0001193125-26-448677
SEC filingLoar Q3 2026营收创纪录增39.0%至$176.2M，Adjusted EBITDA利润率升至40.8%，并上调2026及2027全年指引。
| 指标 | 本期 | 去年同期 | 同比 |
|---|---|---|---|
| Net sales | $176.2M | $126.8M | 39.0% |
| Gross profit | $95.4M | $66.8M | — |
| Operating income | $46.2M | $29.0M | — |
| Net income | $19.6M | $27.6M | — |
| Diluted EPS | $0.20 | $0.29 | — |
| Adjusted EBITDA | $71.9M | $49.1M | 46.5% |
| Adjusted EBITDA Margin | 40.8% | 38.7% | — |
| Net income margin | 11.2% | 21.8% | — |
| Adjusted EPS | $0.39 | $0.43 | — |
| 期间 | 指标 | 指引 | 口径 |
|---|---|---|---|
| FY2026 | Net sales | $669M–$679M | N/A |
| FY2026 | Net income | $60M–$64M | GAAP |
| FY2026 | Adjusted EBITDA | $270M–$275M | Non-GAAP |
| FY2026 | Adjusted EBITDA Margin | 约40% | Non-GAAP |
| FY2026 | Diluted EPS | $0.62–$0.66 | GAAP |
| FY2026 | Adjusted EPS | $1.36–$1.40 | Non-GAAP |
| FY2027 | Net sales | $745M–$755M | N/A |
| FY2027 | Net income | $91M–$95M | GAAP |
| FY2027 | Adjusted EBITDA | $312M–$317M | Non-GAAP |
| FY2027 | Adjusted EBITDA Margin | 约42% | Non-GAAP |
| FY2027 | Diluted EPS | $0.93–$0.97 | GAAP |
| FY2027 | Adjusted EPS | $1.64–$1.68 | Non-GAAP |
Q3 2026净销售额$176.2M，同比增39.0%，其中有机增长15.8%（+$20.1M）至$146.8M，并购贡献其余增量。分部看，Commercial OEM由$40.5M升至$57.8M、Defense由$28.8M升至$45.5M，Commercial aftermarket由$50.9M升至$62.7M，三大板块全面扩张；Business jet & general aviation基本持平（$34.2M vs $32.6M）。Adjusted EBITDA $71.9M、利润率40.8%（去年38.7%），公司归因于战略价值驱动执行与销售增长带来的增量摊薄。
GAAP口径承压：净利润$19.6M低于去年$27.6M，净利率由21.8%降至11.2%，主因利息费用由$6.0M升至$20.0M、所得税费用上升及收购无形资产非现金摊销增加；Adjusted EPS $0.39亦低于去年$0.43。现金流方面，前九个月经营现金流$106.1M、资本开支$12.5M，CEO称季度经营现金流扣除资本开支后创同期纪录、同比改善46%。管理层年内第三次上调2026指引（营收$669–679M、Adjusted EBITDA $270–275M、Adjusted EPS $1.36–1.40），并首次给出2027指引（营收$745–755M、Adjusted EBITDA利润率约42%），CFO强调将创纪录订单与在手订单转化为销售、利润与现金流；需注意指引假设Commercial/Business Jet/GAAP OEM增长19–22%、售后市场低双位数、Defense中个位数。