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 |
|---|---|---|---|
| 1/22/2025 | $45.00 | Buy | Truist |
| 1/14/2025 | $45.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 12/5/2024 | Outperform | William Blair | |
| 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 |
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
4 - APi Group Corp (0001796209) (Issuer)
-Record first quarter net revenues of $1.7 billion, representing accelerating year-over-year growth of 7.4% with continued double-digit inspection revenue growth in North American Safety Services- -First quarter reported net income of $35 million and record first quarter adjusted EBITDA of $193 million with year-over-year adjusted EBITDA margin expansion of 30 basis points- -Repurchased $75 million of common stock and authorized new $1 billion share repurchase program- -Plans to announce new long-term financial targets at Investor Day on May 21 in New York City- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months ended Marc
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, 2025, before the market opens on Thursday, May 1, 2025. 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 1, 2025. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; David Jackola, 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 p
APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced the appointment of David Jackola as Executive Vice President & Chief Financial Officer, effective immediately. Mr. Jackola has been with the Company since October 2021, most recently serving as Interim Chief Financial Officer since December of 2024. He will report directly to Russ Becker, President and Chief Executive Officer of APi. Russ Becker, APi's President and Chief Executive Officer stated: "David is a great leader and has a proven track record of driving profitable organic growth and executing on our strategic objectives. After a comprehensive process, the Board and I agreed that David is the ideal candidate
APi Group Corporation (NYSE:APG) ("APi") today announced that its senior leadership will be participating in a fireside chat during the 2025 J.P. Morgan Industrials Conference on Wednesday, March 12th at 10:30 a.m. ET. A live webcast link and archived replay will be available in the "Events" area on the Investor Relations page of APi's website at www.apigroupcorp.com. Interested parties should check the Company's website for any schedule updates or time changes. About APi: APi is a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base and over 500 locations worldwide. A
-Record fourth quarter net revenues of $1.9 billion, representing year-over-year growth of 5.8% with double digit inspection revenue growth in U.S. Life Safety- -Record fourth quarter net income of $67 million, representing year-over-year growth of 168%- -Record fourth quarter adjusted EBITDA of $242 million, representing year-over-year growth of 16.3%- -Record full year operating cash flow with strong adjusted free cash flow conversion of 75%- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months and full year ended December 31, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "Our record results
APi Group Corporation (NYSE:APG) ("APi" or the "Company") today provided an update on year-end 2024 results and net revenue and adjusted EBITDA guidance for 2025. The Company also announced the successful repricing of its Term Loan due 2029. The Company is participating in two upcoming investor conferences and may discuss these items while at the conferences. Financial Update Russ Becker, APi's President and Chief Executive Officer stated: "I want to thank all our leaders for their contributions to APi. In 2024, we continued executing our strategy and achieved record financial results highlighted by continued adjusted EBITDA margin expansion and improved adjusted free cash flow conversion.
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three months and full year ended December 31, 2024, before the market opens on Wednesday, February 26, 2025. 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 26, 2025. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; David Jackola, Interim 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 prov
APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced it will host an Investor Day on Wednesday, May 21, 2025, in New York City. The Company will share more details about the location, participants and webcast details in the coming months. Russ Becker, APi's President and Chief Executive Officer stated: "As we progress towards year end of 2024, I want to thank all of our leaders for their contributions to APi. With record net revenues, adjusted EBITDA margin and free cash flow generation through the third quarter, we remain focused on delivering on our full year commitments and reaffirm our 2024 net revenue and adjusted EBITDA guidance that was shared on October 31, 20
APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced that its senior leadership will be participating in a fireside chat during the UBS Global Industrials and Transportation Conference on Wednesday, December 4th at 9:40 a.m. ET. A live webcast link and archived replay will be available in the "Events" area on the Investor Relations page of APi's website at www.apigroupcorp.com. Interested parties should check the Company's website for any schedule updates or time changes. About APi: APi is a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base a
-Reaffirms 2024 Financial Guidance- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today announced that Kevin Krumm, Chief Financial Officer, will step down from his role on December 13, 2024, to accept another opportunity. David Jackola, current Chief Financial Officer and Vice President of Transformation at APi International, will assume the role of interim Chief Financial Officer upon Krumm's departure and until a successor is appointed. Jackola is a seasoned senior finance executive with broad functional and global experience and a deep understanding of APi's business. Prior to his role as CFO and VP of Transformation at APi International, he held the position of Vice Pre
8-K - APi Group Corp (0001796209) (Filer)
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Truist initiated coverage of APi Group with a rating of Buy and set a new price target of $45.00
RBC Capital Mkts upgraded APi Group from Sector Perform to Outperform and set a new price target of $45.00
William Blair initiated coverage of APi Group with a rating of Outperform
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
-Record first quarter net revenues of $1.7 billion, representing accelerating year-over-year growth of 7.4% with continued double-digit inspection revenue growth in North American Safety Services- -First quarter reported net income of $35 million and record first quarter adjusted EBITDA of $193 million with year-over-year adjusted EBITDA margin expansion of 30 basis points- -Repurchased $75 million of common stock and authorized new $1 billion share repurchase program- -Plans to announce new long-term financial targets at Investor Day on May 21 in New York City- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months ended Marc
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, 2025, before the market opens on Thursday, May 1, 2025. 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 1, 2025. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; David Jackola, 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 p
-Record fourth quarter net revenues of $1.9 billion, representing year-over-year growth of 5.8% with double digit inspection revenue growth in U.S. Life Safety- -Record fourth quarter net income of $67 million, representing year-over-year growth of 168%- -Record fourth quarter adjusted EBITDA of $242 million, representing year-over-year growth of 16.3%- -Record full year operating cash flow with strong adjusted free cash flow conversion of 75%- APi Group Corporation (NYSE:APG) ("APi" or the "Company") today reported its financial results for the three months and full year ended December 31, 2024. Russ Becker, APi's President and Chief Executive Officer stated: "Our record results
APi Group Corporation (NYSE:APG) ("APi") announced today that it intends to release its financial results for the three months and full year ended December 31, 2024, before the market opens on Wednesday, February 26, 2025. 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 26, 2025. Participants on the call will include Russell A. Becker, President and Chief Executive Officer; David Jackola, Interim 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 prov
-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") today announced the appointment of David Jackola as Executive Vice President & Chief Financial Officer, effective immediately. Mr. Jackola has been with the Company since October 2021, most recently serving as Interim Chief Financial Officer since December of 2024. He will report directly to Russ Becker, President and Chief Executive Officer of APi. Russ Becker, APi's President and Chief Executive Officer stated: "David is a great leader and has a proven track record of driving profitable organic growth and executing on our strategic objectives. After a comprehensive process, the Board and I agreed that David is the ideal candidate
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