The aerospace supplier lifted full-year guidance to $645M-$655M in sales and $257M-$262M in adjusted EBITDA after strong commercial demand.
Loar reported record Q1 2026 sales of $156 million and a 40.5% adjusted EBITDA margin, driven by commercial aerospace strength that offset a 2% decline in defense revenue. Cash conversion coverage reached 230% of net income, while the book-to-bill ratio exceeded 1x for the quarter.
The company raised its full-year 2026 guidance, now projecting sales of $645 million to $655 million and adjusted EBITDA of $257 million to $262 million. Management expects low double-digit growth in commercial OE and aftermarket sales, with defense revenue rising mid-single digits.
Loar’s growth pipeline expanded to $700 million in organic new business opportunities, up $100 million from February. Executives noted that less than 15% pipeline conversion would support its 3% annual growth target from new business.