APG Research | Milton Maxwell

APG

APi Group Corporation

39.19

-0.12-0.31%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

16.30B

P/E (TTM)

108.86

Basic EPS (TTM)

0.36

Dividend Yield

Recent Filings

8-K

12/10/25Dec 10, 2025

8-K

10/30/25Oct 30, 2025

10-Q

10/30/25Oct 30, 2025

8-K

APi boosts Q2 results, raises outlook

7/31/25Jul 31, 2025

APi Group reported record Q2 2025 net revenues of $1.99 billion, up 15.0% year-over-year with 8.3% organic growth, fueled by acquisitions and strong project and service demand. Adjusted EBITDA hit $272 million, a 17.7% rise, with margins expanding 30 basis points to 13.7%, though Specialty Services margins dipped due to project mix and costs. The company raised full-year guidance to $7.65-$7.85 billion in revenues and $1.005-$1.045 billion in adjusted EBITDA. Momentum builds, yet integration risks linger.

10-Q

Q2 FY2025 results

7/31/25Jul 31, 2025

APi Group posted solid Q2 results, with net revenues climbing 15.0% year-over-year to $1,990 million, fueled by acquisitions, pricing gains, and robust growth in inspection, service, and monitoring across its Safety Services segment, which hit $1,362 million (up 15.8%). Gross margin dipped slightly to 30.9% amid project mix shifts, yet operating income rose 13.5% to $143 million, lifting diluted EPS to $0.16 from $0.15; year-to-date, revenues grew 11.3% to $3,709 million while EPS held steady at $0.24. Cash from operations strengthened to $145 million for the half, supporting $111 million in tuck-in buys that added $81 million in goodwill, with total debt steady at $2,756 million and $744 million revolver availability. Free cash flow reached $106 million (derived) after $39 million capex. Acquisitions keep expanding the platform, but labor shortages could crimp timely project delivery.

About

APi Group Corporation provides safety and specialty services worldwide. The company offers end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, elevators, and escalators, including design, installation, inspection, and service of these integrated systems. It also provides various infrastructure and specialized industrial plant services comprising maintenance and repair of underground electric, gas, water, sewer, and telecommunications infrastructure; engineering and design, fabrication, installation, maintenance service and repair, retrofitting and upgrading, pipeline infrastructure, access and road construction, supporting facilities, and integrity management and maintenance. The company serves commercial, education, healthcare, high tech, industrial, and special-hazard settings, as well as private and public utilities, communications, healthcare, education, transportation, manufacturing, industrial plants and governmental agencies. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in October 2019. APi Group Corporation was founded in 1926 and is headquartered in New Brighton, Minnesota.

CEO

Mr. Russell A. Becker

IPO

4/29/2020

Website

https://www.apigroupinc.com

Employees

29,000

Sector

Industrials

Industry

Engineering & Construction