Loar Holdings Inc. Reports Q3 2026 Record Results and Upward Revision to 2026 Outlook and Full Year 2027 Outlook
Loar Holdings Inc. (LOAR) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 Loar Holdings Inc. Reports Q3 2026 Record Results and Upward Revision to 2026 Outlook and Full Year 2027 Outlook November 5, 2026 WHITE PLAINS, NY., November 5, 2026 /ACCESSWIRE/ -- Loar Holdings Inc. (NYSE: LOAR) (the “Company,” “Loar,” “we,” “us” and “our”), report
How this was made
The 30-second read
Why it matters
The raised guidance may attract growth‑oriented investors while prompting profit‑taking from short‑term traders.
Market read
First‑report earnings and guidance for a small‑cap aerospace supplier; actionable for traders focused on sector momentum.
What to watch
Higher interest expense and tax burden could offset margin gains if rates rise.
Loar Holdings Inc. Reports Q3 2026 Record Results and Upward Revision to 2026 Outlook and Full Year 2027 Outlook
Third-quarter net sales grew 39.0% and Adjusted EBITDA grew 46.5%, while Adjusted EBITDA Margin expanded to 40.8%. The company raised full-year 2026 outlook for the third time, although GAAP net income and diluted earnings per share declined from the prior-year quarter amid higher interest expense, income tax expense and acquired-intangible amortization.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Q3 2026 net salesGAAP | $176.2M | – | 39.0% |
| Q3 2026 organic net salesother | $146.8M | – | 15.8% |
| Q3 2026 cost of salesGAAP | $80.76M | – | – |
| Q3 2026 gross profitGAAP | $95.41M | – | – |
| Q3 2026 selling, general and administrative expensesGAAP | $47.86M | – | – |
| Q3 2026 transaction expensesGAAP | $780K | – | – |
| Q3 2026 operating incomeGAAP | $46.18M | – | – |
| Q3 2026 interest expense, netGAAP | $20.01M | – | – |
| Q3 2026 income before income taxesGAAP | $26.17M | – | – |
| Q3 2026 income tax provision (benefit)GAAP | $6.58M | – | – |
| Q3 2026 net incomeGAAP | $19.58M | – | – |
| Q3 2026 basic earnings per shareGAAP | $0.21 | – | – |
| Q3 2026 diluted earnings per shareGAAP | $0.20 | – | – |
| Q3 2026 net income marginGAAP | 11.2% | – | – |
| Q3 2026 EBITDAnon-GAAP | $66.15M | – | – |
| Q3 2026 Adjusted EBITDAnon-GAAP | $71.94M | – | 46.5% |
| Q3 2026 Adjusted EBITDA Marginnon-GAAP | 40.8% | – | – |
| Q3 2026 Adjusted Net Incomenon-GAAP | $37.72M | – | – |
| Q3 2026 Adjusted Earnings Per Share—dilutednon-GAAP | $0.39 | – | – |
| Nine Months Ended September 30, 2026 net salesGAAP | $503.8M | – | 38.2% |
| Nine Months Ended September 30, 2026 organic net salesother | $412.8M | – | 13.2% |
| Nine Months Ended September 30, 2026 gross profitGAAP | $265.9M | – | – |
| Nine Months Ended September 30, 2026 operating incomeGAAP | $121.5M | – | – |
| Nine Months Ended September 30, 2026 interest expense, netGAAP | $58.74M | – | – |
| Nine Months Ended September 30, 2026 net incomeGAAP | $47.47M | – | – |
| Nine Months Ended September 30, 2026 diluted earnings per shareGAAP | $0.50 | – | – |
| Nine Months Ended September 30, 2026 net income marginGAAP | 9.5% | – | – |
| Nine Months Ended September 30, 2026 Adjusted EBITDAnon-GAAP | $204.6M | – | 46.8% |
| Nine Months Ended September 30, 2026 Adjusted EBITDA Marginnon-GAAP | 40.6% | – | – |
| Nine Months Ended September 30, 2026 Adjusted Net Incomenon-GAAP | $106.3M | – | – |
| Nine Months Ended September 30, 2026 Adjusted Earnings Per Share—dilutednon-GAAP | $1.11 | – | 4.7% |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Q3 2026 Commercial aerospace OEM | $37.86M | – | – |
| Q3 2026 Commercial aerospace aftermarket | $48.41M | – | – |
| Q3 2026 Total commercial aerospace | $86.28M | – | – |
| Q3 2026 Business jet & general aviation OEM | $19.9M | – | – |
| Q3 2026 Business jet & general aviation aftermarket | $14.28M | – | – |
| Q3 2026 Total business jet & general aviation | $34.18M | – | – |
| Q3 2026 Total commercial OEM | $57.76M | – | – |
| Q3 2026 Total commercial aftermarket | $62.69M | – | – |
| Q3 2026 Total commercial | $120.5M | – | – |
| Q3 2026 Total defense OEM | $28.28M | – | – |
| Q3 2026 Total defense aftermarket | $17.25M | – | – |
| Q3 2026 Total defense | $45.53M | – | – |
| Q3 2026 Total other | $10.19M | – | – |
| Nine Months Ended September 30, 2026 Total commercial | $343.0M | – | – |
| Nine Months Ended September 30, 2026 Total defense | $131.2M | – | – |
| Nine Months Ended September 30, 2026 Total other | $29.62M | – | – |
Amounts quoted below without a unit are in thousands, as in the filing’s tables. Per-share figures are as printed.
