Loar Holdings Stock Earnings Reports

Loar Holdings reported a record Q1 2026 with all-time highs in sales, adjusted EBITDA, and adjusted EBITDA margin (40.5%). Sales were $156 million, up 11% year-over-year on a pro forma basis, driven by strength in commercial OEM and commercial aftermarket; defense declined slightly but backlog for defense products is at a record. Management highlighted a $700 million organic new-business pipeline (up $100 million since February) and says converting ~15% of that pipeline would support their targeted 3% annual organic growth from new business. The quarter included non-cash acquisition-related charges (LMB and Harper) that reduced GAAP gross profit and net income; management introduced adjusted net income to better reflect ongoing earnings. Management raised 2026 guidance: net sales $645–655 million; adjusted EBITDA $257–262 million (approx. 40% margin); GAAP net income $53–57 million; adjusted EPS $1.26–1.30; capex ~ $19 million. Long-term goals reiterated: sustain above-market growth driven by proprietary products, continued disciplined M&A (1–2 deals/year), and organic growth targeting 10%+ sales and 15%+ adjusted EBITDA annually. Key investor takeaways: record margin/cash conversion, large vetted new-business pipeline with line-of-sight opportunities, raised full-year guidance, disciplined acquisition appetite, and confidence in continued margin expansion despite near-term geopolitical and fuel-cost noise.