Business
Madison Air Reports First Quarter 2026 Results
Madison Air Solutions Corporation (NYSE: MAIR) (the "Company" or "Madison Air"), a global provider of air quality solutions, today reported financial results for the first quarter of 2026.
About this update from Madison Air Solutions Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"Backlog up 115.5% year-over-year and orders up 29.1% on a combined basis***","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Net sales of $923.7 million, up 33.8%, including 12.5% on a pro forma basis**","length":77,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $43.0 million, down 6.9%, adjusted net income* up 32.1%","length":69,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA* of $233.4 million, up 38.7%, with adjusted EBITDA margin* of 25.3%, up 89 bps","length":94,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operations - continuing operations of $57.8 million and free cash flow* of $50.4 million","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Continued de-leveraging, pre-IPO down ~0.2x from year end, post IPO adjusted net leverage 3.0x","length":94,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":512,"olType":false},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:TOP;","val":[{"type":"text","content":"*This news release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found under "Selected Financial Data, Non-GAAP Measures and Definitions."**Financial information presented on a Pro Forma basis solely to give effect to the AprilAire Acquisition as if such transaction had occurred on January 1, 2025. See the unaudited pro forma combined statements of operations filed as Exhibit 99.1 to our Quarterly Report on Form 10-Q for a description of the adjustments and assumptions underlying the Pro Forma financial information***For the three months ended March 31, 2025, certain results are presented on a "combined basis" as the sum of the amounts for the Company for such period and the amounts for AprilAire for the same period, without any other adjustments. This presentation does not comply with GAAP or SEC rules for pro forma presentation.","length":930,"tagName":"p","attribs":{}}]}]}],"length":930},{"type":"text","content":"CHICAGO, May 12, 2026 /PRNewswire/ -- Madison Air Solutions Corporation (NYSE: MAIR) (the "Company" or "Madison Air"), a global provider of air quality solutions, today reported fi...