Full Year 2026 Outlook – Revised; Full Year 2027 Outlook outlook
- RevenueFull year 2026 net sales – between $669 million and $679 million, up from between $665 million and $675 million; 2027 net sales – between $745 million and $755 million.
- NoteFull year 2026 net income – between $60 million and $64 million, up from between $56 million and $60 million.
- NoteFull year 2026 Adjusted EBITDA – between $270 million and $275 million, up from between $265 million and $270 million.
- NoteFull year 2026 Adjusted EBITDA Margin – approximately 40%.
- NoteFull year 2026 Diluted Earnings per share – between $0.62 and $0.66, up from between $0.57 and $0.62.
- NoteFull year 2026 Net income margin – approximately 9%, up from approximately 8%.
- NoteFull year 2026 Adjusted Earnings Per Share – between $1.36 and $1.40, up from between $1.32 and $1.36.
- NoteFull year 2026 Interest expense – approximately $80 million.
- NoteFull year 2026 Depreciation expense – approximately $15 million.
- NoteFull year 2026 Amortization expense – approximately $65 million.
- NoteFull year 2026 Commercial, Business Jet, and General Aviation OEM growth of high-double digits (19 -22%).
- NoteFull year 2026 Commercial, Business Jet, and General Aviation aftermarket growth of low-double digits.
- NoteFull year 2026 Defense growth of mid-single digits.
- NoteFull year 2027 net income – between $91 million and $95 million.
- NoteFull year 2027 Adjusted EBITDA – between $312 million and $317 million.
- NoteFull year 2027 Adjusted EBITDA Margin – approximately 42%.
- NoteFull year 2027 Diluted Earnings per share – between $0.93 and $0.97.
- NoteFull year 2027 Net income margin – approximately 12%.
- NoteFull year 2027 Adjusted Earnings Per Share – between $1.64 and $1.68.
- NoteFull year 2027 Interest expense – approximately $83 million.
- NoteFull year 2027 Depreciation expense – approximately $15 million.
- NoteFull year 2027 Amortization expense – approximately $67 million.
- NoteFull year 2027 Commercial, Business Jet, and General Aviation OEM growth of low-double digits.
- NoteFull year 2027 Commercial, Business Jet, and General Aviation aftermarket growth of low-double digits.
- NoteFull year 2027 Defense growth of low-double digits.
What drove it
- Net sales increased $49.4 million or 39.0% over the prior year’s quarter.
- Organic net sales increased 15.8% or $20.1 million in the third quarter.
- The increase in Adjusted EBITDA Margin was due to the execution of strategic value drivers and the accretive impact of increased sales.
- Management said the full-year 2026 increase reflects confidence in converting record orders and current backlog into increased sales, profits and cash flow through the balance of 2026.
- Management cited higher production rates in Commercial OEM, a strong Commercial Aftermarket and global defense demand driven by geo-political and kinetic conflicts as 2027 tailwinds.
Concerns
- Third-quarter net income was $19.6 million, compared to $27.6 million for the prior year’s quarter.
- Third-quarter diluted earnings per share was $0.20, compared to $0.29 for the prior year’s quarter.
- Nine-month net income was $47.5 million, compared to $59.6 million for the prior year period.
- Net income was impacted by higher interest expense, higher income tax expense and higher non-cash amortization of acquired intangible assets.
- The nine-month decrease in net income was also driven by non-cash expense of inventory step-up attributable to the acquisitions of LMB and Harper Engineering.
- Long-term debt, net was $941,850 at September 30, 2026.
What to watch
- Conversion of record orders and current backlog into sales, profits and cash flow through the balance of 2026.
- Delivery against full-year 2026 net sales guidance of between $669 million and $679 million.
- Delivery against full-year 2026 Adjusted EBITDA guidance of between $270 million and $275 million and approximately 40% Adjusted EBITDA Margin.
- Interest expense, projected at approximately $80 million for full-year 2026 and approximately $83 million for full-year 2027.
- Commercial, Business Jet, and General Aviation OEM growth assumptions of high-double digits (19 -22%) for 2026 and low-double digits for 2027.
- Commercial, Business Jet, and General Aviation aftermarket growth and Defense growth assumptions.
Balance sheet and cash flow
- Cash and cash equivalents were $159,321 at September 30, 2026, compared to $84,827 at December 31, 2025.
- Total assets were $2,353,719 at September 30, 2026, compared to $2,029,875 at December 31, 2025.
- Current portion of long-term debt, net was $6,736 at September 30, 2026, compared to $4,362 at December 31, 2025.
