Zephyr (MAIR) announced a new software experience for its Wi-Fi-enabled HyperCore™ Induction Cooktop, enabling over-the-air updates that add features after installation.
The latest update delivers individual timers for each of the four heating elements, a redesigned system information bar showing battery, Wi-Fi, notifications and updates, and clearer display of element-specific data such as power, temperature and timer status. The interface aims to make information easier to see and sets a foundation for future HyperCore capabilities.
MAIR / Big Ass Fans highlights new research defining the “Heat Tax” and showing how industrial airflow eases extreme heat strain on factory workers.
Field studies by the University of California, Berkeley and the University of Sydney in two Baton Rouge manufacturing plants compared shifts with industrial fans on versus off for 30 workers. With fans operating, workers reported conditions comparable to being in an environment 10°F cooler, and 79% felt more effective at their jobs. All surveyed workers viewed running industrial fans as important in their workplace.
Big Ass Fans’ internal analysis estimates fewer than 20% of U.S. industrial facilities are air conditioned. The company states high-volume air movement solutions can use 20–30 times less energy than traditional air conditioning while helping reduce heat-related productivity losses.
Madison Air (NYSE: MAIR) announced a private placement of approximately $2.250 billion of Class A common stock, selling 90,108,130 shares at $24.97 per share to accredited investors. Chairman Larry Gies will purchase $300 million and affiliated Madison Solutions $320 million of the offering.
The deal is expected to close around September 1, 2026, subject to customary conditions, with Goldman Sachs as lead placement agent and Barclays as placement agent. Madison Air plans to use the net proceeds to fund the equity portion of its previously announced $5.0 billion Acquisition of multiple ebm-papst entities, alongside about $2.8 billion of debt and cash. The company expects pro forma net leverage of about 3.7x, is targeting less than 2.5x net leverage within two years, and continues to expect the Acquisition to be EPS-accretive in the first year after closing.
Zephyr (NASDAQ: MAIR) announced the Presrv™ Gourmet Clear Ice Machine, a 15-inch, panel-ready appliance for home bars, kitchens, and entertaining spaces. It produces up to 80 pounds of crystal-clear, slow-melting ice per day and stores up to 26 pounds, with three adjustable cube thickness settings.
The unit features an interactive TFT touchscreen with guided Easy Clean System, built-in water filter, and both drain pump and gravity drain options included. Design details include a field-reversible, panel-ready door, optional stainless overlay, soft-close hinges, eight-color interior LED lighting, Active Leak Protection with automatic internal water shutoff, and a 316-grade stainless steel ice scoop. Zephyr also plans a Presrv™ Outdoor Gourmet Clear Ice Machine launch in November 2026.
Madison Air (NYSE: MAIR) entered a definitive agreement to acquire German airflow technology provider ebm-papst for an effective enterprise purchase price of $5.0 billion (enterprise value $5.4 billion), equal to 14.6x forecast 2026 adjusted EBITDA, or 10x including expected synergies.
ebm-papst, operating in about 40 countries, is forecast to generate $2.8 billion in 2026 revenue and $343 million in adjusted EBITDA (12% margin). Madison Air expects the deal to add roughly $30 billion to its addressable market and to deliver $160 million of annual run-rate cost synergies by year three.
The transaction is expected to be accretive to adjusted EPS in the first full year post-close. Madison Air plans to fund the acquisition with cash, debt and equity, targeting pro forma net leverage of <4.0x at closing and about 2.5x within two years. Closing is expected around year-end, subject to regulatory approvals and customary conditions.
Madison Air (NYSE: MAIR) reported second quarter 2026 net sales of $991.3 million, up 21% year-over-year (14% pro forma), and net income of $70.5 million, up 129% with a 7.1% margin. Adjusted net income reached $147.7 million and adjusted EBITDA was $265.8 million with a 26.8% margin.
Backlog rose 133% year-over-year to $2,868.4 million and orders increased 45% on a combined basis. Commercial net sales grew 23.8% and Residential 16.2%, with strong acquisition contributions. The company completed a large IPO and private placement, using $2,625.7 million of proceeds plus cash to repay term loans, ending with 2.8x net leverage. Madison Air raised 2026 net sales guidance to $3,825–$3,925 million while maintaining adjusted EBITDA guidance at $1,020–$1,065 million. Free cash flow for the first half was $140.0 million, and available revolver capacity was $1,294.3 million at June 30, 2026.
Madison Air (NYSE: MAIR), an air quality solutions provider focused on commercial and residential markets, has scheduled a conference call and webcast to discuss its second quarter 2026 financial results on Thursday, July 30, 2026, at 8:30 a.m. EDT.
According to Madison Air, the related earnings release will be issued earlier that morning. The event will be available both via dial-in, for participants who wish to ask questions, and as a listen-only webcast. Additional access and registration details, including dial-in numbers and webcast information, will be posted on the company’s investor relations website. Madison Air also plans to provide a webcast replay on its website after the call concludes.
Madison Air (NYSE: MAIR) brand Big Ass Fans launched Bison, a residential fan blending high airflow and refined design for indoor and outdoor spaces. The fan delivers over 16,000 CFMs, is UL wet-rated, Matter-enabled, and offered in three sizes with smart-home integration.
Madison Air (NYSE: MAIR) reported Q1 2026 net sales of $923.7 million, up 33.8% (12.5% pro forma), with backlog up 115.5% and orders up 29.1% on a combined basis. GAAP net income was $43.0 million, down 6.9%, while adjusted net income rose 32.1% to $92.5 million. Adjusted EBITDA increased 38.7% to $233.4 million, yielding a 25.3% margin. Free cash flow was $50.4 million with 117.2% conversion. An April 2026 IPO and concurrent private placement raised $2,584.2 million in net proceeds, largely used to repay $2,661.2 million of term loans. Full-year 2026 guidance targets net sales of $3.75–$3.85 billion and adjusted EBITDA of $1.02–$1.065 billion.
Madison Air (NYSE: MAIR) will host a conference call and webcast to discuss Q1 2026 financial results on Tuesday, May 12, 2026 at 8:30 a.m. EDT. The company will issue its earnings release earlier that morning.
Dial-in access will allow live questions; a listen-only webcast and a replay will be available via the company's investor relations website at https://investors.madisonair.com/.