Welcome to our dedicated page for Api Group news (Ticker: APG), a resource for investors and traders seeking the latest updates and insights on Api Group stock.
APi Group Corporation (NYSE: APG) is a global business services provider focused on fire and life safety, security, elevator and escalator, and specialty services, and its news flow reflects this mix. Company updates frequently highlight developments in its Safety Services and Specialty Services segments, recurring inspection and service activities, and capital allocation decisions.
News about APi often centers on financial results and guidance. The company regularly issues quarterly earnings releases that discuss net revenues, segment performance, adjusted EBITDA, and organic net revenue growth, as well as updates to full-year outlooks. These releases also describe trends in recurring inspection, service, and monitoring revenues, project activity, and margin dynamics across Safety Services and Specialty Services.
Another key theme in APi’s news is acquisition and growth activity. The company has announced agreements such as the planned acquisition of CertaSite, an inspection-first provider of fire and life safety services in the Midwest region, which APi describes as aligned with its inspection-first strategy and recurring revenue focus. News items may also reference bolt-on acquisitions and the role of M&A in supporting APi’s long-term financial framework.
Investors following APG news will also see capital markets and shareholder-related announcements, including information on stock splits, stock dividends related to preferred shares, and responses to unsolicited mini-tender offers. In addition, APi issues releases about participation in investor conferences and the timing of upcoming earnings calls, providing access details for webcasts and replays.
This news page aggregates these types of updates so readers can review earnings releases, acquisition announcements, conference participation notices, and other corporate communications related to APi Group Corporation in one place.
APi Group (NYSE: APG) provided updates on its 2024 performance and 2025 guidance. The company expects 2024 net revenues to exceed their previous guidance of $7,000 million, with adjusted EBITDA aligning with the guided range of $890-900 million, despite U.S. dollar strengthening impacts. Their year-end net leverage ratio is expected to be below the 2.5x target.
For 2025, APi projects net revenues between $7,300-7,500 million and adjusted EBITDA of $970-1,020 million, targeting a 13.4% EBITDA margin. The company also announced a successful Term Loan repricing, reducing the applicable margin by 25 basis points, resulting in approximately $5 million annual cash savings. Additionally, APi repaid $100 million of its Term Loan, leaving $2,157 million outstanding.
APi Group (NYSE: APG) has announced it will release its Q4 and full-year 2024 financial results before market opening on February 26, 2025. The company will host an earnings conference call at 8:30 a.m. ET on the same day, featuring presentations from President and CEO Russell A. Becker, Interim CFO David Jackola, and Co-Chairs James E. Lillie and Sir Martin E. Franklin.
Additionally, APi's senior leadership will participate in two upcoming investor conferences: the Citi 2025 Global Industrial Tech and Mobility Conference on February 19, 2024, and the Barclays 2025 Industrial Select Conference on February 20, 2024. Both presentations will be available via webcast on the company's investor relations website.
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.