Loar Holdings (LOAR) Company Overview

Loar Holdings Inc. (NYSE:LOAR) is pleased to announce the appointment of Nicole Huque as Chief Talent Officer, effective January 27, 2025. She will report directly to CEO and Executive Co-Chairman Dirkson Charles. This position has been established to enhance the company's talent management strategy.

Loar Holdings is a varied aerospace and defense firm that is involved in key platforms and has a good balance of original equipment manufacturer (OEM) and aftermarket sales. The company demonstrates impressive growth but depends a lot on acquisitions, which can dilute shareholder value as it pursues its ambitious expansion plans. Even with strong growth forecasts, Loar Holdings has a very high EV/EBITDA ratio, making it much pricier compared to its competitors.

Loar Holdings Inc. (NYSE:LOAR) announced on December 16, 2024, that it has given options to buy a total of 68,000 shares of common stock to three new employees. These options were granted without needing stockholder approval as part of the hiring process, following NYSE regulations, and were authorized by the Compensation Committee of the Board of Directors.

Loar Holdings Inc. (NYSE:LOAR) announced on December 10, 2024, that it has increased its public offering to 5,750,000 shares of common stock, priced at $85.00 each. This includes 1,897,500 shares from certain stockholders and 3,852,500 shares from Loar itself. Additionally, the underwriters have a 30-day option to buy up to 862,500 more shares at the same price, minus any underwriting fees.

Loar Holdings Inc. (NYSE:LOAR) announced on December 9, 2024, that it has started a roadshow for a public offering of 4,750,000 shares of its common stock. This includes 1,583,333 shares from certain stockholders and 3,166,667 shares from Loar itself. Additionally, the selling stockholders may give the underwriters a 30-day option to buy up to 712,500 more shares at the public offering price, minus any underwriting fees.

Loar Holdings Inc. (NYSE:LOAR) announced that it will release its Q3 2024 earnings on Wednesday, November 13, 2024, before the market opens. A conference call is scheduled for 10:30 a.m. that same day.

We are starting our analysis of Loar Holdings with a "Hold" rating because we anticipate a 15-20% drop in value before looking to invest again. Loar has a wide range of products and clients, which helps keep their revenue stable and allows for growth. The company emphasizes aftermarket products and acquisitions, which leads to steady income and keeps their debt levels low for better financial flexibility.

Loar Holdings Inc. (NYSE:LOAR) has announced that it has successfully completed its acquisition of Applied Avionics, Inc. for about $385 million in cash. Applied Avionics specializes in creating advanced interface solutions for avionics and various aerospace and defense electronics.

Loar Holdings (NYSE: LOAR) has recently announced its financial results for the second quarter of 2024. The company reported earnings of 9 cents per share.