APi Group Corporation
34.46+0.15 (+0.44%)
Oct 29, 4:00:02 PM EDT · NYSE · APG · USD
Key Stats
Market Cap
14.33BP/E (TTM)
95.72Basic EPS (TTM)
0.36Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
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.
8-K
APi boosts Q2 results, raises outlook
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.
8-K
APi Group Corporation has entered into Amendment No. 8 to its Credit Agreement, refinancing and increasing its revolving credit commitments from $500 million to $750 million. This upsizing provides additional liquidity and extends the maturity date to May 20, 2030, supporting the company's ongoing operations and strategic initiatives.
APi Group Corporation refinanced and upsized its revolving credit facility to $750 million through Amendment No. 8, extending the maturity to May 20, 2030, with reduced interest margins and fees. The amendment also adjusted the leverage-based pricing grid for the facility, maintaining key covenants while enhancing financial flexibility for the company.
8-K
APi sets bold 2028 targets
APi Group unveiled its 10/16/60+ framework at Investor Day, targeting $10 billion+ in net revenues and 16%+ adjusted EBITDA margin by 2028, fueled by mid-single-digit organic growth and 60%+ from inspection, service, and monitoring. The board approved a three-for-two stock split via dividend, payable June 30, 2025, to record holders on June 16, boosting shares to about 415 million. This signals strong momentum. Yet, execution hinges on sustained organic growth and M&A.
8-K
APi doubles authorized shares
APi Group shareholders approved an amendment to the certificate of incorporation at the May 16, 2025 annual meeting, doubling authorized common shares from 500 million to 1 billion. The change, effective immediately upon Delaware filing, provides flexibility for future capital needs. All director nominees were elected, KPMG's appointment ratified, and executive pay endorsed with 97.22% support. Yet, Cyrus Walker and Carrie Wheeler faced notable opposition.
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