APi Group reports Q2 EPS 49c, consensus 47c

Reports Q2 revenue $1.7B, consensus $1.79B…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 perform well, with double digit U.S. Life Safety inspection growth, record adjusted EBITDA margin, and record free cash flow generation. I believe our leaders’ can generate continued momentum in the business, build on historically strong execution, consistently drive margin expansion, and return to historical levels of organic growth in the back half of the year and into 2025. We believe we can create sustainable shareholder value by focusing on our long-term value creation targets and we feel confident in our ability to achieve our 13% or more adjusted EBITDA margin target in 2025.”