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.
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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