Madison Air Solutions Corp · Q2 2026 earnings

Briefing

Madison Air Solutions Corp reported net sales of $991.3 million and net income of $70.5 million for the second quarter of 2026.

Madison Air Solutions Corp delivered strong Q2 2026 results with net sales rising 20.9% year-over-year to $991.3 million, driven by organic growth in the Commercial segment and the AprilAire acquisition. Operating income increased to $195.3 million while net income attributable to the Company reached $69.2 million. The company completed its IPO during the quarter, using proceeds to significantly reduce debt.

• Net sales grew 20.9% to $991.3 million, with Commercial segment sales up 23.8% and Residential up 16.2%.
• Operating income rose to $195.3 million and Adjusted EBITDA reached $265.8 million at a 26.8% margin.
• Completed IPO and concurrent private placement raising $2.58 billion in net proceeds, used to repay over $2.6 billion of debt.
• Total backlog increased 32.7% to $2.87 billion, reflecting strong demand especially in data center cooling solutions.

Headline financials

The company continues to focus on organic growth, operational efficiency through its 80/20 model, and strategic acquisitions while monitoring macroeconomic and tariff-related uncertainties.