Loar Holdings Inc., a company listed on the New York Stock Exchange under the symbol LOAR, has made a significant announcement in the industrial sector by signing an agreement to acquire 100% of LMB Fans & Motors for 365 million euros, in addition to assuming its net debt. This transaction, expected to close in the third quarter of 2025, marks a milestone in Loar’s expansion, specializing in the design and production of advanced technological solutions.
The agreement is subject to consultation with LMB’s social and economic committee, as well as obtaining relevant regulatory approvals. LMB has a track record of over 60 years in the market, standing out for its expertise in the design and production of high-performance fans and motors. The company has over 2,000 specialized products and has a strong presence in aerospace and defense sectors, which will complement Loar’s capabilities and strengthen its position in strategic markets.
Dirkson Charles, CEO of Loar, expressed excitement about the potential addition of LMB, emphasizing that the company aligns with Loar’s strategic acquisition criteria. He also indicated that the sale option grants Loar a period of exclusivity, expected to be formalized soon after consultation with LMB’s committee.
In parallel, Loar has shared preliminary results for the fourth quarter and full year of 2024. The company is estimated to register net sales between 108.1 and 110.1 million dollars in the last quarter, compared to 86.4 million in the previous period. Net income is projected to be between 2.7 and 3.3 million dollars, marking a significant shift from the negative result in the previous quarter to a positive figure.
For the full year 2024, Loar expects net sales between 400.5 and 402.5 million dollars, representing a significant increase compared to 317.5 million in the previous year. Adjusted EBITDA is also on the rise, projected between 145.2 and 146.0 million dollars.
Looking ahead to 2025, Loar has reaffirmed its revenue and adjusted EBITDA expectations, highlighting a favorable growth environment in various market segments, such as the defense sector and commercial aviation. It is worth noting that these forecasts do not include the impact of the possible acquisition of LMB, suggesting additional expansion potential.
To discuss these results and future plans, Loar will hold a conference call on March 31, 2025, where more details will be provided on the close of the fiscal year and the strategy the company will pursue in the future.
via: MiMub in Spanish