APi Group Corporation - APG STOCK NEWS

APi Group Corporation (NYSE: APG) is set to release its first quarter financial results for the period ending March 31, 2021, before the market opens on May 12, 2021. A conference call will take place at 8:30 a.m. (Eastern Time) on the same day. Key executives, including President Russ Becker and CFO Tom Lydon, will participate. Investors can join the call via telephone or watch via a webcast. APi operates over 200 locations, delivering safety and specialty services, focusing on a diverse customer base in North America and Europe.

APi Group Corporation (NYSE: APG) has set a goal for a 13%+ adjusted EBITDA margin by the end of 2025, as announced during an Investor Event. CEO Russ Becker emphasized a focus on improving project selection, pricing opportunities, and operational excellence. The company aims to leverage synergies from future acquisitions to reach this target. APi operates over 200 locations in North America and is expanding in Europe, providing essential services to a diverse customer base.

APi Group Corporation (NYSE: APG) will host its inaugural virtual Investor Event on April 22, 2021, from 9:30 a.m. to 12:00 p.m. ET. Key participants include CEO Russ Becker, Co-Chairs James E. Lillie and Sir Martin E. Franklin, along with other senior leadership team members. The event aims to engage investors and will be accessible via a registration link provided. A replay will be available afterward on APi's Investor Relations page. APi operates across over 200 locations in North America and Europe, offering a range of safety and specialty services.

APi Group Corporation (NYSE: APG) reported its financial results for the fourth quarter and full year of 2020. In Q4, net revenues declined by 10.5% to $882 million, influenced by COVID-19 and the divestiture of two businesses. Adjusted net income for Q4 was $61 million, with an adjusted EBITDA of $103 million. For the full year, net revenues were $3.6 billion. Though reported net loss was $153 million, it improved from the prior year. The company highlighted a 235 basis point increase in gross margin to 22.4% for Q4, showing improved service revenue mix.

APi Group Corporation (NYSE: APG) will release its financial results for Q4 and the full year of 2020 on March 24, 2021. The company anticipates adjusted net revenues between $3,650 million and $3,750 million and adjusted EBITDA of $405 million to $419 million for 2021. They reported a cash influx of $230 million from warrant exercises, alongside $515 million in liquid assets, positioning them for M&A, stock buybacks, and debt repayment. A conference call will be held at 8:30 a.m. ET on the results release date.

APi Group Corporation (NYSE: APG) has completed a mandatory redemption of 3.8 million outstanding warrants at $0.01 each, triggered by the common stock's average price exceeding $18.00 for ten consecutive days. The event, initially announced on January 27, 2021, required warrants to be exercised by February 24, 2021. Leading up to the redemption, APi received approximately $230 million from the exercise of 60 million warrants, which were priced at $11.50 per share. The company has 200 million shares of common stock outstanding.

APi Group (NYSE: APG) announced preliminary year-end 2020 results, projecting adjusted net revenues of approximately $3.5 billion and an adjusted EBITDA between $370 million and $380 million. For 2021, the company expects revenue guidance of $3,650 to $3,750 million, anticipating growth in Safety and Specialty Services, but a 30% decline in Industrial Services. APG reported cash reserves of $515 million and $174 million from exercised warrants, with potential for an additional $71 million. The company has plans for future M&A and an investor day.

APi Group Corporation (NYSE: APG) announced its participation in Citi’s 2021 Global Industrials Virtual Conference, scheduled for February 18, 2021, at 3:30 p.m. ET. The audio and presentation materials will be available on the Company’s Investor Relations page on its website. Interested parties are encouraged to check the website for potential updates. APi is a leading provider of safety, specialty, and industrial services across over 200 locations in North America and Europe, catering to a diverse customer base.

APi Group Corporation (NYSE: APG) will present at the Barclays Industrial Select Conference on February 16, 2021, at 3:30 p.m. ET. Audio and presentation materials will be available on the Company’s Investor Relations page. APi is a leading provider of safety, specialty, and industrial services across over 200 locations, primarily in North America and Europe. The Company serves a diverse range of long-standing customers and is committed to delivering innovative solutions through its entrepreneurial leadership culture.