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) reported a 26% increase in net revenues for Q4 2021, reaching $1.1 billion, driven primarily by growth in Safety and Specialty Services and acquisitions. Gross margin expanded 219 basis points to 24.6%. For the full year, net revenues rose 9.8% to $3.9 billion. Reported net income was $15 million, a notable recovery from a prior loss. Looking ahead, APi aims for a 3-year growth plan targeting an EBITDA margin of 13%+ by 2025, leveraging a growing backlog and strong demand in key markets.
APi Group Corporation (NYSE: APG) has provided preliminary year-end 2021 results and initial guidance for 2022, expecting net revenues to elevate to between
Carrier Global Corporation (NYSE: CARR) has finalized the sale of its Chubb fire and security business to APi Group Corporation (NYSE: APG) for an enterprise value of $3.1 billion. This strategic sale allows Carrier to concentrate on its core operations and utilize the proceeds for growth initiatives, dividends, and share buybacks while maintaining a strong credit rating. The Chubb fire and security products business remains part of Carrier's portfolio. Carrier's CEO highlighted that the sale enhances growth, margin, and free cash flow.
APi Group Corporation (NYSE: APG) has successfully completed the acquisition of Chubb's fire and security business from Carrier Global Corporation (NYSE: CARR) for an enterprise value of $3.1 billion. This strategic move aims to enhance APi's position as a global leader in life safety services, with a focus on recurring revenue. Chubb, employing approximately 13,000 globally, operates in 17 countries, serving over 1.5 million customer sites. The acquisition is expected to drive revenue growth through cross-selling opportunities and synergies.
APi Group Corporation (NYSE: APG) updated its 2021 financial guidance, now expecting net revenues of at least
APi Group Corporation (NYSE: APG) reported strong financial results for Q3 2021, with net revenues of $1 billion, a 9.3% increase year-over-year. Organic growth was particularly robust, reaching 13.4%, bolstered by Safety and Specialty Services. Adjusted EBITDA was $125 million, reflecting a slight decline in margin to 11.9% due to supply chain issues. The company is on track to close its acquisition of Chubb fire and security around year-end 2021. Net income was $19 million, down from $27 million in the prior year, largely due to increased share count. Overall, APG is well-positioned for future growth.
APi Group Corporation (NYSE: APG) has announced its intent to release third quarter 2021 financial results on November 10, 2021. Due to a recent public offering of 22,716,049 shares, the expected diluted weighted average shares for Q3 is approximately 210 million. The company anticipates net revenues will meet the higher end of analysts' expectations for the period ending September 30, 2021. A conference call will follow the earnings release to discuss results.
APi Group Corporation (NYSE: APG) has completed a private offering of $300 million in 4.750% Senior Notes due 2029 through its subsidiary APi Escrow Corp. The proceeds will be used for the upcoming acquisition of Chubb Limited, which is expected to close by year-end 2021. The funds are placed in an escrow account until conditions are met. If not met by October 27, 2022, the funds will be used to redeem the Notes. The offering is aimed at qualified institutional buyers and has not been registered under the Securities Act.
APi Group Corporation (NYSE: APG) announced a private offering of $300 million in 4.750% Senior Notes due 2029. The offering is set to close on October 21, 2021, and proceeds will partially fund the acquisition of Chubb Limited, expected to close by year-end 2021. Funds will be held in escrow until acquisition conditions are met, after which the Notes will be merged with a subsidiary, APi Group DE, Inc. There is no guarantee that the offering will be completed on its specified terms.
APi Group Corporation (NYSE: APG) announced its subsidiary, APi Escrow Corp., plans to offer $300 million in Senior Notes due 2029 in a private offering. The net proceeds will help finance the acquisition of Chubb Limited, expected to close around year-end 2021. If the acquisition does not close by October 27, 2022, the notes will be redeemed at a special mandatory redemption price. The offering is aimed at qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.