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LOAR designs, manufactures, and sells components for aircraft, aerospace, and defense systems. It supplies companies throughout the world, from airlines to defense companies. The company went public a little more than a year ago. It has been able to grow in that time, including an aftermarket business that now represents 55% of total sales and a rising defense segment. LOAR is also in growth mode, having acquired companies in the past and looking to bring more into the fold soon (two acquisitions are currently pending).
As for its finances, Loar’s fourth-quarter fiscal 2024 report showed record annual sales, up 15% over the year prior, to almost $403 million. Aftermarket sales rose 15% for the year, commercial sales jumped 16%, and defense sales were up 39%. New products and strong demand drove the defense gain. LOAR expects more growth in 2025, offering guidance of net sales of $480 million to $488 million, adjusted EBITDA between $180 million and $184 million, and net income from $58 million to $63 million.
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