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APi Group Corporation - APG STOCK NEWS

Welcome to our dedicated news page for APi Group Corporation (Ticker: APG), a resource for investors and traders seeking the latest updates and insights on APi Group Corporation.

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.

Rhea-AI Summary
APi Group Corporation (APG) senior leadership to participate in fireside chat at 2024 J.P. Morgan Industrials Conference. Webcast details available on APi's Investor Relations page.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
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Rhea-AI Summary
APi Group Corporation (APG) announced the upsize and pricing of a public offering of 10,569,106 shares of common stock by Blackstone Inc. and Viking Global Investors LP at $34.25 per share. The Selling Stockholders received shares upon conversion of Series B Preferred Shares. APi will not receive proceeds from the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.59%
Tags
offering
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Rhea-AI Summary
APi Group Corporation (NYSE: APG) announces a public offering of 8,130,082 shares of common stock by Blackstone and Viking Selling Stockholders. The Selling Stockholders also grant underwriters an option to purchase additional shares. APi will not receive proceeds from the sale. The offering is made under a shelf registration statement filed with the SEC.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
offering
Rhea-AI Summary
APi Group Corporation (NYSE: APG) reported record full-year net revenues of $6.9 billion, with 6% reported and 5.5% organic growth. The company achieved a record reported net income of $153 million and adjusted EBITDA of $782 million, marking a 110% and 16.2% growth, respectively. They also announced a $1 billion share repurchase program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
earnings
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Rhea-AI Summary
APi Group Corporation (APG) reports record financial results for 2023, with net revenues and adjusted EBITDA expected to exceed guidance. The company aims for mid-single-digit organic growth in 2024, driven by strong backlog and core inspection growth. APi's balance sheet strength allows for pursuing value-enhancing capital allocation strategies, including M&A acceleration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.77%
Tags
none
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Rhea-AI Summary
APi Group Corporation (NYSE: APG) announced the release of its financial results for the three months and full-year ended December 31, 2023, which will be discussed in a conference call on February 28, 2024. The company's senior leadership will also be participating in investor conferences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
Tags
conferences earnings
News
Rhea-AI Summary
APi Group Corporation (NYSE: APG) has announced the repayment of an additional $175 million on its Term Loan due 2026, leaving $330 million outstanding. The company has repaid a total of $475 million of debt year to date and expects to end 2023 below its targeted net leverage ratio of 2.5x. APi's Chief Financial Officer, Kevin Krumm, stated that the recent paydown of debt represents a step forward in reducing leverage and strengthening the balance sheet, with plans to return to bolt-on M&A in 2023 and grow adjusted free cash flow in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
-
Rhea-AI Summary
APi Group Corporation (NYSE: APG) has increased its Chubb value capture target by 25% to $125 million. The company expects to spend up to $125 million to capture these savings by the end of 2025. APi also anticipates double-digit core inspection organic growth and continued margin expansion across the business, aiming for a 13% (or more) Adjusted EBITDA margin by 2025. The company's backlog is strong, and its balance sheet is in a favorable position, expecting to end 2023 below the targeted 2.5x debt to Adjusted EBITDA ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.37%
Tags
none
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Rhea-AI Summary
APi Group Corporation (NYSE: APG) reported net revenues of $5.2 billion for the first nine months of 2023, representing approximately 7% growth. The company also reported net income of $54 million and adjusted EBITDA of $224 million for the third quarter, with year-over-year net income growth of 93% and adjusted EBITDA margin expansion of 190 basis points. APi Group is raising the bottom end of its full year adjusted EBITDA guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.67%
Tags
earnings
Rhea-AI Summary
APi Group Corporation (NYSE: APG) will release its Q3 2023 results on November 2, 2023. A conference call to discuss the financial results will be held at 8:30 a.m. ET on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.82%
Tags
earnings
APi Group Corporation

NYSE:APG

APG Rankings

APG Stock Data

9.69B
182.38M
12.83%
74.87%
2.04%
Water and Sewer Line and Related Structures Construction
Construction
Link
US
New Brighton

About APG

api group inc. is a multi-billion-dollar parent company to more than 40 independently managed life safety, energy, specialty construction and infrastructure companies in over 200 locations worldwide. api group combines the personal attention of small-to-medium sized construction companies with the strength of an industry leader to bring innovation to the construction industry. api group is one of the largest specialty contractors in north america, ranking fifth overall among engineering news-record (enr) 2017 top 600 specialty contractors. in addition, api group leads enr's top 600 specialty contractors list for the life safety industry, ranking number one for top 20 firms in fire protection and sprinklers. api group and its family of companies are committed to building great leaders™ throughout the entire organization. api group is dedicated to each and every employee’s development. each team member has the opportunity to be a leader, and while api group is small enough to offer a fam