APi Group Corporation provides safety, specialty, and industrial services primarily in North America. It operates through three segments: Safety Services, Specialty Services, and Industrial Services. The Safety Services segment offers safety solutions focusing on end-to-end integrated occupancy systems, such as fire protection solutions, and HVAC and entry systems, which include the design, installation, inspection, and service of these integrated systems. The Specialty Services segment offers infrastructure services and specialized industrial plant solutions, including maintenance and repair of underground electric, gas, water, sewer, and telecommunications infrastructure. The Industrial Services segment provides various services and solutions comprising oil and gas pipeline infrastructure, access and road construction, supporting facilities, and integrity management and maintenance to the energy industry focused on transmission and distribution. APi Group Corporation serves customers in the public and private sectors, including commercial, industrial, data center, distribution, manufacturing, education, healthcare, communications, utilities, energy, high tech, and governmental markets. The company was formerly known as J2 Acquisition Limited and changed its name to APi Group Corporation in October 2019. APi Group Corporation was founded in 1926 and is headquartered in New Brighton, Minnesota.
IPO Year: 2020
Exchange: NYSE
Website: apigroupinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/15/2024 | $48.00 | Buy | Jefferies |
| 1/25/2024 | $40.00 | Buy | UBS |
| 5/17/2023 | $27.00 → $29.00 | Neutral → Outperform | Robert W. Baird |
| 7/11/2022 | $23.00 | Neutral → Buy | BofA Securities |
| 6/17/2022 | $17.00 | Neutral | JP Morgan |
| 3/25/2022 | $24.00 | Sector Perform | RBC Capital Mkts |
| 3/22/2022 | $23.00 | Neutral | BofA Securities |
| 1/10/2022 | $26.00 | Outperform → Neutral | Robert W. Baird |
| 1/10/2022 | $26.00 | Outperform → Neutral | Baird |
| 1/4/2022 | $24.00 → $30.00 | Overweight | Barclays |
-Third quarter net revenues of $1.8 billion, representing growth of 2.4% with double digit inspection revenue growth in U.S. Life Safety- -Record third quarter net income of $69 million, representing year-over-year growth of 28%- -Record third quarter adjusted EBITDA of $245 million, representing year-over-year growth of 9%- -Record third quarter operating cash flow and free cash flow generation; increases 2024 conversion target to 75%+- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and nine months ended September 30, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "The team's work over the last few y
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three and nine months ended September 30, 2024, before the market opens on Thursday, October 31, 2024. Third Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, October 31, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-196
-Second quarter net revenues of $1.7 billion, with continued double-digit inspection growth- -Record second quarter net income of $69 million, representing year-over-year growth of 44%- -Record second quarter adjusted EBITDA of $231 million, representing year-over-year growth of 14%- -Record second quarter free cash flow generation, with strong conversion- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and six months ended June 30, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "APi delivered strong financial results in the second quarter and the first half of the year. The business continues to
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three months ended June 30, 2024, before the market opens on Thursday, August 1, 2024. Second Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, August 1, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-1963 and provide
-Record first quarter net income of $45 million, representing year-over-year growth of 73%- -Record first quarter adjusted EBITDA of $175 million, representing year-over-year growth of 19%- -Simplifies capital structure by retiring all outstanding Series B Preferred Stock- -Enters new, adjacent service market with agreement to acquire Elevated Facility Services Group- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months ended March 31, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "The start of 2024 has been significant as we are off to another solid start. First and most importantly, the team
APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced today that it intends to release its financial results for the three months ended March 31, 2024, before the market opens on Thursday, May 2, 2024. First Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, May 2, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-1963 a
APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced today that it intends to release its financial results for the three months and full-year ended December 31, 2023, before the market opens on Wednesday, February 28, 2024. Fourth Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Wednesday, February 28, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dia
