May 13, 12:47 PM

Loar Holdings Reports Record Q1 Net Income $15.3M, Raises 2025 Outlook; Landstar Revenue $1.15B with EPS Charge; Landsea Acquired at 60% Premium

Loar Holdings Inc. reported record first-quarter results for 2025, with net sales reaching $114.7 million, a 24.8% increase from $91.84 million in the same period of 2024. Net income surged to $15.3 million, up from $2.2 million in the prior year quarter. Adjusted earnings per share stood at $0.20. The company also recorded adjusted EBITDA of $43.1 million, marking its 11th consecutive quarter of growth across all market segments. Following the strong performance, Loar Holdings raised its full-year 2025 guidance, projecting net sales between $482 million and $490 million, up from previous estimates of $480 million to $488 million, and net income expected to be between $59.0 million and an unspecified upper range. Meanwhile, Landstar System Inc. reported first-quarter 2025 revenue of $1.153 billion and net income of $29.8 million. However, adjusted EPS declined to $0.85, impacted by a $0.10 per share charge related to supply chain fraud unrelated to its core North American truckload business. Additionally, Landsea Homes Corp., a subscale homebuilder operating in cyclical and weak markets and having gone public via a SPAC in 2021, was acquired at a 60% premium, approximately 0.7 times book value, by Apollo's New Home Company, which sees unique value in Landsea's land holdings. Landsea's shares surged 60% in premarket trading following the acquisition news.

#Loar Holdings #North American #Landsea

Written with ChatGPT (GPT-4).

Loar Holdings Reports Record Q1 Net Income $15.3M, Raises 2025 Outlook; Landstar Revenue $1.15B with EPS Charge; Landsea Acquired at 60% Premium

Sources

Additional media

Similar Stories