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APi Group Announces May 2025 Investor Update Meeting and Reiterates FY 2024 Guidance

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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) ha annunciato una Giornata per Investitori in programma per il 21 maggio 2025, a New York City, con dettagli che saranno condivisi nei prossimi mesi. L'azienda ha confermato le stime per il 2024 precedentemente annunciate il 31 ottobre 2024. Fino al terzo trimestre, APi ha raggiunto ricavi netti record, un margine EBITDA rettificato e una generazione di flusso di cassa libero. L'azienda prevede di chiudere il 2024 con un rapporto di leva netta ben al di sotto del target di 2,5x. Guardando al 2025, APi riporta un robusto portafoglio di fusioni e acquisizioni, un backlog sano e si aspetta di raggiungere il loro obiettivo di margine EBITDA rettificato superiore al 13% entro la fine del 2025. Nuovi obiettivi finanziari e piani strategici saranno presentati alla prossima Giornata per Investitori.

APi Group (NYSE: APG) ha anunciado un Día del Inversor programado para el 21 de mayo de 2025, en Nueva York, con detalles que se compartirán en los próximos meses. La compañía ha reafirmado su guía para 2024 previamente anunciada el 31 de octubre de 2024. A lo largo del tercer trimestre, APi ha logrado ingresos netos récord, un margen EBITDA ajustado y generación de flujo de caja libre. La empresa espera finalizar 2024 con un ratio de apalancamiento neto muy por debajo de su objetivo de 2,5x. Mirando hacia 2025, APi informa sobre un sólido pipeline de fusiones y adquisiciones, un backlog saludable y anticipa alcanzar su objetivo de margen EBITDA ajustado superior al 13% para finales de 2025. Nuevos objetivos financieros y planes estratégicos se presentarán en el próximo Día del Inversor.

APi 그룹 (NYSE: APG)는 2025년 5월 21일 뉴욕시에서 예정된 투자자 데이에 대해 발표하였으며, 세부 사항은 향후 몇 달 동안 공유될 예정입니다. 이 회사는 2024년 10월 31일에 이전에 발표된 2024년 가이던스를 재확인했습니다. 3분기까지 APi는 기록적인 순수익, 조정된 EBITDA 마진 및 자유 현금 흐름 생성을 달성했습니다. 이 회사는 2024년을 2.5배 목표보다 훨씬 낮은 순 레버리지 비율로 마감할 것으로 예상하고 있습니다. 2025년을 바라보며 APi는 견고한 인수합병 파이프라인과 건전한 백로그를 가지고 있으며, 2025년 연말까지 13% 이상의 조정 EBITDA 마진 목표를 달성할 것으로 예상합니다. 새로운 재무 목표 및 전략 계획은 다가오는 투자자 데이에서 발표될 예정입니다.

APi Group (NYSE: APG) a annoncé un Jour des Investisseurs prévu pour le 21 mai 2025, à New York, avec des détails qui seront partagés dans les mois à venir. La société a réaffirmé ses prévisions pour 2024 annoncées précédemment le 31 octobre 2024. D'ici le troisième trimestre, APi a atteint des revenus nets records, une marge EBITDA ajustée et une génération de flux de trésorerie libre. L'entreprise s'attend à terminer 2024 avec un ratio d'endettement net bien inférieur à son objectif de 2,5x. En se projetant vers 2025, APi annonce un pipeline solide en fusions et acquisitions, un carnet de commandes sain, et prévoit d'atteindre son objectif de marge EBITDA ajustée supérieure à 13% d'ici la fin 2025. De nouveaux objectifs financiers et des plans stratégiques seront présentés lors du prochain Jour des Investisseurs.

APi Group (NYSE: APG) hat einen Investorentag für den 21. Mai 2025 in New York City angekündigt, zu dem in den kommenden Monaten weitere Details bekannt gegeben werden. Das Unternehmen hat seine Prognose für 2024 bestätigt, die zuvor am 31. Oktober 2024 veröffentlicht wurde. Bis zum dritten Quartal hat APi Rekordnettoeinnahmen, eine angepasste EBITDA-Marge und eine Generierung des freien Cashflows erzielt. Das Unternehmen erwartet, 2024 mit einem Nettoverschuldungsgrad deutlich unter dem Ziel von 2,5x abzuschließen. Für 2025 berichtet APi über eine robuste Pipeline im Bereich Fusionen und Übernahmen, einen gesunden Auftragsbestand und geht davon aus, bis Ende 2025 das Ziel einer angepassten EBITDA-Marge von über 13% zu erreichen. Neue finanzielle Ziele und strategische Pläne werden am kommenden Investorentag vorgestellt.

Positive
  • Record net revenues through Q3 2024
  • Record adjusted EBITDA margin through Q3 2024
  • Record free cash flow generation through Q3 2024
  • Net leverage ratio expected below 2.5x target
  • Healthy project backlog reported
  • On track for 13%+ adjusted EBITDA margin by end of 2025
Negative
  • None.

Insights

The reaffirmation of 2024 guidance and strong operational metrics are significant positives for APi Group. The company is tracking well on key performance indicators with record net revenues, adjusted EBITDA margins and free cash flow generation through Q3. The projected net leverage ratio below 2.5x demonstrates solid balance sheet management and creates flexibility for strategic M&A opportunities. The healthy backlog and robust M&A pipeline, combined with the trajectory toward a 13%+ adjusted EBITDA margin target by end-2025, indicate strong operational momentum. Management's confidence in setting "meaningfully higher" financial targets suggests potential for accelerated growth and margin expansion beyond current expectations. This positions APi Group favorably for continued value creation through both organic growth and strategic acquisitions.

