Madison Air Solutions Reports Strong Q3 2026 Growth Driven by Commercial Demand
Madison Air Solutions (MAIR) delivered robust third-quarter 2026 results, reporting net sales of $1.127 billion, a 25.4% increase year-over-year. This growth was primarily fueled by significant momentum in commercial end markets and sustained demand for residential Healthy Air systems. The company also reported an adjusted EPS of $0.38, up from $0.28 in the prior year. Despite top-line strength, adjusted EBITDA margins saw a slight contraction to 26.5% from 28.0%. Management attributed this decline to a favorable product mix shift toward the rapidly expanding data center cooling business, which currently operates at lower margins during its scaling phase. However, the company's backlog surged by nearly 120% to $3.2 billion, providing significant long-term visibility. Reflecting strong execution, Madison Air Solutions raised its full-year revenue guidance to a range of $4.05 billion to $4.125 billion. The company is also focused on realizing $160 million in annual cost synergies following the ebm-papst acquisition.
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Topics: Adjusted EBITDA Backlog Increase Data Center Cooling Net Sales Growth Revenue Guidance