Loar Group to Acquire LMB Fans & Motors, Reports Record 2024 Financial Results

Loar Holdings Inc. announced its agreement to purchase 100% of LMB Fans & Motors for €365 million. The acquisition aligns with Loar's strategic criteria and is expected to close in Q3 2025, pending regulatory approvals. LMB, a key player in aerospace and defense, will complement Loar's portfolio.

Loar also released preliminary financial results for 2024, indicating strong performance. Q4 net sales are estimated between $108.1 million and $110.1 million, compared to $86.4 million the previous year. Net income is projected between $2.7 million and $3.3 million, contrasting a $0.6 million loss last year.

For the full year 2024, net sales projected between $400.5 million and $402.5 million depict growth from $317.5 million. Net income expected between $21.2 million and $21.8 million showcases a shift from a $4.6 million loss in 2023.