Loar Holdings Inc. Files S-1 for Public Offering

TL;DR

Loar Holdings Inc. is going public, filing its S-1 today. Get ready for aerospace IPO action.

AI Summary

Loar Holdings Inc., formerly Loar Holdings, LLC, filed an S-1 registration statement on December 9, 2024. The company, incorporated in Delaware with its principal office in White Plains, NY, operates in the aircraft parts and auxiliary equipment sector. The filing includes financial data for periods ending September 30, 2024, and December 31, 2023, and 2022, indicating significant operational history prior to this registration.

Why It Matters

This S-1 filing signals Loar Holdings Inc.'s intention to go public, which could lead to increased investment in the aerospace manufacturing sector and provide liquidity for existing shareholders.

Risk Assessment

Risk Level: medium — As an S-1 filing, it represents a company seeking to become publicly traded, which inherently carries market and execution risks associated with IPOs and the aerospace industry.

Key Numbers

• 3728 — SIC Code (Indicates Loar Holdings Inc. operates in the Aircraft Part & Auxiliary Equipment sector.)

Key Players & Entities

• Loar Holdings Inc. (company) — Filer of the S-1 registration statement
• Loar Holdings, LLC (company) — Former name of the company
• White Plains, NY (location) — Location of the company's business address
• December 9, 2024 (date) — Filing date of the S-1
• September 30, 2024 (date) — End date for financial data presented
• December 31, 2023 (date) — End date for financial data presented
• December 31, 2022 (date) — End date for financial data presented

FAQ

Key Financial Figures

• $92.00 — ur common stock on December 6, 2024 was $92.00 per share. See " Risk Factors " begin
• $0.01 — ries. Shares of common stock, par value $0.01 per share, of Loar Holdings Inc. are be
• $317 million — ended September 30, 2024, we generated $317 million and $292 million in net sales, respecti
• $292 million — 30, 2024, we generated $317 million and $292 million in net sales, respectively. Since the i
• $5 million — e generated a GAAP reported net loss of $5 million in 2023 and $113 million in Adjusted EB
• $113 million — rted net loss of $5 million in 2023 and $113 million in Adjusted EBITDA in 2023, representin
• $19 million — ber 30, 2024, we reported net income of $19 million and $106 million in Adjusted EBITDA, re
• $106 million — reported net income of $19 million and $106 million in Adjusted EBITDA, representing a GAAP
• $6 million — rgin. Including one-time investments of $6 million related to the relocation of a manufac

Filing Documents

• d869363ds1.htm (S-1) — 3722KB
• d869363dex11.htm (EX-1.1) — 250KB
• d869363dex51.htm (EX-5.1) — 29KB
• d869363dex211.htm (EX-21.1) — 8KB
• d869363dex231.htm (EX-23.1) — 1KB
• d869363dex232.htm (EX-23.2) — 1KB
• d869363dexfilingfees.htm (EX-FILING FEES) — 25KB
• g869363g01a99.jpg (GRAPHIC) — 300KB
• g869363g01p15.jpg (GRAPHIC) — 84KB
• g869363g02k88.jpg (GRAPHIC) — 165KB
• g869363g13k21.jpg (GRAPHIC) — 161KB
• g869363g15d39.jpg (GRAPHIC) — 140KB
• g869363g15p01.jpg (GRAPHIC) — 76KB
• g869363g39f11.jpg (GRAPHIC) — 48KB
• 0001193125-24-272807.txt ( ) — 14173KB
• loar-20240930.xsd (EX-101.SCH) — 69KB
• loar-20240930_cal.xml (EX-101.CAL) — 77KB
• loar-20240930_def.xml (EX-101.DEF) — 206KB
• loar-20240930_lab.xml (EX-101.LAB) — 517KB
• loar-20240930_pre.xml (EX-101.PRE) — 408KB
• d869363ds1_htm.xml (XML) — 1798KB

Risk Factors

Risk Factors 21 Cautionary Note Regarding Forward-Looking Statements 45

Use of Proceeds

Use of Proceeds 47 Dividend Policy 48 Capitalization 49 Unaudited Pro Forma Condensed Combined Financial Statements 51

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 57

Business

Business 79 Management 90

Executive Compensation

Executive Compensation 98 Certain Relationships and Related Party Transactions 103 Principal and Selling Stockholders 107

Description of Capital Stock

Description of Capital Stock 110 Shares Eligible for Future Sale 117 Certain United States Federal Income Tax Consequences to Non-U.S. Holders 119 Underwriting (Conflicts of Interest) 124 Legal Matters 136 Experts 136 Where You Can Find More Information 136 Index to Consolidated Financial Statements F-1 Neither we nor the selling stockholders have authorized anyone to provide you with any information other than that contained in this prospectus or in any free writing prospectus we may authorize to be delivered or made available to you. We, the selling stockholders and the underwriters have not authorized anyone to provide you with different information. We, the selling stockholders and the underwriters do not take any responsibility for, and can provide no assurance as to the reliability of, any other information that others may give you. The information in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus, or any free writing prospectus, as the case may be, or any sale of shares of our common stock. Our business, results of operations and financial condition may have changed since such date. For investors outside the United States: we are offering to sell, and seeking offers to buy, shares of our common stock only in jurisdictions where offers and sales are permitted. We, the selling stockholders and the underwriters have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of the shares of common stock and the distribution of this prospectus outside the United States. BASIS OF PRESENTATION Prior to April 16, 2024, we operated as a Delaware limited liability

View Full Filing

View this S-1 filing on SEC EDGAR