EX-99.1

2 a20262q8kex-991.htm

EX-99.1

Document

Exhibit 99.1

Madison Air Reports Second Quarter 2026 Results

•Backlog of $2,868.4 million up 133% year-over-year and orders up 45% on a combined basis***

•Net sales of $991.3 million, up 21%, including up 14% on a pro forma basis**

•Net income of $70.5 million, up 129%, with net income margin of 7% and adjusted net income* of $147.7 million, up 71%

•Adjusted EBITDA* of $265.8 million, up 18%, with adjusted EBITDA margin* of 27%

•Cash flow from operations - continuing operations of $98.6 million and free cash flow* of $89.6 million

•Ended 2Q with 2.8x net leverage*, down ~0.2x from immediately following the IPO

*This news release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found under “Selected Financial Data, Non-GAAP Measures and Definitions.”

**Financial information presented on a Pro Forma basis solely to give effect to the AprilAire Acquisition as if such transaction had occurred on January 1, 2025, and for net leverage to give effect to the IPO and debt prepayment. See the unaudited pro forma combined statements of operations filed as Exhibit 99.1 to our Quarterly Report on Form 10-Q for a description of the adjustments and assumptions underlying the Pro Forma financial information

***For the six months ended June 30, 2025, certain results are presented on a “combined basis” as the sum of the amounts for the Company for such period and the amounts for AprilAire for the period From January 1, 2025 through May 6, 2025 (acquisition date),, without any other adjustments. This presentation does not comply with GAAP or SEC rules for pro forma presentation.

Chicago, Illinois, July 30, 2026 - Madison Air Solutions Corporation (NYSE: MAIR) (the “Company” or “Madison Air”), a global provider of air quality solutions, today reported financial results for the second quarter of 2026.

“We exist to make the world safer, healthier and more productive through the power of better air, and our second-quarter results reflect the strength of that purpose-driven strategy,” said Jill Wyant, President and CEO. “Our differentiated Return on Air™ approach is helping us win with customers across a diversified portfolio of commercial and residential applications. We delivered double-digit net sales growth, strong orders momentum and record backlog across a diverse set of end markets. The combination of strong first-half execution, continued customer demand and the visibility provided by our backlog gives us confidence to raise our full-year outlook. These results also reflect the dedication of our people, our entrepreneurial culture and the deep partnerships we build with customers. Together, those strengths help customers achieve better outcomes through better air while creating sustainable long-term value.”

Recent highlights include:

•Continued Commercial growth momentum, with orders up 45% on a combined basis, driven by wins in mission-critical applications including, liquid cooling, semiconductor cleanrooms and public health laboratories, while expanding Healthy Air Systems adoption through contractor engagement in Residential.

•Raised full-year net sales guidance given strong first-half performance and continued revenue visibility. We now expect high-single-digit-plus pro forma net sales growth (range of $3,825 to $3,925 million). In addition, we expect high-single-digit to low-double-digit pro forma Adjusted EBITDA growth (range of $1,020 to $1,065 million).

•Continued to strengthen our entrepreneurial culture, with employee engagement scores increasing four percentage points year-over-year, and strong retention, where monthly voluntary turnover remained approximately 30% below industry benchmarks.

•Successfully completed our initial public offering (“IPO”) and concurrent private placement on April 17, 2026, generating net proceeds of $2,584.2 million. Together with $41.5 million of cash on hand, these proceeds were used to repay $2,625.7 million of outstanding borrowings. Net leverage was 2.8x as of June 30, 2026.

•Strengthened financial flexibility by increasing our revolving credit facility commitment to $1,300.0 million, resulting in $1,294.3 million available capacity under the revolving credit facility as of June 30, 2026.

•Reduced annual interest expense by repricing the remaining Incremental Term Loan Facility in June 2026, lowering the spread by 100 bps and removing the margin step-up and step-down. Following the amendment, the applicable margin is 1.75%.

2026 2Q Madison Air 1

Second Quarter 2026 Results

(Unaudited)(Unaudited)

Three months ended June 30,Six months ended June 30,

(in millions, except per share amounts)2026202520262025

GAAP Metrics

Net sales$991.3 $819.6 $1,915.0 $1,510.0

Net Income (Loss)70.5 30.8 113.5 77.0

Net Income (Loss) margin7.1 %3.8 %5.9 %5.1 %

Earnings Per Share (EPS) - continuing operations0.15 0.07 0.26 0.18

Cash from Operating Activities98.6

EX-99.1

2 a20261q8k_ex-991.htm

EX-99.1

Document

Exhibit 99.1

Madison Air Reports First Quarter 2026 Results

•Backlog up 115.5% year-over-year and orders up 29.1% on a combined basis***

•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%

•Adjusted EBITDA* of $233.4 million, up 38.7%, with adjusted EBITDA margin* of 25.3%, up 89 bps

•Cash flow from operations - continuing operations of $57.8 million and free cash flow* of $50.4 million

•Continued de-leveraging, pre-IPO down ~0.2x from year end, post IPO adjusted net leverage 3.0x

*This news release contains non-GAAP financial measures. Definitions and reconciliations of the non-GAAP financial measures can be found under “Selected Financial Data, Non-GAAP Measures and Definitions.”