NEW BRIGHTON, Minn.--(BUSINESS WIRE)-- APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today announced it will host an Investor Day on Wednesday, May 21, 2025, in New York City. The Company will share more details about the location, participants and webcast details in the coming months.

Russ Becker, APi’s President and Chief Executive Officer stated: “As we progress towards year end of 2024, I want to thank all of our leaders for their contributions to APi. With record net revenues, adjusted EBITDA margin and free cash flow generation through the third quarter, we remain focused on delivering on our full year commitments and reaffirm our 2024 net revenue and adjusted EBITDA guidance that was shared on October 31, 2024. I am pleased to report that we also expect to end the year comfortably below our targeted net leverage ratio of 2.5x, providing us with continued opportunity for value enhancing capital deployment. As we turn our focus to 2025, I am excited about the opportunities for the business across our global platform. Our M&A pipeline is robust, our backlog is healthy and I believe that we are well positioned to achieve our 13% plus adjusted EBITDA margin target by year end 2025. We look forward to providing additional updates in the new year and detailing new, meaningfully higher financial targets and our strategic plan at our Investor Day.”

About APi Group

APi is a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base and over 500 locations worldwide. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers. More information can be found at www.apigroupcorp.com.

Forward Looking Statements

Please note that in this press release the Company may discuss events or results that have not yet occurred or been realized, commonly referred to as forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of the Company. Such discussion and statements may contain words such as “expect,” “anticipate,” “will,” “should,” “believe,” “intend,” “plan,” “estimate,” “predict,” “seek,” “continue,” “pro forma” “outlook,” “may,” “might,” “should,” “can have,” “have,” “likely,” “potential,” “target,” “indicative,” “illustrative,” and variations of such words and similar expressions, and relate in this press release, without limitation, to statements, beliefs, projections and expectations about future events. Such statements are based on the Company’s expectations, intentions and projections regarding the Company’s future performance, anticipated events or trends and other matters that are not historical facts.

These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) economic conditions, competition, political risks, and other risks that may affect the Company’s future performance, including the impacts of inflationary pressures and other macroeconomic factors on the Company’s business, markets, supply chain, customers and workforce, on the credit and financial markets, on the alignment of expenses and revenues and on the global economy generally; (ii) supply chain constraints and interruptions, and the resulting increases in the cost, or reductions in the supply, of the materials and commodities the Company uses in its business and for which the Company bears the risk of such increases; (iii) risks associated with the Company’s expanded international operations; (iv) failure to realize the anticipated benefits of our acquisitions and restructuring program, and our ability to successfully execute the Company’s bolt-on acquisition strategy to acquire other businesses and successfully integrate them into its operations; (v) failure to fully execute the Company’s inspection first strategy or to realize the expected service revenue from such inspections; (vi) failure to realize expected benefits from the Company’s other business strategies, including the Company’s disciplined approach to customer and project selection, the Company’s asset-light, services-focused business model and its expected impact on future capital expenditures, and the expected efficiencies from the realignment of the Company’s safety services segment; (vii) risks associated with the Company’s decentralized business model and participation in joint ventures; (viii) improperly managed projects or project delays; (ix) adverse developments in the credit markets which could impact the Company’s ability to secure financing in the future; (x) the Company’s substantial level of indebtedness; (xi) risks associated with the Company’s contract portfolio; (xii) changes in applicable laws or regulations; (xiii) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (xiv) the impact of a global armed conflict; (xv) the trading price of the Company’s common stock, which may be positively or negatively impacted by market and economic conditions, the availability of the Company’s common stock, the Company’s financial performance or determinations following the date of this press release to use the Company’s funds for other purposes; (xvi) geopolitical risks; and (xvii) other risks and uncertainties, including those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 under the heading “Risk Factors.” Given these risks and uncertainties, you are cautioned not to place undue reliance on forward-looking statements. Additional information concerning these risks, uncertainties and other factors that could cause actual results to vary is, or will be, included in the periodic and other reports filed by the Company with the Securities and Exchange Commission. Forward-looking statements included in this press release speak only as of the date hereof and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or circumstances after the date of this press release.

Investor Relations Contact

Adam Fee

Vice President of Investor Relations

Tel: +1 651-240-7252

Email: investorrelations@apigroupinc.us

Source: APi Group Corporation

FAQ

When is APG's 2025 Investor Day scheduled?

APi Group's Investor Day is scheduled for Wednesday, May 21, 2025, in New York City.

What is APG's adjusted EBITDA margin target for 2025?

APi Group aims to achieve a 13% plus adjusted EBITDA margin target by year-end 2025.

Has APG confirmed its 2024 financial guidance?

Yes, APi Group has reaffirmed its 2024 net revenue and adjusted EBITDA guidance that was shared on October 31, 2024.

What is APG's target net leverage ratio for 2024?

APi Group targets a net leverage ratio of 2.5x and expects to end 2024 comfortably below this target.

What performance records did APG achieve in Q3 2024?

APi Group achieved record net revenues, adjusted EBITDA margin, and free cash flow generation through the third quarter of 2024.

APi Group Corporation

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Engineering & Construction
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NEW BRIGHTON