EX-99.1 2 a20262q8kex-991.htm EX-99.1 Document Exhibit 99.1 Madison Air Reports Second Quarter 2026 Results • Backlog of $2,868.4 million up 133% year-over-year and orders up 45% on a combined basis*** • Net sales of $991.3 million, up 21%, including up 14% on a pro forma basis** • Net income of $70.5 million, up 129%, with net income margin of 7% and adjusted net income* of $147.7 million, up 71% • Adjusted EBITDA* of $265.8 million, up 18%, with adjusted EBITDA margin* of 27% • Cash flow from operations - continuing operations of $98.6 million and free cash flow* of $89.6 million • Ended 2Q with 2.8x net leverage*, down ~0.2x from immediately following the IPO *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, and for net leverage to give effect to the IPO and debt prepayment. See the unaudited pro forma combined statements of operations filed as Exhibit 9…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Madison Air Solutions Corporation
MAIRNYSEEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On July 30, 2026, Madison Air Solutions Corporation (the "Company") issued a press release announcing its second quarter 2026 results. A copy of such press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.…
Company context
Madison Air (NYSE: MAIR) is an air quality solutions provider serving priority commercial and residential markets. Through its portfolio of trusted brands, including Addison, AprilAire, Big Ass Fans, Broan-NuTone, Nortek Air Solutions, Nortek Data Center Cooling and Reznor, the Company helps customers improve performance, protect critical assets and create healthier indoor environments. Madison Air's mission is to make the world safer, healthier and more productive through the power of better air.