$LOAR

Loar Holdings Inc.

CIK:0002000178|SEC Filings

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 171,579	$ 123,123	$ 327,667	$ 237,782
Cost of sales	80,377	56,924	157,224	111,877
Gross profit	91,202	66,199	170,443	125,905
Selling, general and administrative expenses	46,522	36,898	91,007	70,000
Transaction expenses	1,561	1,984	2,800	2,444
Other expense	1,267		1,267
Operating income	41,852	27,317	75,369	53,461
Interest expense, net	20,014	6,481	38,724	12,940
Income before income taxes	21,838	20,836	36,645	40,521
Income tax provision	5,096	4,123	8,760	8,492
Net income	$ 16,742	$ 16,713	$ 27,885	$ 32,029
Earnings per share/unit - Basic	$ 0.18	$ 0.18	$ 0.3	$ 0.34
Earnings per share/unit - Diluted	$ 0.18	$ 0.17	$ 0.29	$ 0.33
Weighted average common shares/units outstanding - Basic	93,647	93,586	93,635	93,571
Weighted average common shares/units outstanding - Diluted	95,521	96,113	95,586	95,933

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net income	$ 27,885	$ 32,029
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	6,626	5,948
Amortization of intangible and other long-lived assets	32,260	19,197
Amortization of debt issuance costs	1,923	447
Recognition of inventory step-up	4,916
Stock-based compensation	8,973	6,739
Deferred income taxes	950	884
Non-cash lease expense	670	313
Adjustment to contingent consideration liability	1,267
Changes in assets and liabilities, net of acquisitions:
Accounts receivable	(13,788)	(7,653)
Inventories	(12,275)	(6,198)
Other assets	(5,283)	(3,421)
Accounts payable	10,886	3,851
Income taxes (receivable) payable	(233)	890
Accrued expenses and other current liabilities	(2,930)	(571)
Operating lease liabilities	(645)	(292)
Net cash provided by operating activities	61,202	52,163
Investing Activities
Capital expenditures	(6,973)	(4,718)
Payment for acquisitions, net of cash acquired	(249,841)
Net cash used in investing activities	(256,814)	(4,718)
Financing Activities
Net proceeds from issuance of common stock	2,022	1,859
Proceeds from issuance of long-term debt	240,000
Payments of long-term debt	(3,425)
Financing costs	(4,800)
Payments of finance lease liabilities	(133)	(110)
Net cash provided by financing activities	233,664	1,749
Effect of translation adjustments on cash and cash equivalents	(446)	82
Net increase in cash, cash equivalents and restricted cash	37,606	49,276
Cash, cash equivalents and restricted cash, beginning of period	84,827	54,066
Cash, cash equivalents and restricted cash, end of period	122,433	103,342
Supplemental information
Interest paid during the period, net of capitalized amounts	38,279	13,056
Income taxes paid during the period, net	$ 7,742	$ 7,061

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 122,433	$ 84,827
Accounts receivable, net	106,989	88,026
Inventories	127,605	109,036
Other current assets	12,768	11,123
Income taxes receivable	5,349	5,486
Total current assets	375,144	298,498
Property, plant and equipment, net	88,038	82,536
Finance lease assets	1,755	1,894
Operating lease assets	12,274	6,229
Other long-term assets	29,206	25,935
Intangible assets, net	739,129	606,406
Goodwill	1,080,502	1,008,377
Total assets	2,326,048	2,029,875
Current liabilities:
Accounts payable	29,442	18,606
Current portion of long-term debt, net	6,728	4,362
Current portion of finance lease liabilities	304	279
Current portion of operating lease liabilities	1,272	818
Income taxes payable	2,268	3,022
Accrued expenses and other current liabilities	36,438	36,419
Total current liabilities	76,452	63,506
Deferred income taxes	73,771	68,377
Long-term debt, net	942,598	711,338
Finance lease liabilities	2,732	2,891
Operating lease liabilities	11,213	5,605
Other long-term liabilities	19,888	3,405
Total liabilities	1,126,654	855,122
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized and no shares issued or outstanding
Common stock, $0.01 par value, 485,000,000 shares authorized; 93,684,471 and 93,622,471 issued and outstanding at June 30, 2026 and December 31, 2025, respectively	937	936
Additional paid-in capital	1,136,009	1,125,015
Retained earnings	79,471	51,586
Accumulated other comprehensive loss	(17,023)	(2,784)
Total stockholders' equity	1,199,394	1,174,753
Total liabilities and stockholders' equity	$ 2,326,048	$ 2,029,875