Welcome to our dedicated page for APi Group Corporation news (Ticker: APG), a resource for investors and traders seeking the latest updates and insights on APi Group Corporation stock.
APi Group Corporation (symbol: APG) is a premier parent company overseeing more than 40 independently managed businesses across the life safety, energy, specialty construction, and infrastructure sectors. With operations in over 200 locations worldwide, APi Group offers the personalized service of small-to-medium sized construction companies combined with the robust capabilities of an industry leader, fostering innovation throughout the construction industry.
APi Group stands out as one of the largest specialty contractors in North America. In the Engineering News-Record (ENR) 2017 rankings, it secured the fifth position among the Top 600 Specialty Contractors. Notably, the company leads the top 20 firms in the fire protection and sprinkler category, emphasizing its commitment to life safety.
The company’s operations span two primary segments:
- Safety Services: Offering comprehensive safety solutions across North America, Asia Pacific, and Europe, APi Group focuses on integrated occupancy systems, including fire protection, Heating, Ventilation, and Air Conditioning (HVAC), and entry systems. These services encompass design, installation, inspection, and maintenance, catering to commercial, educational, healthcare, high-tech, industrial, and special-hazard environments.
- Specialty Services: Providing extensive infrastructure services and specialized industrial plant services, APi Group excels in the maintenance and repair of crucial infrastructure such as underground electric, gas, water, sewer, and telecommunications systems.
APi Group is dedicated to leadership development within its organization, fostering a culture where every employee has the potential to lead. The company's commitment to employee growth is a testament to its core values and vision for the future.
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%.
APi Group (NYSE: APG) has announced that it will release its financial results for the third quarter of 2024 on Thursday, October 31, 2024, before the market opens. The company will hold a webcast/dial-in conference call to discuss these results at 8:30 a.m. Eastern Time on the same day.
Participants in the call will include Russell A. Becker (President and CEO), Kevin S. Krumm (EVP and CFO), and James E. Lillie and Sir Martin E. Franklin (Co-Chairs). Investors can dial 800-715-9871 or 646-307-1963 with Conference ID 6614530 to listen to the call, or attend via webcast at the provided URL.
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 serves a strong base of long-standing customers across various industries.
APi Group (NYSE: APG), a global leader in business services, has announced its participation in two upcoming industry conferences. The company's senior leadership will engage in a fireside chat at the 2024 Jefferies Industrials Conference on September 5th at 10:25 a.m. ET, with a live webcast available on APi's website. Additionally, APi will participate in the 2024 RBC Global Industrials Conference on September 24th.
APi specializes in fire and life safety, security, elevator and escalator, and specialty services, boasting a substantial recurring revenue base and over 500 locations worldwide. The company serves a diverse, long-standing customer base across various industries, providing statutorily mandated and contracted services. APi prides itself on its entrepreneurial leadership culture and innovative solutions for customers.
APi Group (NYSE: APG) reported strong Q2 2024 financial results, with net revenues of $1.7 billion and continued double-digit inspection growth. The company achieved record Q2 net income of $69 million, up 44% year-over-year, and record Q2 adjusted EBITDA of $231 million, a 14% increase. Key highlights include:
- Gross margin improved by 340 basis points to 31.4%
- Adjusted EBITDA margin increased 190 basis points to a Q2 record of 13.4%
- Strong performance in Safety Services segment with 4.4% revenue growth
- Specialty Services segment saw revenue decline but improved margins
APi Group reaffirmed its full-year net revenue guidance of $7,150 to $7,350 million and narrowed its adjusted EBITDA range to $885 to $915 million. The company remains confident in achieving its 13% or more adjusted EBITDA margin target in 2025.
APi Group (NYSE: APG) has announced its plans to release financial results for Q2 2024 on August 1, 2024, before the market opens. The company will host a webcast/dial-in conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. Key participants in the call will include Russell A. Becker (President and CEO), Kevin S. Krumm (EVP and CFO), and James E. Lillie and Sir Martin E. Franklin (Co-Chairs).
APi Group is a global leader in business services, specializing in fire and life safety, security, elevator and escalator, and specialty services. The company boasts a strong recurring revenue base and operates in over 500 locations worldwide.
APi Group (NYSE: APG) has completed its acquisition of Elevated Facility Services Group for approximately $570 million. Elevated, based in Tampa, Florida, and operating in over 18 states, is expected to generate about $220 million in annual revenue with an adjusted EBITDA margin of 20%. This acquisition marks APi's entry into the $10+ billion U.S. elevator and escalator services market and is anticipated to boost the company’s financial profile.
APi has raised its full-year 2024 guidance, now expecting net revenues between $7,150 and $7,350 million, and adjusted EBITDA between $875 and $925 million. The company projects organic revenue growth of 5% to 9% in the second half of the year and expects to achieve record profitability. APi's acquisition strategy, supported by a strong balance sheet, aims to drive further growth in the fragmented market.
FAQ
What is the current stock price of APi Group Corporation (APG)?
What is the market cap of APi Group Corporation (APG)?
What does APi Group Corporation do?
In which segments does APi Group operate?
What services are offered under APi Group's Safety Services segment?
What industries does APi Group's Safety Services cater to?
What does APi Group’s Specialty Services segment include?
How large is APi Group in the specialty contracting industry?
What is APi Group's ranking in life safety services?
How does APi Group support its employees?
Where does APi Group provide its services?
What is the focus of APi Group's Safety Services segment?
