix (53% of 2024 net…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.