Filing Flows › Loar Holdings (LOAR) › Q1 2025
Loar Holdings (LOAR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Loar Holdings (LOAR) reported revenue of $115M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +4% from the quarter before. Operating margin was 22.8%, net earnings $15.3M (13.4% of revenue).
Loar Holdings, Q1 2025: revenue $115M (+25% year over year), operating margin 22.8%, net earnings $15.3M, operating cash flow $28.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $115M | +4% | +25% |
| Gross profit | $59.7M | +11% | +34% |
| Operating profit | $26.1M | +23% | +22% |
| Net earnings | $15.3M | +316% | +581% |
| Operating cash flow | $28.4M | +37% | +162% |
What changed
Revenue was $114.7M in Q1 2025, up 25% year over year and up 4% from the previous quarter. Commercial Aerospace was the largest line at 42% of revenue. Defense added $12.1M year over year (up 73%), 53% of the total change. Product and Service Other declined 21%.
Gross margin was 52.1%, up 3.7 points from a year earlier. Operating profit was $26.1M, a 22.8% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 21% reached operating profit, below the 23% margin then. Operating expenses grew 45% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+161%). Net earnings were $15.3M, up 581% year over year. The effective tax rate was 22.2%.
Operating cash flow was $28.4M (up 162% year over year), 185% of net earnings. Non-cash charges added back $2.9M of depreciation and $3.1M of share-based compensation. Working capital and other items added $7.1M.
Questions
What was Loar Holdings' revenue in the first quarter 2025?
Loar Holdings (LOAR) reported revenue of $115M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +4% from the quarter before.
Was Loar Holdings profitable in the first quarter 2025?
Operating profit was $26.1M (22.8% of revenue) and net earnings $15.3M.
Source: Loar Holdings 10-Q on SEC EDGAR.