Api Group Corp Stock Price, News & Analysis

APi Group (NYSE: APG) has announced an Investor Day scheduled for May 21, 2025, in New York City, with details to be shared in the coming months. The company has reaffirmed its 2024 guidance previously announced on October 31, 2024. Through Q3, APi achieved record net revenues, adjusted EBITDA margin, and free cash flow generation. The company expects to finish 2024 with a net leverage ratio well below their 2.5x target. Looking ahead to 2025, APi reports a robust M&A pipeline, healthy backlog, and anticipates reaching their 13% plus adjusted EBITDA margin target by year-end 2025. New financial targets and strategic plans will be presented at the upcoming Investor Day.

APi Group (NYSE: APG) has announced its participation in the UBS Global Industrials and Transportation Conference, where senior leadership will engage in a fireside chat on Wednesday, December 4th at 9:40 a.m. ET. The event will be accessible via live webcast and archived replay on the company's investor relations website. APi Group is a global business services provider specializing in fire and life safety, security, elevator and escalator, and specialty services, operating in over 500 locations worldwide with a focus on recurring revenue from long-standing customers.

APi Group (NYSE: APG) announced that CFO Kevin Krumm will step down on December 13, 2024. David Jackola, current CFO and VP of Transformation at APi International, will serve as interim CFO. Jackola previously held the position of VP, Controller and Chief Accounting Officer at APi Group. The company has initiated a search for a permanent successor and reaffirmed its 2024 financial guidance provided on October 31, 2024. Under Jackola's leadership at APi International, he has contributed to the company's strategy focusing on organic revenue growth, margin expansion, and strategic M&A.

Building Industry Partners (BIP) has announced the sale of Endeavor Fire Protection to APi Group (NYSE: APG). During BIP's two-year ownership, Endeavor expanded from three to eight locations across fourteen states, growing its workforce to nearly 300 team members. The company achieved significant growth with revenues increasing more than 2x and profitability rising 3.5x through organic initiatives and strategic acquisitions. The sale marks BIP's first exit under its broad-based employee ownership program, allowing Endeavor employees to share in the transaction's success.

APi Group (NYSE: APG) reported strong Q3 2024 financial results with net revenues of $1.8 billion, up 2.4% year-over-year. The company achieved record third quarter performance with net income of $69 million (28% growth) and adjusted EBITDA of $245 million (9.4% growth). Safety Services segment showed robust growth with 9.7% revenue increase, while Specialty Services experienced a 13.4% decline. The company revised its 2024 guidance, projecting net revenues of approximately $7 billion and adjusted EBITDA of $890-900 million, with free cash flow conversion expected above 75%.

APi Group (NYSE: APG) has announced that it will release its financial results for the third quarter of 2024 on Thursday, October 31, 2024, before the market opens. The company will hold a webcast/dial-in conference call to discuss these results at 8:30 a.m. Eastern Time on the same day.

Participants in the call will include Russell A. Becker (President and CEO), Kevin S. Krumm (EVP and CFO), and James E. Lillie and Sir Martin E. Franklin (Co-Chairs). Investors can dial 800-715-9871 or 646-307-1963 with Conference ID 6614530 to listen to the call, or attend via webcast at the provided URL.

APi Group is a global business services provider specializing in fire and life safety, security, elevator and escalator, and specialty services. The company operates in over 500 locations worldwide and serves a strong base of long-standing customers across various industries.

APi Group (NYSE: APG), a global leader in business services, has announced its participation in two upcoming industry conferences. The company's senior leadership will engage in a fireside chat at the 2024 Jefferies Industrials Conference on September 5th at 10:25 a.m. ET, with a live webcast available on APi's website. Additionally, APi will participate in the 2024 RBC Global Industrials Conference on September 24th.

APi specializes in fire and life safety, security, elevator and escalator, and specialty services, boasting a substantial recurring revenue base and over 500 locations worldwide. The company serves a diverse, long-standing customer base across various industries, providing statutorily mandated and contracted services. APi prides itself on its entrepreneurial leadership culture and innovative solutions for customers.

APi Group (NYSE: APG) reported strong Q2 2024 financial results, with net revenues of $1.7 billion and continued double-digit inspection growth. The company achieved record Q2 net income of $69 million, up 44% year-over-year, and record Q2 adjusted EBITDA of $231 million, a 14% increase. Key highlights include:

- Gross margin improved by 340 basis points to 31.4%
- Adjusted EBITDA margin increased 190 basis points to a Q2 record of 13.4%
- Strong performance in Safety Services segment with 4.4% revenue growth
- Specialty Services segment saw revenue decline but improved margins

APi Group reaffirmed its full-year net revenue guidance of $7,150 to $7,350 million and narrowed its adjusted EBITDA range to $885 to $915 million. The company remains confident in achieving its 13% or more adjusted EBITDA margin target in 2025.

APi Group (NYSE: APG) has announced its plans to release financial results for Q2 2024 on August 1, 2024, before the market opens. The company will host a webcast/dial-in conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. Key participants in the call will include Russell A. Becker (President and CEO), Kevin S. Krumm (EVP and CFO), and James E. Lillie and Sir Martin E. Franklin (Co-Chairs).

APi Group is a global leader in business services, specializing in fire and life safety, security, elevator and escalator, and specialty services. The company boasts a strong recurring revenue base and operates in over 500 locations worldwide.