**Financial information presented on a Pro Forma basis solely to give effect to the AprilAire Acquisition as if such transaction had occurred on January 1, 2025. See the unaudited pro forma combined statements of operations filed as Exhibit 99.1 to our Quarterly Report on Form 10-Q for a description of the adjustments and assumptions underlying the Pro Forma financial information

***For the three months ended March 31, 2025, certain results are presented on a “combined basis” as the sum of the amounts for the Company for such period and the amounts for AprilAire for the same period, without any other adjustments. This presentation does not comply with GAAP or SEC rules for pro forma presentation.

Chicago, Illinois, May 12, 2026 - Madison Air Solutions Corporation (NYSE: MAIR) (the “Company” or “Madison Air”), a global provider of air quality solutions, today reported financial results for the first quarter of 2026.

“We delivered a strong start to the year, with record net sales increasing 12.5% year over year on a pro forma basis, driven by solid demand across our end markets and consistent execution by our team,” said Jill Wyant, President and CEO. “Our results reflect the strength of our Return on Air™ value proposition, our focus on growth markets, and our unique operating model, which helped drive backlog growth and momentum across the portfolio.

Following the quarter, we successfully completed our initial public offering—an important milestone that gives us greater financial flexibility to support our long-term growth. As a public company, we have the capital structure to pursue our mission, execute our strategy, and continue investing in the business while delivering differentiated value for our customers.

Looking ahead, we remain focused on serving our customers and team, executing with discipline and driving sustainable, profitable growth. With our market positions and continued momentum, we are confident in our ability to build on this progress in the quarters and years ahead.”

Recent highlights include:

•On April 17, 2026, the Company completed its initial public offering (“IPO”) of 95,096,154 Class A common stock, which includes shares issued after the underwriters fully exercised their option, at an offering price of $27.00 per share. In addition, the Company issued 3,703,704 shares of Class B common stock under a concurrent private placement at a price of $27.00 per share. The Company received net proceeds from the IPO and concurrent private placement of $2,584.2 million after deducting underwriting discounts and commissions (excluding offering related expenses). Net proceeds from the IPO and private placement, together with $77.1 million of cash on hand, were used to repay an aggregate $2,661.2 million of outstanding borrowings under the Initial Term Loan Facility and Incremental Term Loan Facility, consisting of $2,425.7 million of principal and $35.4 million of accrued interest on our Initial Term Loan and $158.4 million of principal and $41.6 million of accrued interest on our Incremental Term Loan.

1

First Quarter 2026 Results

(Unaudited)

Three months ended March 31,

(in millions, except per share amounts)20262025% Change

GAAP Metrics

Net sales$923.7 $690.4 33.8 %

Net Income (Loss)43.0 46.2 (6.9)%

Net Income (Loss) margin4.7 %6.7 %204 bps

Continuing Earnings Per Share (EPS)33,617 36,762 (8.6)%

Cash from Operating Activities57.8 54.9 5.3 %

Non-GAAP Metrics

Organic sales770.9 690.4 11.7 %

Adjusted net income (loss)92.5 70.0 32.1 %

Adjusted net income (loss) margin10.0 %10.1 %12 bps

Adjusted EPS83,088 60,532 37.3 %

Free cash flows (FCF)50.4 50.4 — %

Adjusted EBITDA233.4 168.3 38.7 %

Adjusted EBITDA margin25.3 %24.4 %89 bps

By Segment

Commercial$609.8 $493.6 23.5 %

Residential315.6 197.5 59.8 %

Eliminations(1.7)(0.7)142.9 %

Net Sales$923.7 $690.4 33.8 %

Commercial$161.0 $128.4 25.4 %

Residential79.3 43.2 83.6 %

Central and other costs(6.9)(3.3)109.1 %

Adjusted EBITDA$233.4 $168.3 38.7 %

Full-Year 2026 Guidance**

Current Guidance**

Net Sales $3,750 to $3,850 million

Adjusted EBITDA* $1,020 to $1,065 million

*Note: When the