Madison Air Q2 FY26 net income more than doubled to $70.5 million; net sales rise 21% to $991.3 million
MAIR•Quarterly results
Madison Air posted 2Q 2026 net sales of $991.3 million, up 21%, while GAAP net income more than doubled to $70.5 million.
GAAP EPS from continuing operations rose to $0.15, while adjusted EBITDA climbed 18% to $265.8 million.
Backlog jumped 133% year over year to $2.87 billion, with orders up 45% on a combined basis.
Free cash flow was $89.6 million, while net leverage ended the quarter at 2.8x.
Updated full-year guidance
Full-year net sales guidance was raised to $3.83 billion-$3.93 billion, while adjusted EBITDA guidance stayed at $1.02 billion-$1.07 billion.
