Loar Holdings: An Extremely Expensive Stock, But It Could Be A Buy
Loar Holdings is a diversified aerospace and defense company with exposure to major platforms and a balanced mix of OEM and aftermarket sales. The company shows strong growth metrics but relies heavily on acquisitions, leading to significant shareholder dilution to fund its aggressive expansion strategy. Despite stellar growth projections, Loar Holdings trades at an extremely high EV/EBITDA multiple, making it significantly more expensive than its peers.
Loar Holdings Inc. Announces the Grant of Inducement Awards
WHITE PLAINS, NY / ACCESSWIRE / December 16, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we" and "our"), today announced that it has granted options to purchase an aggregate of 68,000 shares of common stock to three new employees. The options to purchase common stock were granted without stockholder approval as material inducements to the employees entering into employment with Loar pursuant to NYSE Listed Company Manual Section 303A.08 and were approved by the Compensation Committee of the Board of Directors of Loar.
Loar Announces Pricing of Upsized Public Offering
WHITE PLAINS, NY / ACCESSWIRE / December 10, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar"), announced today the pricing of its upsized public offering of 5,750,000 shares of its common stock, including 1,897,500 shares offered by certain stockholders and 3,852,500 shares offered by Loar at $85.00 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 862,500 shares of common stock at the public offering price, less underwriting discounts and commissions.
Loar Announces Launch of Public Offering
WHITE PLAINS, NY / ACCESSWIRE / December 9, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today that it has launched the roadshow for the public offering of 4,750,000 shares of its common stock, including 1,583,333 shares offered by certain stockholders and 3,166,667 shares offered by Loar. In addition, such selling stockholders expect to grant the underwriters a 30-day option to purchase up to 712,500 additional shares of common stock at the public offering price, less underwriting discounts and commissions.
Loar Holdings Inc. Reports Q3 2024 Results, Upward Revision to 2024 and Initial 2025 Guidance
WHITE PLAINS, NY / ACCESSWIRE / November 13, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the third quarter of 2024. Third Quarter 2024 Net sales of $103.5 million, up 25.0% compared to the prior year's quarter.
Loar Holdings Inc. Announces Date and Time for Third Quarter 2024 Earnings Conference Call
WHITE PLAINS, NY / ACCESSWIRE / November 6, 2024 / Loar Holdings Inc. (NYSE:LOAR), said it will report Q3 2024 earnings before the market opens on Wednesday, November 13, 2024. A conference call will follow at 10:30 a.m.
Is This Recent IPO The Next Darling Of The Aerospace Sector?
Loar produces aircraft spare parts and offers servicing in what is known as the aftermarket. Lately, it has targeted a number of aerospace firms for acquisition.
Loar Holdings: Wait For Better Entry Point In This Potential Value Creator
Initiating coverage on Loar Holdings with a "Hold" rating due to stretched valuations; a 15-20% correction is expected before considering fresh exposure. LOAR boasts a diverse product and client base, with no single customer or product dominating revenue, ensuring stability and growth potential. The company has a strong focus on aftermarket products and acquisitions, driving recurring revenue and maintaining a low leverage ratio for financial flexibility.
Defense Stock Loar Tests Key Support Level As Profits Surge
Aerospace and defense stock Loar is pulling back to a key support level, as profits surge. Support would lead to a new buying opportunity.
Loar Holdings Inc. Completes Acquisition of Applied Avionics, Inc.
WHITE PLAINS, NY / ACCESSWIRE / August 26, 2024 / Loar Holdings Inc. (NYSE:LOAR) ("Loar," "we" and "our"), today announced that it has completed the previously announced acquisition of Applied Avionics, Inc. ("Applied Avionics") for approximately $385 million in cash. Applied Avionics designs, develops, and manufactures highly engineered interface solutions for avionics and other aerospace and defense electronics.
LOAR Stock Earnings: Loar Holdings Misses EPS, Beats Revenue for Q2 2024
Loar Holdings (NYSE: LOAR ) just reported results for the second quarter of 2024. Loar Holdings reported earnings per share of 9 cents.
Loar Holdings Inc. Reports Q2 2024 Results and Upward Revision to Guidance
WHITE PLAINS, NY / ACCESSWIRE / August 13, 2024 / Loar Holdings Inc. (NYSE:LOAR) (the "Company," "Loar," "we," "us" and "our"), reported record results for the second quarter of 2024. Second Quarter 2024 Net sales of $97.0 million, up 31.1% versus the prior year's quarter.
