Welcome to our dedicated page for APi Group Corporation news (Ticker: $APG), a resource for investors and traders seeking the latest updates and insights on APi Group Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect APi Group Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of APi Group Corporation's position in the market.
APi Group reported strong first quarter financial results for 2024, with record net income of $45 million (up 73% year-over-year) and adjusted EBITDA of $175 million (up 19% year-over-year). The company simplified its capital structure by retiring all outstanding Series B Preferred Stock and entered a new service market with an agreement to acquire Elevated Facility Services Group. APi remains focused on margin expansion initiatives and targets a 13% adjusted EBITDA margin by 2025. The company is excited about its pipeline of opportunities and aims to deliver on both its 2024 plan and long-term targets.
