Madison Air Solutions (NYSE:MAIR) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Madison Air Solutions (NYSE:MAIR) released its earnings results on Thursday. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07, FiscalAI reports. The company had revenue of $991.30 million for the quarter. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 20.9% on a year-over-year basis.

Here are the key takeaways from Madison Air Solutions’ conference call:

• Second-quarter net sales rose 14% to $991 million on a pro forma basis, while adjusted EBITDA increased 12%; free cash flow reached approximately $140 million year to date.
• Orders grew 45% in the quarter and the company exited with a record $2.9 billion backlog, up 133% year over year, providing visibility into 2027 and beyond. Commercial orders excluding data centers rose nearly 50%, indicating broader demand across healthcare, advanced manufacturing, logistics, and institutional markets.
• Madison Air raised its 2026 net sales outlook by approximately $75 million at the midpoint to $3.825 billion-$3.925 billion and maintained an adjusted EBITDA outlook of $1.02 billion-$1.065 billion, with full-year margins expected around 27%.
• The residential segment grew 2% despite soft housing conditions, led by continued adoption of Healthy Air Systems and AprilAire; segment adjusted EBITDA increased 36%, with margin expansion driven by pricing, productivity, and favorable mix.
• Commercial margins were pressured year over year by data-center project mix, capacity ramp costs, and the timing of tariff and inflation recovery. Management expects improvement in the second half, but residential margins are expected to decline somewhat sequentially after a particularly strong second quarter.

Madison Air Solutions Stock Down 7.8%

NYSE MAIR traded down $2.46 during trading hours on Thursday, hitting $29.18. 9,530,244 shares of the company’s stock traded hands, compared to its average volume of 2,522,810. The company has a market cap of $14.63 billion and a P/E ratio of 0.00. Madison Air Solutions has a 52-week low of $27.38 and a 52-week high of $44.50. The company’s 50-day moving average is $38.09.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAIR. The Goldman Sachs Group began coverage on Madison Air Solutions in a report on Monday, May 11th. They issued a “neutral” rating and a $44.00 price objective on the stock. Stifel Nicolaus started coverage on Madison Air Solutions in a report on Monday, May 11th. They set a “buy” rating and a $47.00 target price for the company. Wall Street Zen raised Madison Air Solutions to a “hold” rating in a research note on Sunday, July 12th. Vertical Research started coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $50.00 price target for the company. Finally, Citigroup initiated coverage on Madison Air Solutions in a research report on Monday, May 11th. They set a “buy” rating and a $49.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $46.80.

About Madison Air Solutions

We take up to 25,000 breaths a day and spend up to 90% of our lives indoors, often breathing air that’s two to five times more polluted than outdoor air. Clean air is absolutely essential to human life, yet most people rarely think about the air we breathe at home, in our schools, in healthcare facilities and in the workplace. Poor air quality doesn’t just affect comfort; it undermines health, productivity and performance. Improving air quality is a fundamental principle that is a key tenet in everything we do.