MAIR Madison Air (MAIR) Q1 FY26 earnings call
Madison Air reported robust Q1 FY26 results, marking its first earnings call as a public company, with strong pro forma net sales and adjusted EBITDA growth driven by commercial segment momentum, particularly in data centers, and resilient residential demand. The company is focused on leveraging its 'Return on Air' strategy in high-value niches, while actively deleveraging its balance sheet and pursuing disciplined M&A to sustain long-term profitable growth.
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MAIR operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Employees | 8,800+As of March 31, 2026, we had over 8,800 employees with about 600 of those focused on R&D to drive innovation.Source: earnings call transcript | 9,000+As of June 30, we have over 9,000 employees with 600 of them focused on R&D to drive innovation.Source: earnings call transcript | — |
| Employees R&D | ~600As of March 31, 2026, we had over 8,800 employees with about 600 of those focused on R&D to drive innovation.Source: earnings call transcript | 600As of June 30, we have over 9,000 employees with 600 of them focused on R&D to drive innovation.Source: earnings call transcript | — |
| Book-to-bill ratio | 1.4 ratioCombined company orders grew 29%, including AprilAire orders prior to the AprilAire acquisition and reached a 1.4x book-to-bill ratio in the first quarter.Source: earnings call transcript | 1.3 ratioWith strong order activity and a second quarter book-to-bill ratio of 1.3x, we exited the quarter with a record backlog of $2.9 billion, up 133% year-over-year on a combined company basis.Source: earnings call transcript | -7.1% |
| Backlog | $2.5BWe exited the first quarter with record backlog of $2.5 billion, up 116% year-over-year on a combined company basis, providing good visibility into near-term revenue.Source: earnings call transcript | $2.9BWith strong order activity and a second quarter book-to-bill ratio of 1.3x, we exited the quarter with a record backlog of $2.9 billion, up 133% year-over-year on a combined company basis.Source: earnings call transcript | +16% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.