Madison Air reports Q1 revenue $923.7M, consensus $849.87M

Reports Q1 net income $43.0M vs. $46.2M last year. Reports Q1 adjusted EBITDA $233.4M vs. $168.3M last year. “We delivered a strong start to the year, with record net sales increasing 12.5% year over year on a pro forma basis, driven by solid demand across our end markets and consistent execution by our team,” said Jill Wyant, CEO. “Our results reflect the strength of our Return on Air value proposition, our focus on growth markets, and our unique operating model, which helped drive backlog growth and momentum across the portfolio. Following the quarter, we successfully completed our initial public offering-an important milestone that gives us greater financial flexibility to support our long-term growth. As a public company, we have the capital structure to pursue our mission, execute our strategy, and continue investing in the business while delivering differentiated value for our customers. Looking ahead, we remain focused on serving our customers and team, executing with discipline and driving sustainable, profitable growth. With our market positions and continued momentum, we are confident in our ability to build on this progress in the quarters and years ahead.”