Madison Air Solutions reported a strong third quarter 2026, outperforming analyst expectations for both revenue and earnings. The results were primarily driven by a significant expansion in the Commercial segment, particularly within data center cooling solutions, and the continued integration of AprilAire within the Residential segment. Management raised its full-year 2026 guidance for both net sales and Adjusted EBITDA based on current momentum.
Key Highlights
- Record order backlog of $3.19 billion, reflecting a 119.3% increase year-over-year, providing significant visibility for upcoming quarters.
- Commercial segment net sales surged 39.3% to $771.9 million, fueled by heavy demand for mission-critical liquid and hybrid cooling systems in data centers.
- Management updated full-year 2026 net sales guidance to $4.05B–$4.13B, up from the previous midpoint of $3.88B.