Api Group Corp Stock Price, News & Analysis

APi Group Corporation (NYSE: APG) announced plans to release its first quarter results for the period ending March 31, 2023, prior to market opening on May 4, 2023. The company will host a conference call at 8:30 a.m. ET the same day, featuring CEO Russell A. Becker, CFO Kevin S. Krumm, and Co-Chairs James E. Lillie and Sir Martin E. Franklin. Participants can listen via telephone at 800-343-4136 or through a live webcast. APi Group, established in 1926, has grown to generate approximately $6.6 billion in revenue, employing around 27,000 team members across 20 countries. The company focuses on life safety and specialty services, aiming to enhance shareholder value through diversified, recurring revenue streams.

APi Group Corporation (NYSE: APG) announced its participation in a fireside chat at the J.P. Morgan Industrials Conference on March 14, 2023, at 3:40 p.m. ET. The event will feature senior leadership and provide insights into the company's operations. Presentation materials and a live webcast link will be available on APi's Investor Relations page. APi is a global provider of life safety, security, and specialty services, with a robust recurring revenue base and over 500 locations worldwide. The company maintains a strong customer base across various industries.

APi Group Corporation (NYSE: APG) reported strong financial results for Q4 and the full year ended December 31, 2022. Net revenues increased by 53.1% in Q4 and 66.4% for the year, reaching $1.7 billion and $6.6 billion, respectively. Organic growth accounted for 5.8% in Q4 and 12.2% for the year. The diluted EPS was $0.04 for Q4 and $0.10 for the year. Net income rose to $22 million in Q4 and $73 million for the full year. The company's debt to adjusted EBITDA ratio improved to 3.1x by the end of Q4. APi’s management expressed confidence moving into 2023, citing a strong backlog and positive growth prospects.

APi Group Corporation (NYSE: APG) has released preliminary results for 2022, indicating that net revenues and adjusted EBITDA will be at the higher end of prior guidance. The Company reported a strong free cash flow, reducing its Term Loan debt by $200 million. For 2023, APG projects net revenues between $6,800 and $6,950 million, with adjusted EBITDA expected between $735 and $775 million. The outlook includes a target of achieving a 13%+ adjusted EBITDA margin by 2025, supported by a robust backlog and the implementation of a global inspection sales force strategy.

APi Group Corporation (NYSE: APG) plans to release its fourth quarter and full year financial results for the year ended December 31, 2022, before the market opens on February 28, 2023. In January, the Company made a $200 million payment on its Term Loan debt, with equal amounts allocated to its 2019 and 2021 Term Loans. CEO Russ Becker emphasized the importance of this paydown in reducing leverage and enhancing cash generation, aiming for a target net leverage ratio of 2.0 to 2.5x. A conference call to discuss financial results is scheduled for the same day at 8:30 a.m. Eastern Time.

APi Group Corporation (NYSE: APG) is hosting an investor update meeting today at 9:00 a.m. ET, where it is anticipated to raise its value capture target from $40 million to at least $80 million, following the acquisition of Chubb. This strategic shift suggests significant growth potential and optimizes the company's financial targets. Attendees can access the live presentation and materials on APi's website post-event, providing insights into the company's performance and future direction.

APi Group (APG) reported a record net revenue of $1.7 billion for Q3 2022, reflecting a 66% increase year-over-year. Adjusted EBITDA rose 48.8% to $186 million, driven by acquisitions and organic growth in Safety Services. The company achieved an adjusted EPS of $0.37 and net income of $99 million. Operating cash flow also improved, totaling $146 million. Despite inflationary pressures impacting margins, APi remains confident in its growth strategy, targeting a 13% EBITDA margin by 2025 and maintaining strong free cash flow.

APi Group Corporation (NYSE: APG) will release its third quarter financial results on November 3, 2022, prior to market opening. A conference call at 8:30 a.m. Eastern Time will discuss these results. The call will feature CEO Russell A. Becker and CFO Kevin S. Krumm. An investor update is scheduled for November 17, 2022, where APi will discuss the integration of Chubb, cost-efficiency efforts, and future growth initiatives. This meeting will also include insights on earnings and cash flow projections.

APi Group Corporation (NYSE: APG) reported a record second quarter with net revenues of $1.6 billion, a 69% increase year-over-year. Organic growth contributed 12% to revenue, primarily from Safety Services. Adjusted EBITDA rose 66% to $176 million, reflecting strong operational performance despite inflation and supply chain disruptions. The adjusted diluted EPS reached $0.37, up $0.08 from the prior year. First-half revenues increased 75% to $3.1 billion as APi continues to focus on growing inspection and service revenue amidst a volatile macro environment.