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Dec 31, 2024
APi Group Q4 2024 Earnings Report
APi Group reported strong results with record revenues, net income, and adjusted EBITDA growth.
Key Takeaways
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.
Record net revenues of $1.86 billion, up 5.8% year-over-year.
Adjusted EBITDA increased by 16.3% to $242 million.
Net income grew 168% year-over-year to $67 million.
Adjusted diluted EPS increased 15.9% to $0.51.
Revenue by Segment
Forward Guidance
APi Group expects strong performance in 2025 with revenue and EBITDA growth.
Positive Outlook
- Net revenues projected between $7.3 to $7.5 billion.
- Adjusted EBITDA expected between $970 to $1,020 million.
- Continued focus on inspection, service, and monitoring revenue growth.
- Strong balance sheet and financial flexibility.
- Focus on margin expansion to 13% or more.
Challenges Ahead
- Potential for project delays in Specialty Services segment.
- Continued inflationary pressures on input costs.
- Risk of rising interest expenses.
- Limited revenue growth in HVAC business.
- Impact of divestitures on revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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