earnings
confidence high
sentiment positive
materiality 0.85
Madison Air Q1: Net sales +33.8%, adjusted EBITDA +38.7%; backlog +115.5% YoY
Madison Air Solutions Corp
- Net sales $923.7M, up 33.8% (12.5% pro forma); net income $43.0M, down 6.9%.
- Adjusted net income up 32.1%; adjusted EBITDA $233.4M, margin 25.3% (+89 bps).
- Backlog surged 115.5% YoY; orders up 29.1% on a combined basis.
- Free cash flow $50.4M; post-IPO adjusted net leverage 3.0x.
- Cash from ops (continuing ops) $57.8M.