Loar Holdings Inc. Reports Q1 2024 Results and Capital Structure Updates [Yahoo! Finance]
Loar Holdings Inc. (LOAR)
Company Research
Source: Yahoo! Finance
First Quarter 2024 Net sales of $91.8 million up 23.7% versus prior year's quarter. Net income for Q1 2024 was $2.2 million, up $9.8 million as compared to Q1 of 2023. Adjusted EBITDA of $33.0 million, up 23.0% over prior year's quarter. Net income margin in the quarter improved to 2.4% from the prior year's net (loss) margin of (10.1)%. Adjusted EBITDA Margin in the quarter was in line with the prior year at 36.0%. We began the year with solid momentum, reporting a quarterly record in net sales and Adjusted EBITDA, stated Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors. Adjusted EBITDA margins were strong at 36%, even after giving effect to the temporary margin dilution from the two acquisitions completed in the second half of 2023 and the continued build out of our infrastructure to meet our reporting, governance, and control needs as a public company." Loar reported net sales for the quarter of $91.8 million, an increase of $17.6 million
Show less
Read more
Impact Snapshot
Event Time:
LOAR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LOAR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LOAR alerts
High impacting Loar Holdings Inc. news events
Weekly update
A roundup of the hottest topics
LOAR
News
- Loar Holdings, LLC (NYSE: LOAR) is now covered by analysts at Jefferies Financial Group Inc.. They set a "buy" rating and a $65.00 price target on the stock.MarketBeat
- Loar Holdings, LLC (NYSE: LOAR) is now covered by analysts at Morgan Stanley. They set an "equal weight" rating and a $55.00 price target on the stock.MarketBeat
- Loar Holdings, LLC (NYSE: LOAR) is now covered by analysts at Royal Bank of Canada. They set an "outperform" rating and a $60.00 price target on the stock.MarketBeat
- Loar Holdings, LLC (NYSE: LOAR) is now covered by analysts at Citigroup Inc.. They set a "buy" rating and a $64.00 price target on the stock.MarketBeat
- Loar Holdings Inc. Reports Q1 2024 Results and Capital Structure UpdatesAccesswire
LOAR
Sec Filings
- 5/15/24 - Form 8-K
- 5/14/24 - Form 10-Q
- 5/14/24 - Form 8-K
- LOAR's page on the SEC website