---
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"
generated_at: "2026-05-12T11:14:03.157804+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Madison Air Q1: Net sales +33.8%, adjusted EBITDA +38.7%; backlog +115.5% YoY

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-033860
- JSON: https://secwatch.observer/filing/0001628280-26-033860.json
- Plain text: https://secwatch.observer/filing/0001628280-26-033860.txt

## Key facts
- Earnings Releases
  Madison Air Solutions Corp reported first quarter 2026 results: revenue $923.7 million, net income $43.0 million.
  - Period: first quarter 2026
  - Revenue: $923.7 million
  - Net income: $43.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/0001628280-26-033860-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.