10-Q · May 7, 2026
Loar Holdings Inc. reported Q1 2026 results with net sales of $156.1 million, exceeding estimates by $6.7 million, but diluted EPS of $0.12 fell short of expectations by $0.03. The company achieved a 36.1%…
Earnings analysis · 10-Q
LOAR earnings analysis
Filed November 5, 2026 · Our reading of the company's report
The latest report
Loar delivered strong third-quarter revenue of $176.170 million, up approximately 38.7% year over year and above the $170.242 million consensus estimate. However, diluted EPS of $0.20 missed the $0.32 estimate and fell…
Read full summary
Loar delivered strong third-quarter revenue of $176.170 million, up approximately 38.7% year over year and above the $170.242 million consensus estimate. However, diluted EPS of $0.20 missed the $0.32 estimate and fell from $0.29 in Q3 2025, reflecting pressure from higher interest expense and acquisition-related amortization. Adjusted EBITDA increased 46.5% to $71.945 million and reached a 40.8% margin, supporting a neutral rather than bearish assessment. The supplied 10-Q text reports no material change in market risks and identifies no new legal proceedings or internal-control changes, although 2 acquired businesses were excluded from the control assessment.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.2
What stood out
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Revenue beat consensus
Third-quarter revenue was $176.170 million, up from $172 million in Q2 2026 and $127 million in Q3 2025, representing approximately 2.4% sequential growth and 38.7% year-over-year growth. Revenue exceeded the $170.242 million consensus estimate by $5.928 million.
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GAAP EPS declined
Diluted EPS was $0.20, below the $0.32 consensus estimate and down from $0.29 in Q3 2025. The $0.12 year-over-year decline indicates pressure on GAAP earnings despite strong revenue growth.
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Adjusted EBITDA margin expanded
Adjusted EBITDA was $71.945 million, up 46.5% year over year, with adjusted EBITDA margin expanding to 40.8%. This indicates strong operating leverage on the higher revenue base.
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Commercial and defense growth
Management reported growth in both commercial and defense activities, although the supplied 10-Q text does not provide revenue by segment.
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Disclosure controls effective
As of September 30, 2026, management concluded that disclosure controls and procedures were effective, providing reasonable assurance that required information was recorded and reported within the applicable SEC time periods.
What to watch
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GAAP profitability under pressure
Diluted EPS declined to $0.20 from $0.29 in Q3 2025 despite revenue growth to $176.170 million from $127 million, indicating that higher interest expense and acquisition-related amortization reduced GAAP profitability.
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Acquired-company controls not assessed
Management excluded 2 acquisitions, LMB and Harper Engineering, from its September 30, 2026 internal-control-over-financial-reporting assessment under the SEC's first-year acquisition provision. This creates a temporary limitation in the scope of control testing for acquired operations.
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Existing market risks remain
The filing states that market risks had not materially changed for the three and nine months ended September 30, 2026. While no new market-risk change was identified, exposure to the risks described in the December 31, 2025 Form 10-K remains relevant.
Management's outlook
The supplied 10-Q text does not include quantitative revenue or EPS guidance. The filing states that market risks had not materially changed for the three and nine months ended September 30, 2026; quantitative outlook information was provided separately in the November 5, 2026 earnings disclosure.
Earlier filings 4
10-K · March 2, 2026
Loar presents a focused strategy of proprietary, high‑aftermarket aerospace and defense components combined with a roll‑up M&A playbook. The company reports strong portfolio characteristics (89% proprietary products;…
10-Q · November 12, 2025
Loar reported Q3 net sales of $126,751 and diluted EPS of $0.29, outperforming the prior-year quarter and showing material margin-driven earnings growth. Gross margin expanded to 52.7% and operating margin to 22.9%…
10-Q · May 13, 2025
Loar reported strong top-line and cash-flow results for the quarter: net sales of $114.659M (up $22.815M, +24.9% vs prior-year quarter) and net income of $15.316M. Gross margin improved to 52.1% and operating income…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.