Loar Holdings Inc. (LOAR) · Nov 5, 2026 · Earnings
Beat — Adjusted EPS $0.39 vs ~$0.33 consensus; revenue $176.2M vs ~$170.0M
Loar’s earnings beat on revenue and adjusted EPS, while higher 2026 guidance and a strong 2027 outlook extend its acquisition-led aerospace growth story.
Loar is an acquisition-led supplier of niche aerospace and defense components, expanding across commercial OEM, aftermarket, business aviation, and defense markets; its recent LMB and Harper Engineering deals are adding scale while management works to integrate them.
The quarter cleared the published bar. Revenue reached $176.2 million, ahead of the roughly $170.0 million consensus, while adjusted EPS was $0.39 versus approximately $0.33 expected. The filing shows sales up 39.0% year over year and organic sales up 15.8%, indicating the result was not solely acquisition-generated.
Underlying operating performance strengthened despite heavier financing and acquisition costs. Adjusted EBITDA rose 46.5% to $71.9 million, and the margin expanded to 40.8% from 38.7%. That is the cleaner measure of execution here: GAAP net income fell to $19.6 million from $27.6 million because interest expense, taxes, and acquired-intangible amortization rose sharply.
| Key figure | Q3 2026 | Q3 2025 | Consensus / prior guide |
|---|---|---|---|
| Net sales (Income Statement) | $176.2M (+39.0%) | $126.8M | ~$170.0M |
| Adjusted EPS (EPS reconciliation) | $0.39 | $0.43 | ~$0.33 |
| Adjusted EBITDA (Table 4) | $71.9M (+46.5%) | $49.1M | |
| Adjusted EBITDA margin (Table 4) | 40.8% | 38.7% | |
| Net income (Income Statement) | $19.6M (-29.1%) | $27.6M | |
| FY2026 revenue outlook (2026 Outlook) | $669–679M | $665–675M prior guide | |
| FY2026 adjusted EBITDA outlook (2026 Outlook) | $270–275M | $265–270M prior guide | |
| FY2027 revenue outlook (2027 Outlook) | $745–755M |
Management raised the bar again and established a credible next-year growth framework. The 2026 revenue, net income, adjusted EBITDA, diluted EPS, and adjusted EPS ranges all moved higher; this was the third 2026 increase. 〔0〕 The new 2027 outlook calls for $745–755 million of revenue and $312–317 million of adjusted EBITDA, with an approximately 42% margin, suggesting management expects the acquired businesses and end-market demand to keep scaling rather than merely normalize after the current acquisition boost.
The main offset is that growth is becoming more expensive to finance. Nine-month interest expense reached $58.7 million versus $19.0 million a year earlier, while long-term debt rose to roughly $948.6 million including the current portion from about $715.7 million at year-end. The filing’s cash-flow statement also shows $249.8 million spent on acquisitions and $240.0 million of new long-term debt, so the stronger EBITDA story still has to translate into debt reduction and GAAP earnings over time.
Bottom line: This was more than a routine growth quarter: Loar beat the operating consensus, expanded margins, raised 2026 guidance for the third time, and gave investors a strong 2027 baseline. The caveat is that acquisition-led growth is also pushing up interest expense and keeping GAAP profit below the adjusted headline numbers.
Q4 2026 results and first 2027 quarterly update
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