Latest News About Madison Air

Here’s what I found about Madison Air (latest news up to now):

Direct answer

• Madison Air recently reported strong first-quarter 2026 results, with net sales of $923.7 million (up about 33.8% year over year on a pro forma basis), and adjusted EBITDA of $233.4 million (up about 38.7%), alongside cash flow improvements and ongoing leverage reduction. The company also highlighted a substantial backlog rise and higher orders, driven in part by recent acquisitions and IPO-related activities.[3][4]

Key recent disclosures and context

• The company announced a first-quarter 2026 results press release with figures including:

  • Net sales: $923.7 million
  • Net income: $43.0 million (down vs. prior year), with adjusted net income up about 32% on a pro forma basis
  • Adjusted EBITDA: $233.4 million, margin around 25.3%
  • Backlog up roughly 115.5% year over year; orders up about 29.1% on a combined basis
  • Strong operating cash flow and free cash flow, plus continued deleveraging These figures were disclosed in mid-May 2026 press releases and investor communications.[1][4][3]

• Madison Air completed an initial public offering (IPO) in 2026, raising approximately $2.23 billion, positioning the company for expansion in data center infrastructure and related markets (e.g., Terafabs), as discussed in IPO-related coverage and executive commentary.[5]

• The company maintains investor information and updates on its own site, including press releases and an investor presentation for the quarter, and hosts conference calls for results discussions.[6][7][3]

• Media coverage around the IPO and first-quarter results was also reported by financial information services and press outlets, confirming the notable backlog growth, pro forma sales uplift, and operating cash flow improvements.[4][3]

Illustration (example)

• Think of Madison Air’s recent performance like a manufacturing-led growth story: a big jump in orders and backlog signaling strong demand, paired with improved cash generation and a disciplined debt/leveraging path after the IPO, while one measure like net income fluctuates due to acquisition-related adjustments and non-GAAP reconciliations.

Notes and cautions

• Some reported figures (e.g., net income and adjusted metrics) include non-GAAP measures and pro forma adjustments related to acquisitions like AprilAire, so auditors’ GAAP results and reconciliations are important for precise interpretation. Review the company’s press releases and Form 10-Q/Exhibits for complete definitions and reconciliations.[2][1][4]

Citations

• Madison Air press release: May 12, 2026, with Q1 2026 results, including net sales, EBITDA, and backlog details.[1]
• Investor materials and summary of Q1 2026 results, including backlog and cash flow metrics.[3]
• PR Newswire recap of the Q1 2026 results and conference call details.[4]
• Bloomberg/IPO-related coverage confirming the $2.23 billion IPO and strategic focus.[5]
• Company website for corporate overview and investor relations resources.[7][6]

If you’d like, I can pull the exact figures from the cited releases into a concise table or summarize the GAAP vs non-GAAP reconciliations. I can also track any updates from the next quarterly results or the IPO milestones.