APi Group Earnings Reports

APi Group achieved record results for Q4 2024, with net revenues of $1.86 billion and a 16.3% increase in adjusted EBITDA. Net income grew by 168% year-over-year to $67 million. Adjusted diluted EPS was $0.51, up 15.9% compared to the prior year period.

APi Group reported a 2.4% increase in net revenues to $1.8 billion, driven by growth in the Safety Services segment, with a record net income of $69 million, a 28% year-over-year increase. The company's adjusted EBITDA reached a record $245 million, representing a 9% increase year-over-year, and increased the 2024 conversion target to 75%+

APi Group reported a slight decrease in net revenues but achieved record second quarter net income, adjusted EBITDA, and free cash flow generation. The company reaffirms full year net revenue guidance and narrows full year adjusted EBITDA range.

APi Group reported a solid start to 2024, with continued progress on margin expansion initiatives, aiming for a 13% or more adjusted EBITDA margin in 2025. The company completed the Series B transaction and announced an agreement to acquire Elevated Facility Services Group, focusing on delivering the 2024 plan and long-term targets.

APi Group reported a 3.3% increase in net revenues and a 13.7% increase in adjusted EBITDA for Q4 2023. The company's performance was driven by service growth across both segments and margin expansion. They also announced a $1 Billion Share Repurchase Program.

APi Group reported a 2.8% increase in net revenues, a 93% increase in net income, and an adjusted EBITDA of $224 million for Q3 2023. The company is raising the bottom end of its full year adjusted EBITDA guidance.

APi Group reported record second quarter 2023 financial results with net revenues of $1.8 billion, representing growth of 7.4% and organic net revenue growth of 7.6%. Net income was $48 million and adjusted EBITDA was $203 million, representing year-over-year adjusted EBITDA margin expansion of 80 basis points. The company is raising full year guidance for both net revenues and adjusted EBITDA.

APi Group reported a strong start to 2023 with record first-quarter results, including a 9.7% increase in net revenue and a 12.1% organic net revenue growth. The company's adjusted EBITDA increased by 14.8%, with a margin expansion of 40 basis points. Due to the strong performance, APi Group is raising its full-year guidance for net revenues and adjusted EBITDA..

APi Group reported a strong fourth quarter with net revenues increasing by 53.1% to $1.7 billion, driven by acquisitions and organic growth in Safety Services. Net income was $22 million, and adjusted EBITDA increased by 59.1% to $183 million.

APi Group reported a strong third quarter with record net revenues of $1.7 billion, a 66% increase compared to the prior year. Organic net revenue growth was 16%. The company reported net income of $28 million and adjusted net income of $99 million. Adjusted EBITDA increased by 48.8% to $186 million.

APi Group reported strong results for the second quarter of 2022, including record net revenues of $1.6 billion, a 69% increase compared to the prior year period. Net revenues increased on an organic basis by 12%. The company also reported record adjusted EBITDA of $176 million and record adjusted diluted earnings per share of $0.37.

APi Group reported an 83% increase in net revenues to $1.5 billion, driven by acquisitions in Safety Services and strong organic growth. Adjusted EBITDA increased by 109.8% to $128 million, with an adjusted EBITDA margin of 8.7%. The company's backlog reached a record high, providing a solid foundation for continued growth.

APi Group reported strong Q4 2021 financial results, with a 26% increase in net revenues and a 27% increase in organic net revenues, excluding Industrial Services. The company's gross margin also expanded by 219 basis points. Adjusted diluted EPS was $0.29.

APi Group reported a 9.3% increase in net revenues to $1.0 billion, driven by growth in Safety and Specialty Services. Organic net revenue growth was 13.4%, excluding Industrial Services. Adjusted EBITDA was $125 million with a margin of 11.9%.

APi Group reported a 10% increase in net revenues to $978 million in Q2 2021, driven by market recoveries in Safety and Specialty Services. Adjusted EPS was $0.31. The company is set to acquire Chubb fire and security business around year-end 2021, anticipating significant future value creation.

APi Group reported a decrease in net revenues but an expansion in both reported and adjusted gross margins. The company's strategic focus on improving mix and disciplined project selection contributed to these results. They ended the quarter with a strong cash balance and maintain a low net debt to adjusted EBITDA ratio.

APi Group reported a decrease in net revenues for Q4 2020, primarily due to COVID-19 impacts and divestitures. However, the company saw improvements in gross margin and a significant reduction in operating and net losses. Adjusted EBITDA remained relatively consistent with the prior year.

APi Group reported a decline in net revenues for Q3 2020, primarily driven by divestitures and COVID-19 impacts. However, the company saw increases in gross margin, operating income, and net income. The company is raising guidance for 2020 adjusted net revenues, adjusted EBITDA, and adjusted EPS.

APi Group reported a decrease in net revenues due to COVID-19 impacts, but demonstrated resilience with adjusted gross margin expansion and strong operating cash flow. The company is establishing adjusted EPS guidance for 2020.

APi Group's first quarter 2020 results showed a reported net revenue of $858 million, with an adjusted net revenue of $820 million. The company experienced reported gross margin increase of 120 basis points and an adjusted EBITDA increase of 42 basis points. A reported net loss of $194 million was largely driven by a $208 million goodwill impairment charge.