Shares of Loar Holdings Inc (NYSE: LOAR) are soaring 5.34% in intraday trading on Monday after the company reported better-than-expected fourth-quarter 2024 results and raised its full-year 2025 guidance.

The aerospace and defense components manufacturer reported adjusted earnings per share of $0.11 for the fourth quarter, surpassing analysts' expectations of $0.10. Net sales for the quarter came in at $110.44 million, significantly beating the consensus estimate of $102.54 million and representing a 27.77% increase from the same period last year.

Adding to investor optimism, Loar Holdings raised its full-year 2025 guidance. The company now expects adjusted earnings per share between $0.70 and $0.75, up from its previous forecast of $0.67 to $0.72. Net sales guidance was also increased to a range of $480 million to $488 million, compared to the earlier projection of $470 million to $480 million.

Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors, 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 performance and upbeat outlook have clearly resonated with investors, driving the stock's significant gain today. As of 13:50 ET, Loar Holdings shares were trading 5.34% higher, reflecting the market's positive reaction to the company's financial results and improved future prospects.