{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-033860","form_type":"8-K","ticker":"MAIR","cik":"0002098430","company_name":"Madison Air Solutions Corp","filed_at":"2026-05-12T11:05:15+00:00","discovered_at":"2026-05-12T11:10:00.362945+00:00","generated_at":"2026-05-12T11:14:03.157804+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Madison Air Q1: Net sales +33.8%, adjusted EBITDA +38.7%; backlog +115.5% YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-033860","json":"https://secwatch.observer/filing/0001628280-26-033860.json","markdown":"https://secwatch.observer/filing/0001628280-26-033860.md","text":"https://secwatch.observer/filing/0001628280-26-033860.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/0001628280-26-033860-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/mair-20260512.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-12T11:14:03.157804+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a3def96c4983124ec529c7de42b729a1a20ee1f7","claim":"Madison Air Solutions Corp reported first quarter 2026 results: revenue $923.7 million, net income $43.0 million.","evidence_excerpt":"Net sales of $923.7 million, up 33.8%, including 12.5% on a pro forma basis** • Net income of $43.0 million, down 6.9%, adjusted net income* up 32.1%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/0001628280-26-033860-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2026"},{"label":"Revenue","value":"$923.7 million"},{"label":"Net income","value":"$43.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}