secwatch.observer — SEC 8-K summary
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Issuer:     Madison Air Solutions Corp (MAIR)
CIK:        0002098430
Form:       8-K
Filed at:   2026-05-12T11:05:15+00:00
Accession:  0001628280-26-033860
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/0001628280-26-033860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2098430/000162828026033860/mair-20260512.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-033860

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer