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 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.
APi Group Corporation (NYSE: APG) announced it will release its second quarter financial results for the period ending June 30, 2022, before market opening on August 4, 2022. A conference call is scheduled for the same day at 8:00 a.m. Eastern Time, featuring key executives including President and CEO Russ Becker. The call will be accessible via telephone or through a webcast. APi is recognized as a market leader in safety and specialty services, operating over 500 locations worldwide, and focuses on delivering innovative solutions to its established customer base.
APi Group Corporation (NYSE: APG) announced that CEO Russ Becker and CFO Kevin Krumm will participate in a fireside chat at the UBS Global Industrials and Transportation Conference on June 8, 2022, at 8:00 a.m. ET. A live webcast and archived replay will be available on their Investor Relations website. APi is a leading global business services provider focused on safety and specialty services across various industries, with over 500 locations worldwide and a strong customer base.
APi Group Corporation (NYSE: APG) reported robust Q1 2022 results, with net revenues soaring by 83% to $1.5 billion. Organic revenue growth was at 16%, bolstered by acquisitions in Safety Services. The reported gross margin climbed to 25.6%, up 302 basis points year-over-year, despite supply chain challenges. Adjusted diluted EPS increased to $0.23, reflecting strong operational performance. The company’s backlog reached a record high, indicating positive momentum moving forward. CEO Russ Becker expressed optimism about ongoing growth and integration of recent acquisitions.
APi Group Corporation (NYSE: APG) will release its first quarter financial results for the period ending March 31, 2022, on May 4, 2022, before market open. A conference call with key executives, including President Russ Becker and CFO Kevin Krumm, will take place at 8:00 a.m. ET on the same day to discuss these results. Investors can access the call via telephone or through a webcast. APi provides essential safety and specialty services globally, with a strong customer base across various industries.
APi Group Corporation (NYSE: APG) has authorized a stock repurchase program totaling $250 million to buy back its common stock. The program allows for various purchase methods, including open market repurchases and private transactions. President and CEO Russ Becker emphasized the company's strong free cash flow and capital allocation strategy, which supports organic growth and potential acquisitions. The repurchase program is set to expire on February 29, 2024, pending Board adjustments.