Shares of Loar Holdings Inc (NYSE: LOAR) are soaring 5.34% in intraday trading on Monday following the company's strong fourth-quarter earnings report and upward revision to its 2025 guidance.
The aerospace and defense components manufacturer reported Q4 adjusted earnings of $0.11 per share, surpassing the analyst consensus estimate of $0.10. Net sales for the quarter came in at $110.4 million, significantly beating expectations of $102.54 million and representing a 27.8% increase compared to the same period last year.
Loar's impressive performance was driven by robust growth across its key market segments. The company saw strong demand in commercial aerospace, business jet and general aviation, and defense sectors. Notably, net sales in the defense segment surged to $29.4 million in Q4, up from $15.6 million in the prior year's quarter.
Adding fuel to the stock's rally, Loar also raised its full-year 2025 outlook. The company now expects adjusted earnings per share between $0.70 and $0.75, up from its previous guidance of $0.67 to $0.72. Additionally, Loar revised its 2025 net sales forecast to a range of $480 million to $488 million, compared to its earlier projection of $470 million to $480 million.
Dirkson Charles, Loar CEO and Executive Co-Chairman, commented on the results, stating, "We capped off the year with record net sales and Adjusted EBITDA for both the fourth quarter and full year. For the year we delivered 15.0% organic growth, which makes 2024 our third consecutive year of mid-teen organic growth."
The strong earnings report and optimistic outlook have clearly resonated with investors, driving the significant uptick in Loar's stock price during Monday's trading session.
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