-Record first nine months net revenues of $5.2 billion, representing approximately 7% reported and organic growth, with continued double-digit organic core inspection revenue growth- -Reported net income of $54 million and adjusted EBITDA of $224 million for the third quarter, representing year-over-year net income growth of 93% and adjusted EBITDA margin expansion of 190 basis points- -Raising the bottom end of full year adjusted EBITDA guidance- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and nine months ended September 30, 2023. Russ Becker, APi's President and Chief Executive Officer stated: "I am pleased with the
APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced today that it intends to release its third quarter results for the three and nine months ended September 30, 2023, before the market opens on Thursday, November 2, 2023. Third Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, November 2, 2023. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800
-Record reported net revenues of $1.8 billion, representing growth of 7.4% and organic net revenue growth of 7.6% - -Reported net income of $48 million and adjusted EBITDA of $203 million, representing year-over-year adjusted EBITDA margin expansion of 80 basis points- -Raising full year guidance for both net revenues and adjusted EBITDA- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and six months ended June 30, 2023. Russ Becker, APi's President and Chief Executive Officer stated: "APi delivered record financial results in the second quarter and the first half of the year. The business continues to perform well and del
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Endeavor team members shared in the business' equity value appreciation, as the sale marked BIP's first exit of a portfolio company under its piloted broad-based employee ownership program Building Industry Partners ("BIP"), the leading middle market private equity firm focused on the U.S. building industry, is proud to announce the successful sale of Endeavor Fire Protection ("Endeavor"), a rapidly growing provider of fire protection and life safety installation, maintenance and repair, and inspection services. Endeavor was sold to APi Group Corporation (NYSE:APG) ("APi"), a market-leading publicly traded provider of business services, including safety and specialty services, with over 5
-Third quarter net revenues of $1.8 billion, representing growth of 2.4% with double digit inspection revenue growth in U.S. Life Safety- -Record third quarter net income of $69 million, representing year-over-year growth of 28%- -Record third quarter adjusted EBITDA of $245 million, representing year-over-year growth of 9%- -Record third quarter operating cash flow and free cash flow generation; increases 2024 conversion target to 75%+- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and nine months ended September 30, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "The team's work over the last few y
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three and nine months ended September 30, 2024, before the market opens on Thursday, October 31, 2024. Third Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, October 31, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-196
APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced that its senior leadership will be participating in a fireside chat during the 2024 Jefferies Industrials Conference on Thursday, September 5th at 10:25 a.m. ET. The live webcast link and archived replay will be available in the "Events" area on the Investor Relations page of APi's website at www.apigroupinc.com. Interested parties should check the Company's website for any schedule updates or time changes. The Company's senior leadership will also be participating in the 2024 RBC Global Industrials Conference on Tuesday, September 24th. About APi: APi is a global, market-leading business services provider of
-Second quarter net revenues of $1.7 billion, with continued double-digit inspection growth- -Record second quarter net income of $69 million, representing year-over-year growth of 44%- -Record second quarter adjusted EBITDA of $231 million, representing year-over-year growth of 14%- -Record second quarter free cash flow generation, with strong conversion- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three and six months ended June 30, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "APi delivered strong financial results in the second quarter and the first half of the year. The business continues to
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three months ended June 30, 2024, before the market opens on Thursday, August 1, 2024. Second Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, August 1, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-1963 and provide
-Establishes new statutorily mandated service platform in the highly attractive elevator and escalator services space- -Accelerates business mix shift towards 60% of revenues from inspection, service, and monitoring- -Company raises full year guidance- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced that it has completed its previously announced acquisition of Elevated Facility Services Group ("Elevated") from a fund managed by L Squared Capital Partners for approximately $570 million. Headquartered in Tampa, Florida, Elevated has approximately 600 leaders and serves customers in over 18 states. Elevated is a premier provider of contractually based services
