Loar Holdings reports Q2 adjusted EPS 13c, consensus 10c

Reports Q2 revenue $97M, consensus $91.7M. “In the second quarter we continued our record setting pace in net sales and Adjusted EBITDA,” stated Dirkson Charles, Loar CEO and Executive Co-Chairman of the Board of Directors. “Additionally, in the quarter we saw the impact of de-stocking give way to exceptional commercial aftermarket growth over last year. We are also excited for the future addition of Applied Avionics to the Loar Family. With its niche capabilities, proprietary product offering, and high aftermarket content, Applied Avionics fits exceptionally well within our strategic approach to providing customers with a comprehensive set of solutions.”