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.
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APi Group (APG) has announced the launch of a public offering of 11,000,000 shares of its common stock, with the intention to grant underwriters a 30-day option to purchase additional shares. The net proceeds will be used for general corporate purposes, including capital expenditures, working capital, and acquisitions. The offering is subject to market conditions, with Citigroup, BofA Securities, and UBS Investment Bank acting as joint book-running managers.
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L Squared Capital Partners announces the pending sale of Elevated Facility Services to APi Group The transaction is expected to close in Q2 2024, subject to regulatory approval. L Squared highlights the successful partnership with Elevated's leadership team and the strategic investments made during their ownership period, resulting in significant revenue growth and operational efficiency.
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APi Group acquires Elevated Facility Services Group for $570 million, expanding into the elevator and escalator services space. The acquisition is expected to enhance earnings per share, gross profit margin, and create cross-selling opportunities. Elevated's focus on non-discretionary services strengthens APi's service offering and drives financial results. The transaction is projected to contribute $220 million in annual revenue and align with APi's long-term net leverage target of less than 2.5x.
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APi Group Corporation (APG) senior leadership to participate in fireside chat at 2024 J.P. Morgan Industrials Conference. Webcast details available on APi's Investor Relations page.
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APi Group Corporation (APG) announced the upsize and pricing of a public offering of 10,569,106 shares of common stock by Blackstone Inc. and Viking Global Investors LP at $34.25 per share. The Selling Stockholders received shares upon conversion of Series B Preferred Shares. APi will not receive proceeds from the offering.
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APi Group Corporation (NYSE: APG) announces a public offering of 8,130,082 shares of common stock by Blackstone and Viking Selling Stockholders. The Selling Stockholders also grant underwriters an option to purchase additional shares. APi will not receive proceeds from the sale. The offering is made under a shelf registration statement filed with the SEC.
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APi Group Corporation (NYSE: APG) reported record full-year net revenues of $6.9 billion, with 6% reported and 5.5% organic growth. The company achieved a record reported net income of $153 million and adjusted EBITDA of $782 million, marking a 110% and 16.2% growth, respectively. They also announced a $1 billion share repurchase program.
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APi Group Corporation (APG) reports record financial results for 2023, with net revenues and adjusted EBITDA expected to exceed guidance. The company aims for mid-single-digit organic growth in 2024, driven by strong backlog and core inspection growth. APi's balance sheet strength allows for pursuing value-enhancing capital allocation strategies, including M&A acceleration.
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APi Group Corporation (NYSE: APG) announced the release of its financial results for the three months and full-year ended December 31, 2023, which will be discussed in a conference call on February 28, 2024. The company's senior leadership will also be participating in investor conferences.
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APi Group Corporation (NYSE: APG) has announced the repayment of an additional $175 million on its Term Loan due 2026, leaving $330 million outstanding. The company has repaid a total of $475 million of debt year to date and expects to end 2023 below its targeted net leverage ratio of 2.5x. APi's Chief Financial Officer, Kevin Krumm, stated that the recent paydown of debt represents a step forward in reducing leverage and strengthening the balance sheet, with plans to return to bolt-on M&A in 2023 and grow adjusted free cash flow in 2024.
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FAQ
What is the current stock price of APi Group Corporation (APG)?
The current stock price of APi Group Corporation (APG) is $35.71 as of November 18, 2024.
What is the market cap of APi Group Corporation (APG)?
The market cap of APi Group Corporation (APG) is approximately 9.8B.
What does APi Group Corporation do?
APi Group Corporation oversees over 40 independently managed companies in life safety, energy, specialty construction, and infrastructure sectors across 200 locations worldwide.
In which segments does APi Group operate?
APi Group operates in two segments: Safety Services and Specialty Services.
What services are offered under APi Group's Safety Services segment?
The Safety Services segment includes design, installation, inspection, and service of integrated occupancy systems like fire protection solutions, HVAC, and entry systems.
What industries does APi Group's Safety Services cater to?
Safety Services cater to commercial, educational, healthcare, high-tech, industrial, and special-hazard environments.
What does APi Group’s Specialty Services segment include?
The Specialty Services segment includes maintenance and repair of critical infrastructure such as underground electric, gas, water, sewer, and telecommunications infrastructure.
How large is APi Group in the specialty contracting industry?
APi Group is one of the largest specialty contractors in North America, ranking fifth overall among ENR's Top 600 Specialty Contractors in 2017.
What is APi Group's ranking in life safety services?
APi Group is ranked number one for top 20 firms in fire protection and sprinklers, according to ENR's 2017 rankings.
How does APi Group support its employees?
APi Group is committed to leadership development across its organization, ensuring every employee has growth opportunities.
Where does APi Group provide its services?
APi Group provides services in North America, Asia Pacific, and Europe.
What is the focus of APi Group's Safety Services segment?
The focus is on end-to-end integrated occupancy systems, including design, installation, inspection, and service.
APi Group Corporation
NYSE:APG
APG Rankings
APG Stock Data
9.81B
245.56M
10.63%
79.17%
1.86%
Engineering & Construction
Services-to Dwellings & Other Buildings
United States of America
NEW BRIGHTON