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APi Group Corporation - APG STOCK NEWS

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 Corporation (NYSE: APG) has increased its Chubb value capture target by 25% to $125 million. The company expects to spend up to $125 million to capture these savings by the end of 2025. APi also anticipates double-digit core inspection organic growth and continued margin expansion across the business, aiming for a 13% (or more) Adjusted EBITDA margin by 2025. The company's backlog is strong, and its balance sheet is in a favorable position, expecting to end 2023 below the targeted 2.5x debt to Adjusted EBITDA ratio.
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APi Group Corporation (NYSE: APG) reported net revenues of $5.2 billion for the first nine months of 2023, representing approximately 7% growth. The company also reported net income of $54 million and adjusted EBITDA of $224 million for the third quarter, with year-over-year net income growth of 93% and adjusted EBITDA margin expansion of 190 basis points. APi Group is raising the bottom end of its full year adjusted EBITDA guidance.
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APi Group Corporation (NYSE: APG) will release its Q3 2023 results on November 2, 2023. A conference call to discuss the financial results will be held at 8:30 a.m. ET on the same day.
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APi Group Corporation (NYSE: APG) announces successful repricing and extension of Term Loans, resulting in $4 million in annual cash savings. The company will have $505 million outstanding on its Term Loan due 2026 and $1,407 million outstanding on its Term Loan due 2029. The transaction is expected to close next week.
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APi Group Corporation (NYSE: APG) senior leadership to participate in fireside chat during Jefferies 2023 Industrials Conference and RBC's 2023 Global Industrials Conference.
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APi Group Corporation (NYSE: APG) announced plans to release its first quarter results for the period ending March 31, 2023, prior to market opening on May 4, 2023. The company will host a conference call at 8:30 a.m. ET the same day, featuring CEO Russell A. Becker, CFO Kevin S. Krumm, and Co-Chairs James E. Lillie and Sir Martin E. Franklin. Participants can listen via telephone at 800-343-4136 or through a live webcast. APi Group, established in 1926, has grown to generate approximately $6.6 billion in revenue, employing around 27,000 team members across 20 countries. The company focuses on life safety and specialty services, aiming to enhance shareholder value through diversified, recurring revenue streams.

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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
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United States of America
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