Jun 2026 (Q2 FY26) — Jul 30, 2026
Madison Air Q2 FY26 — Record Backlog and Strong Commercial Orders Drive Sales Growth
Read the full callMadison Air earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 991 | +20.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 19.7 | +3.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 69.2 | +210.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
YTD: $27 on 14 Apr 2026 → $23.18. High $43.86 (1 Jun 2026), low $23.18 (19 Oct 2026).
Overview
Call summaries
Madison Air Q2 FY26 — Record Backlog and Strong Commercial Orders Drive Sales Growth
Read the full callMadison Air Q1 FY26 — Strong Commercial Orders and Data Center Growth Drive Solid Start as Public Company
Read the full callEvery analysed call
Financials
Net profit, year on year: +210% (quarter to jun 2026 against jun 2025).
| Line item | Jun 2025 | Jun 2026 |
|---|---|---|
| Sales | 820 | 991 |
| Operating profit | 132 | 195 |
| Operating margin | 16.1% | 19.7% |
| Profit before tax | 49 | 111 |
| Tax rate | 37.5% | 36.5% |
| Net profit | 22 | 69 |
| EPS ($ per share) | 0.07 | 0.15 |
| KPI | 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.
12 filings between May 18, 2026 and Aug 25, 2026.
Purchases
$219.56M
2 purchases by 2 insiders
Sales
None
No insider sold shares.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BERTARELLI ERNESTO | $219.00M | — | Aug 25, 2026 |
| La Force Andrew Hudson III | $556.8K | — | Aug 25, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 25, 2026 | BERTARELLI ERNESTO 10% owner | Purchase | 8,770,524 | $219.00M |
| Aug 25, 2026 | Gies Larry Director | Award | 12,815,378 | $320.00M |
| Aug 25, 2026 | Gies Larry Director | Award | 12,014,417 | $300.00M |
| Aug 25, 2026 | La Force Andrew Hudson III Director | Purchase | 20,000 | $556.8K |
| Aug 21, 2026 | Larson Leah Group President Air Mvmt/Heat | Tax withheld | 20,518 | $538.6K |
| Jul 15, 2026 | Wisniewski David M Chief Accounting Officer | Award | 19,808 | $0 |
| Jun 25, 2026 | La Force Andrew Hudson III Director | Award | 5,711 | $0 |
| Jun 25, 2026 | NOLEN GEORGE Director | Award | 5,077 | $0 |
| Jun 23, 2026 | Foley John Joseph V Chief Financial Officer | Tax withheld | 21,143 | $806.2K |
| Jun 23, 2026 | Wyant Jill S Chief Executive Officer | Tax withheld | 93,618 | $3.57M |
| Jun 16, 2026 | Wyant Jill S Chief Executive Officer | Tax withheld | 167,516 | $6.54M |
| May 18, 2026 | Philippi Dale President & CEO of AprilAire | Award | 18,293 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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