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.
Overview of APi Group Corp
APi Group Corp (APG) is an expansive, multi-segment specialty contractor with a robust presence in the construction, life safety, and infrastructure services industries. Combining the tailored approach of small‐to‐medium sized companies with the operational strength of a large industry player, APi Group Corp is renowned for its comprehensive integrated systems and specialized infrastructure solutions. The company employs advanced fire protection systems, HVAC installations, entry and occupancy systems, and specialized maintenance services to address the critical needs of commercial, educational, healthcare, high-tech, industrial, and special-hazard environments. Employing integrated safety, technological innovation, and precise engineering, APi Group Corp delivers dependable outcomes for complex construction and maintenance challenges.
Core Business Segments
Safety Services Segment: This sector focuses on delivering an end-to-end suite of integrated occupancy systems that include design, installation, inspection, and ongoing service. The segment is dedicated to protecting properties and lives through sophisticated fire protection solutions, state-of-the-art HVAC systems, and secure entry solutions. Operating in diverse market segments such as commercial premises, education centers, healthcare facilities, and high-tech industrial settings, APi Group Corp ensures robust and compliant safety systems that adhere to rigorous standards.
Specialty Services Segment: The company extends its expertise into the realm of infrastructure by providing specialized services that maintain and repair vital utilities. This includes comprehensive care for underground electric, gas, water, sewer, and telecommunications infrastructures. These essential services support the lifelines of urban and industrial environments, ensuring continuity and safety in operations and public services.
Operational Excellence and Market Position
APi Group Corp has structured its business operations to integrate a hands-on approach with wide-ranging industry expertise. With a network that spans over 200 locations worldwide, the company leverages its decentralized management model to offer personalized service while benefiting from the collective strength and efficiencies of a large organization. This unique operational framework fosters innovation and excellence in both specialized construction and critical infrastructure maintenance.
Industry Expertise and Business Model
At its core, APi Group Corp is committed to delivering safety and infrastructure solutions that are both comprehensive and tailored to highly regulated and technical environments. The company remains focused on areas where complex safety regulations and infrastructure challenges come together, employing advanced technological methodologies and precise engineering practices. APi Group Corp underscores its authority in the market by emphasizing systematic attention to detail and a deep understanding of industry standards and client expectations.
Competitive Landscape
Operating in a competitive industry, APi Group Corp differentiates itself through its dual-focused approach and breadth of expertise. With an emphasis on high-quality workmanship and integrated solutions, the company stands out by offering both specialized safety systems and extensive infrastructure maintenance services, addressing a wide range of customer needs. This integrated methodology not only enhances operational efficiency but also reinforces its reputation as a trusted and impactful provider in the specialty contracting sector.
Organizational Strength and Commitment to Leadership
The company is also committed to leadership development within its ranks. Through a focus on employee empowerment and continuous professional growth, every team member is encouraged to contribute to the company's innovative approaches and operational excellence. This commitment to cultivating leadership at all levels further solidifies its market reputation and reinforces its ability to deliver reliable, expertly managed services across its operating segments.
Overall, APi Group Corp serves as a multi-dimensional entity that combines in-depth industry expertise with a flexible, responsive business model. The company’s ability to merge traditional construction practices with modern innovations in safety and infrastructure maintenance makes it a distinctive entity in its field, offering a comprehensive perspective on solving complex construction and utility challenges.
APi Group (NYSE: APG) has appointed David Jackola as Executive Vice President & Chief Financial Officer, effective immediately. Jackola, who has been with APi since October 2021, was serving as Interim CFO since December 2024 before this permanent appointment.
Jackola brings over 20 years of global finance experience, having previously served as CFO and VP of Transformation at APi International, and VP, Controller and Chief Accounting Officer at APi. His prior experience includes senior finance roles at James Hardie Building Products and Ecolab.
The appointment comes as APi prepares for its Investor Day on May 21 in New York, where Jackola will join CEO Russ Becker to discuss the company's positive momentum and present updated long-term strategic objectives.
APi Group (NYSE: APG) has announced its participation in the upcoming 2025 J.P. Morgan Industrials Conference. The company's senior leadership will conduct a fireside chat on Wednesday, March 12th at 10:30 a.m. ET.
APi Group is a global business services provider specializing in fire and life safety, security, elevator and escalator, and specialty services. The company operates in over 500 locations worldwide and maintains a substantial recurring revenue base through statutorily mandated and contracted services to long-standing customers across various industries.