APi Group Corporation (NYSE:APG) ("APG", "APi" or the "Company") a global, market-leading business services provider of life safety, security and specialty services, today announced the successful refinancing of all of its term loans through an upsizing and repricing of its term loans due 2029. The repricing reduces the applicable margin on all outstanding terms loans due 2029 by 50 basis points and removes the credit spread adjustment, representing an estimated cash interest savings of approximately $12 million annually. As part of the transaction, APi incurred approximately $2,257 million of incremental term loans due 2029 under its credit agreement, the proceeds of which were used (i)
-Record first quarter net income of $45 million, representing year-over-year growth of 73%- -Record first quarter adjusted EBITDA of $175 million, representing year-over-year growth of 19%- -Simplifies capital structure by retiring all outstanding Series B Preferred Stock- -Enters new, adjacent service market with agreement to acquire Elevated Facility Services Group- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months ended March 31, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "The start of 2024 has been significant as we are off to another solid start. First and most importantly, the team
APi Group Corporation (NYSE:APG) ("APi" or the "Company") announced today that it intends to release its financial results for the three months ended March 31, 2024, before the market opens on Thursday, May 2, 2024. First Quarter Earnings Conference Call APi will hold a webcast/dial-in conference call to discuss its financial results at 8:30 a.m. (Eastern Time) on Thursday, May 2, 2024. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; Kevin S. Krumm, Executive Vice President and Chief Financial Officer; and James E. Lillie and Sir Martin E. Franklin, Co-Chairs. To listen to the call by telephone, please dial 800-715-9871 or 646-307-1963 a
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The pending sale marks the eighth overall exit since L Squared's formation in 2014 L Squared Capital Partners ("L Squared") announced today that APi Group Corporation (NYSE:APG) ("APi"), a global, market-leading business services provider of life safety, security, and specialty services has entered into a definitive agreement to acquire Elevated Facility Services ("Elevated" or "the Company"), a leading provider of elevator and escalator maintenance, repair, and modernization service. The transaction is expected to close in Q2 2024 and is subject to customary closing conditions and the receipt of regulatory approval. "We are grateful for our highly successful partnership with Matt Biska
APi Gr's (NYSE:APG) short percent of float has fallen 7.32% since its last report. The company recently reported that it has 6.08 million shares sold short, which is 3.04% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.26 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
APi Gr's (NYSE:APG) short percent of float has fallen 10.38% since its last report. The company recently reported that it has 6.55 million shares sold short, which is 3.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
APi Gr's (NYSE:APG) short percent of float has fallen 4.44% since its last report. The company recently reported that it has 7.31 million shares sold short, which is 3.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.79 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is impo
APi Gr (NYSE:APG) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.33 by 3.03 percent. This is a 36 percent increase over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $1.60 billion which met the analyst consensus estimate. This is a 0.81 percent decrease over sales of $1.61 billion the same period last year.
APi Group Corp (NYSE:APG) shares are trading lower by 5% to $37.15 during Wednesday’s session after the company priced an 11 million share offering at $37.50 per share. The gross proceeds are estimated to be around $412.5 million before deductions. APi has granted the underwriters a 30-day option to purchase an additional 1.65 million shares. The offering, expected to close on April 19, will be solely comprised of shares offered by APi. The company plans to utilize the net proceeds for general corporate purposes, including capital expenditures, working capital and acquisitions. See Also: ‘Fundamentally Unfair:’ Tesla Board Chair Urges Shareholders To Vote Again On Elon Musk’s Voide
Jefferies initiated coverage of APi Group with a rating of Buy and set a new price target of $48.00
UBS resumed coverage of APi Group with a rating of Buy and set a new price target of $40.00
Robert W. Baird upgraded APi Group from Neutral to Outperform and set a new price target of $29.00 from $27.00 previously
BofA Securities upgraded APi Group from Neutral to Buy and set a new price target of $23.00
JP Morgan initiated coverage of APi Group with a rating of Neutral and set a new price target of $17.00
RBC Capital Mkts initiated coverage of APi Group with a rating of Sector Perform and set a new price target of $24.00
BofA Securities initiated coverage of APi Group with a rating of Neutral and set a new price target of $23.00
Robert W. Baird downgraded APi Group from Outperform to Neutral and set a new price target of $26.00
Baird downgraded APi Gr from Outperform to Neutral and set a new price target of $26.00
Barclays reiterated coverage of APi Gr with a rating of Overweight and set a new price target of $30.00 from $24.00 previously