Madison Air Solutions Corp-A 2026年季度报告

FORM 10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the quarterly period ended March 31, 2026or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934For the transition period from _______ to _______Commission File Number: 001-43236 Madison Air Solutions Corporation (Exact name of registrant as specified in its charter) 41-2529345 (I.R.S. Employer Identification No.) (State or other jurisdiction of incorporation or organization) 444 West Lake Street, Suite 4460Chicago, IL 60606(Address of principal executive offices) (Zip Code) (312) 262-6374(Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered MAIR New York Stock Exchange Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days: Yes☐No☑ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☑Smaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2) of the Exchange Act). Yes☐No☑ The registrant had outstanding 176,888,113 shares of Class A common stock and 324,379,859 of Class B common stock at April 17, 2026. Table of Contents PageForward-Looking Statements3About Madison Air4Management's Discussion and Analysis of Financial Condition and Results of Operations4Quantitative and Qualitative Disclosures about Market Risk17Controls and Procedures17Other Financial Information18Financial Statements (Unaudited)19Madison Air Solutions Corporation Condensed Consolidated Balance Sheets (Unaudited)19Madison Air Solutions Corporation Notes to the Balance Sheets (Unaudited)20Madison Industries IAQ Solutions Corporation Condensed Consolidated Balance Sheets (Unaudited)22Madison Industries IAQ Solutions Corporation Condensed Consolidated Statements of Income (Loss) (Unaudited)23Madison Industries IAQ Solutions Corporation Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)24Madison Industries IAQ Solutions Corporation Condensed Consolidated Statements of Shareholder’s Equity (Deficit) and NoncontrollingInterests (Unaudited)25Madison Industries IAQ Solutions Corporation Condensed Consolidated Statements of Cash Flows (Unaudited)26Note 1. Introduction27Note 2. Basis of Presentation and Summary of Significant Accounting Policies27Note 3. Revenue Recognition28Note 4. Fair Value of Financial Instruments29Note 5. Goodwill and Other Intangible Assets29Note 6. Inventories30Note 7. Property, Plant and Equipment30Note 8. Income Taxes30Note 9. Accrued Expenses and Other Current Liabilities31Note 10. Debt31Note 11. Derivative Financial Instruments32Note 12. Leases33Note 13. Employee Benefit Plans34Note 14. Equity Appreciation Rights35Note 15. Related Party Transactions36Note 16. Earnings Per Share36Note 17. Product Warranties36Note 18. Accumulated Other Comprehensive Income36Note 19. Segment Information37Note 20. Commitments and Contingencies38Note 21. Subsequent Events39Exhibits40Form 10-Q Cross Reference Index40Signatures41 Forward-Looking Statements.This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning ofSection 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of1934 (the "Exchange Act"), as amended. For these statements, we claim the protections of the safe harbor for forward-lookingstatements contained in such Sections. The forward-looking statements included herein are subject to risks and uncertainties. Allstatements other than statements of historical fact are forward-looking statements. Forward-looking statements give our currentexpectations and projections relating to our financial condition, results of operations, plans, object