APi Group (NYSE: APG) reported strong Q4 2024 financial results with record net revenues of $1.9 billion, up 5.8% year-over-year. The company achieved record Q4 net income of $67 million, a 168% increase, and record adjusted EBITDA of $242 million, up 16.3%.
The Safety Services segment showed 13% revenue growth, while Specialty Services saw an 11.8% decline. The company maintained a strong balance sheet with a net leverage ratio of 2.2x and achieved 75% adjusted free cash flow conversion.
For 2025 guidance, APi expects net revenues of $7,300-7,500 million and adjusted EBITDA of $970-1,020 million. Q1 2025 guidance projects net revenues of $1,625-1,675 million and adjusted EBITDA of $185-195 million.
APi Group (NYSE: APG) provided updates on its 2024 performance and 2025 guidance. The company expects 2024 net revenues to exceed their previous guidance of $7,000 million, with adjusted EBITDA aligning with the guided range of $890-900 million, despite U.S. dollar strengthening impacts. Their year-end net leverage ratio is expected to be below the 2.5x target.
For 2025, APi projects net revenues between $7,300-7,500 million and adjusted EBITDA of $970-1,020 million, targeting a 13.4% EBITDA margin. The company also announced a successful Term Loan repricing, reducing the applicable margin by 25 basis points, resulting in approximately $5 million annual cash savings. Additionally, APi repaid $100 million of its Term Loan, leaving $2,157 million outstanding.
APi Group (NYSE: APG) has announced it will release its Q4 and full-year 2024 financial results before market opening on February 26, 2025. The company will host an earnings conference call at 8:30 a.m. ET on the same day, featuring presentations from President and CEO Russell A. Becker, Interim CFO David Jackola, and Co-Chairs James E. Lillie and Sir Martin E. Franklin.
Additionally, APi's senior leadership will participate in two upcoming investor conferences: the Citi 2025 Global Industrial Tech and Mobility Conference on February 19, 2024, and the Barclays 2025 Industrial Select Conference on February 20, 2024. Both presentations will be available via webcast on the company's investor relations website.
APi Group (NYSE: APG) has announced an Investor Day scheduled for May 21, 2025, in New York City, with details to be shared in the coming months. The company has reaffirmed its 2024 guidance previously announced on October 31, 2024. Through Q3, APi achieved record net revenues, adjusted EBITDA margin, and free cash flow generation. The company expects to finish 2024 with a net leverage ratio well below their 2.5x target. Looking ahead to 2025, APi reports a robust M&A pipeline, healthy backlog, and anticipates reaching their 13% plus adjusted EBITDA margin target by year-end 2025. New financial targets and strategic plans will be presented at the upcoming Investor Day.
APi Group (NYSE: APG) has announced its participation in the UBS Global Industrials and Transportation Conference, where senior leadership will engage in a fireside chat on Wednesday, December 4th at 9:40 a.m. ET. The event will be accessible via live webcast and archived replay on the company's investor relations website. APi Group is a global business services provider specializing in fire and life safety, security, elevator and escalator, and specialty services, operating in over 500 locations worldwide with a focus on recurring revenue from long-standing customers.
APi Group (NYSE: APG) announced that CFO Kevin Krumm will step down on December 13, 2024. David Jackola, current CFO and VP of Transformation at APi International, will serve as interim CFO. Jackola previously held the position of VP, Controller and Chief Accounting Officer at APi Group. The company has initiated a search for a permanent successor and reaffirmed its 2024 financial guidance provided on October 31, 2024. Under Jackola's leadership at APi International, he has contributed to the company's strategy focusing on organic revenue growth, margin expansion, and strategic M&A.
Building Industry Partners (BIP) has announced the sale of Endeavor Fire Protection to APi Group (NYSE: APG). During BIP's two-year ownership, Endeavor expanded from three to eight locations across fourteen states, growing its workforce to nearly 300 team members. The company achieved significant growth with revenues increasing more than 2x and profitability rising 3.5x through organic initiatives and strategic acquisitions. The sale marks BIP's first exit under its broad-based employee ownership program, allowing Endeavor employees to share in the transaction's success.
APi Group (NYSE: APG) reported strong Q3 2024 financial results with net revenues of $1.8 billion, up 2.4% year-over-year. The company achieved record third quarter performance with net income of $69 million (28% growth) and adjusted EBITDA of $245 million (9.4% growth). Safety Services segment showed robust growth with 9.7% revenue increase, while Specialty Services experienced a 13.4% decline. The company revised its 2024 guidance, projecting net revenues of approximately $7 billion and adjusted EBITDA of $890-900 million, with free cash flow conversion expected above 75%.
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