Loar shares rise 4.3% after third 2026 forecast raise

Shares rose 4.3% at 3:59 p.m. ET, from a $69.72 close.

Loar Holdings (LOAR) raised its 2026 forecast for the third time this year after third-quarter adjusted earnings of 39 cents per share topped the 34-cent consensus. Revenue of $176.17 million beat the $173.36 million consensus.

Here's how the company did:

• Net sales: $176.17 million vs. $126.75 million a year earlier
• Adjusted EPS: 39 cents vs. 43 cents a year earlier, 34 cents expected
• Diluted EPS: 20 cents vs. 29 cents a year earlier
• Net income: $19.6 million vs. $27.6 million a year earlier

Net sales rose 39.0% from the prior year's quarter. Organic net sales rose 15.8% to $146.8 million.

Adjusted EBITDA reached $71.9 million, up 46.5%. Its margin was 40.8%, against 38.7% a year earlier.

Net income fell on higher interest expense, higher income tax expense and higher non-cash amortization of acquired intangible assets.

For the nine months, net sales were $503.8 million, up 38.2%. Adjusted EPS was $1.11, up 4.7% from $1.06.

2026 guidance

The company raised its 2026 net sales forecast to $669 million to $679 million, from $665 million to $675 million.

It raised its net income forecast to $60 million to $64 million, from $56 million to $60 million. Adjusted EBITDA is now expected at $270 million to $275 million, from $265 million to $270 million.

Adjusted EPS is now expected at $1.36 to $1.40, from $1.32 to $1.36. Diluted EPS is expected at 62 cents to 66 cents, from 57 cents to 62 cents.

“The increase reflects our confidence in being able to convert our record orders and current backlog into increased sales, profits and cash flow through the balance of 2026,” said Glenn D’Alessandro, Loar Holdings Treasurer and Chief Financial Officer.

2027 outlook

It expects 2027 net sales of $745 million to $755 million and net income of $91 million to $95 million.

Adjusted EBITDA is expected at $312 million to $317 million, and adjusted EPS at $1.64 to $1.68.

Segment results

Commercial net sales were $120.45 million, up from $91.43 million a year earlier. Defense net sales were $45.53 million, up from $28.78 million.

Revenue has risen in each of the last three quarters, from $126.8 million to $171.6 million.