- Long-term debt, net was $941,850 at September 30, 2026, compared to $711,338 at December 31, 2025.
- Net cash provided by operating activities for the nine months ended September 30, 2026 was $106,135, compared to $81,857.
- Capital expenditures for the nine months ended September 30, 2026 were $(12,484), compared to $(7,493).
- Payment for acquisitions, net of cash acquired for the nine months ended September 30, 2026 was $(249,841), compared to $(32,813).
- Net cash used in investing activities for the nine months ended September 30, 2026 was $(262,325), compared to $(40,306).
- Proceeds from issuance of long-term debt for the nine months ended September 30, 2026 were $240,000, compared to $1,500.
- Net cash provided by financing activities for the nine months ended September 30, 2026 was $232,061, compared to $3,186.
- Net increase in cash, cash equivalents and restricted cash for the nine months ended September 30, 2026 was $74,494, compared to $44,889.
Analysis
Loar reported record third-quarter net sales of $176.2 million, up 39.0% from the prior-year quarter, with organic net sales increasing 15.8% to $146.8 million. Adjusted EBITDA increased 46.5% to $71.9 million and Adjusted EBITDA Margin improved to 40.8% from 38.7%. Management attributed the margin improvement to strategic value drivers and the accretive impact of increased sales.
GAAP earnings moved in the opposite direction. Third-quarter net income was $19.6 million compared with $27.6 million, while diluted earnings per share was $0.20 compared with $0.29. The company identified higher interest expense, higher income tax expense and higher non-cash amortization of acquired intangible assets as the principal impacts. Net income margin declined to 11.2% from 21.8%, despite the higher Adjusted EBITDA Margin.
For the nine months ended September 30, 2026, net sales were $503.8 million, up 38.2%, and Adjusted EBITDA was $204.6 million, up 46.8%. Nine-month Adjusted EBITDA Margin reached 40.6% versus 38.2%. However, nine-month net income declined to $47.5 million from $59.6 million, reflecting higher interest expense, non-cash amortization of acquired intangible assets, higher income tax expense and inventory step-up expense tied to the LMB and Harper Engineering acquisitions.
Cash flow and the balance sheet reflect acquisition activity and increased leverage. Net cash provided by operating activities for the nine months was $106.1 million, while capital expenditures were $(12.5 million) and payments for acquisitions, net of cash acquired, were $(249.8 million). Long-term debt, net was $941.9 million at September 30, 2026, and the company received $240.0 million in proceeds from issuance of long-term debt during the nine-month period.
Management raised full-year 2026 net sales outlook to between $669 million and $679 million, Adjusted EBITDA outlook to between $270 million and $275 million and Adjusted Earnings Per Share outlook to between $1.36 and $1.40. The 2027 outlook calls for net sales between $745 million and $755 million, Adjusted EBITDA between $312 million and $317 million and approximately 42% Adjusted EBITDA Margin. Execution against backlog conversion, the stated end-market growth assumptions and interest expense will be central to whether strong operating growth translates into GAAP earnings expansion.
Management, verbatim
Our record results in the third quarter of 2026 reflects our continued successful execution along all our value drivers
Dirkson Charles, Loar Holdings Chief Executive Officer and Executive Co-Chairman of the Board of Directors
We’re raising our full year 2026 outlook for the third time this year,
Glenn D’Alessandro, Loar Holdings Treasurer and Chief Financial Officer
Demand is building across every one of our end markets as we head into 2027,
Dirkson Charles, Loar Holdings Chief Executive Officer and Executive Co-Chairman of the Board of Directors
Not in the filing
stated, not guessed- Q3 2026 operating cash flow
- Q3 2026 capital expenditures
- Q3 2026 free cash flow
- Q3 2026 gross margin
- Share repurchases
- Dividends
- Prior-quarter comparisons for reported metrics
- Segment-level percentage changes and narrative drivers
- Full-year 2026 and 2027 gross margin guidance
- Full-year 2026 and 2027 operating expense guidance
- Full-year 2026 and 2027 tax-rate guidance
- A previous release outlook section for formal comparison against actual results
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
Loar Holdings filed a Form 8‑K announcing Q3 2026 results and updated guidance for 2026 and 2027.
Ticker impact
Loar Holdings reported record Q3 2026 results and raised full-year 2026 outlook and 2027 outlook.
likely upward pressure as investors price in higher sales and earnings expectations
The company increased its full-year 2026 sales target to $669‑$679 M and EPS to $0.62‑$0.66, indicating robust demand across commercial, defense and aftermarket segments.
Market effects
Aerospace and defense suppliers may see uplift as Loar signals strong market demand.
U.S. aerospace sector likely benefits; no immediate foreign market effect.
Limited to investors tracking aerospace supply chain and defense spend.
Counterpoint
If the raised outlook already priced in, the stock may face short‑term profit‑taking.
Key entities
- ExecutiveDirkson Charles
CEO of Loar Holdings
- ExecutiveGlenn D’Alessandro
CFO who communicated the raised outlook
