Welcome to our dedicated page for Api Group news (Ticker: APG), a resource for investors and traders seeking the latest updates and insights on Api Group stock.
APi Group Corporation (APG) provides essential life safety systems and critical infrastructure services across commercial and industrial sectors worldwide. This news hub offers investors and industry professionals centralized access to official corporate announcements and market developments.
Discover timely updates on safety service innovations, infrastructure project milestones, and strategic business decisions. Our curated feed includes earnings reports, regulatory filings, partnership announcements, and operational expansions across APG's network of 40+ specialized companies.
Key coverage areas include fire protection system advancements, HVAC technology updates, utility maintenance programs, and safety compliance initiatives. The repository serves as a vital resource for tracking APG's dual focus on integrated occupancy solutions and large-scale infrastructure maintenance.
Bookmark this page for direct access to verified information about APG's North American and international operations. Regularly updated content ensures stakeholders maintain current awareness of this industry leader's activities in highly regulated technical environments.
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.
APi Group Corporation (NYSE: APG) announced a mandatory redemption event for its outstanding warrants (OTCBB: JCQQ) effective January 26, 2021. Each warrant will be redeemed for $0.01 on February 25, 2021, unless exercised by February 24, 2021. The redemption follows the company's common stock achieving a price of $18.00 or more for ten consecutive days. If all 63,774,398 warrants are exercised, APi could generate approximately $244 million in cash, enhancing its financial flexibility for growth opportunities.
APi Group Corporation (NYSE: APG) will participate in a fireside chat at the CJS Securities 21st Annual New Ideas for the New Year Conference on January 13, 2021, at 8:45 a.m. ET. The event will include one-on-one meetings with institutional investors. Presentation materials and audio can be accessed through the Investor Relations page on APi's website. The presentation will be available for replay for 30 days. APi is recognized for providing safety, specialty, and industrial services across over 200 locations in North America and Europe.
APi Group Corporation (NYSE: APG) has updated its 2020 financial guidance, forecasting adjusted EBITDA of $370-$380 million (increased from $360-$370 million) and adjusted EPS of $1.14-$1.19 (up from $1.11-$1.15). This improvement is attributed to strong fourth-quarter performance, with a focus on customer service despite macro challenges. President Russ Becker expressed optimism while acknowledging uncertainties related to COVID-19 impacts. APi is a leading provider of safety and industrial services, committed to innovation and customer satisfaction.
APi Group Corporation (NYSE: APG) has announced a new stock repurchase program, authorizing up to $100 million in share buybacks. This initiative reflects the Board's confidence in the company's growth prospects and strong cash flow generation. The company plans to use various methods for repurchasing shares, including open market transactions and private deals. APi’s President highlighted that this move does not hinder potential further acquisitions and maintains a conservative balance sheet. The program is set to expire on December 31, 2021, unless revised.
