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Highlights:
- Loar announces €365 million acquisition of LMB Fans & Motors, expected to close in Q3 2025.
- Preliminary Q4 2024 results show strong growth in net sales and profitability.
- Revised 2025 outlook includes a significant increase in net income and adjusted EBITDA.
Loar Holdings Inc. has entered into a put option agreement to acquire 100% of the shares of LMB Fans & Motors ("LMB") for €365 million, plus the assumption of net debt, payable in cash at closing. This strategic acquisition is expected to close in the third quarter of 2025, subject to regulatory approvals and customary closing conditions. Additionally, the company has announced strong preliminary, unaudited financial results for the fourth quarter and full year of 2024, setting the stage for continued growth in 2025.
LMB Acquisition Details
LMB, founded over 60 years ago, is a global leader in the design and production of customized high-performance fans and motors. The company provides over 2,000 unique products, including fans, blowers, motors, and specialized rotating machines, primarily for the aerospace and defense industries. LMB’s advanced brushless motors and fans are integral to a wide range of aerospace and defense platforms. Headquartered in Malemort sur Corrèze, France, LMB employs more than 75 people globally.
Loar’s CEO, Dirkson Charles, expressed excitement over the acquisition, stating, “We are delighted at the opportunity to have LMB join the Loar family of companies. With virtually all of its revenue derived from proprietary designs and niche market dynamics, LMB fits well within our strategic acquisition criteria.” The acquisition will be financed through additional borrowings under Loar’s existing credit agreement and cash on hand.
Preliminary Fourth Quarter 2024 Results
Loar has announced strong preliminary results for Q4 2024, with net sales expected to range between $108.1 million and $110.1 million, representing a significant increase from $86.4 million in the prior year. Net income is expected to be between $2.7 million and $3.3 million, a notable improvement from a net loss of $0.6 million in the same period last year. Adjusted EBITDA is projected to be between $39.0 million and $39.8 million, up from $29.3 million in Q4 2023, reflecting an increase in profitability.
Preliminary Full Year 2024 Results
For the full year 2024, Loar expects net sales between $400.5 million and $402.5 million, up from $317.5 million in 2023. The company also expects a substantial turnaround in net income, forecasting a range of $21.2 million to $21.8 million, compared to a net loss of $4.6 million last year. Adjusted EBITDA is expected to reach between $145.2 million and $146.0 million, compared to $112.7 million in 2023.
Revised Outlook for 2025
Loar has revised its full-year 2025 outlook, now expecting net sales between $470 million and $480 million and net income between $55 million and $60 million, up significantly from previous guidance. Adjusted EBITDA is expected to range from $176 million to $180 million, reflecting continued strong performance across commercial, business jet, general aviation, and defense sectors.
