Loar Holdings Inc. reported significant financial growth in its latest quarterly results, with net sales for the three months ended June 30, 2025, reaching $123.1 million, a 26.9% increase from $97.0 million in the same period last year. For the first half of 2025, the company achieved net sales of $237.8 million, up 25.9% from $188.9 million in the first half of 2024. The increase in revenue was driven by strong performance in both original equipment manufacturer (OEM) and aftermarket sales, particularly in the commercial aerospace and defense sectors. Gross profit for the second quarter was $66.2 million, representing a gross margin of 53.8%, compared to 49.0% in the prior year.
The company’s operating income for the second quarter was $27.3 million, or 22.2% of net sales, slightly down from 22.9% in the previous year. However, net income surged to $16.7 million, or $0.18 per share, compared to $7.6 million, or $0.09 per share, in the same quarter of 2024. This growth in profitability was attributed to improved sales mix and operational efficiencies, despite an increase in selling, general, and administrative expenses, which rose to $36.9 million from $27.3 million year-over-year.
Loar Holdings has also been active in strategic acquisitions, having completed the acquisition of Applied Avionics, Inc. in August 2024 for $383.5 million. This acquisition contributed $15.1 million to net sales in the second quarter of 2025. The company is also in the process of acquiring LMB Fans & Motors for €365 million, expected to close in the third quarter of 2025. These acquisitions are part of Loar's strategy to enhance its product offerings and market presence in the aerospace and defense sectors.
Operationally, Loar Holdings reported a cash and cash equivalents balance of $103.3 million as of June 30, 2025, up from $54.1 million at the end of 2024. The company’s total assets increased to $1.5 billion, while total liabilities rose to $369.5 million. The company’s employee headcount has also grown, reflecting its expansion efforts. Looking ahead, Loar Holdings anticipates continued growth driven by organic sales and the integration of recent acquisitions, despite potential challenges from inflationary pressures and supply chain disruptions. The company remains committed to maintaining financial strength while pursuing aggressive growth strategies.
About Loar Holdings Inc.
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