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APi Group Corporation (APG)
NYSE:APG
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.51Last Year’s EPS
$0.44Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 11.23%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
APG reported record net revenues and profitability, with strong growth in inspection revenues and improved gross margin. However, the company faced significant revenue headwinds in Specialty Services and project delays impacting overall revenue. Despite these challenges, the backlog remains healthy, and the company is optimistic about future growth.Company Guidance
During APi Group's Q3 2024 earnings call, the executives provided guidance for the company's future performance, emphasizing their 13/60/80 Shareholder Value Creation Framework. They highlighted their target to achieve a 13% adjusted EBITDA margin by year-end 2025. For 2024, they anticipate full-year net revenues of approximately $7 billion and adjusted EBITDA in the range of $890 million to $900 million. The company reported Q3 adjusted EBITDA margin at 13.4%, marking an 80 basis point increase from the previous year. APi Group also expressed confidence in their bolt-on M&A strategy, having completed 10 acquisitions excluding Elevated, and they plan to maintain this momentum into 2025. The company aims to continue expanding their inspection, service, and monitoring revenue mix, which currently stands at 54%, with a long-term target of 60% of revenues from these areas. Additionally, they upgraded their full-year 2024 cash flow guidance, projecting an adjusted free cash flow conversion of at least 75%.Record Net Revenues and Profitability
2024 is expected to be a year of record net revenues, profitability, and free cash flow generation. Adjusted EBITDA is expected to deliver about $900 million.
Double-Digit Growth in Inspection Revenues
17 consecutive quarters of double-digit organic growth in inspection revenues in U.S. Life Safety.
Improved Adjusted Gross Margin
Adjusted gross margin for Q3 2024 grew to 31%, a 200 basis point increase compared to the prior year.
Strong Free Cash Flow Conversion
Adjusted free cash flow for Q3 2024 was $227 million, reflecting a 93% conversion rate.
Healthy Backlog and Organic Growth
Life Safety business has a record high backlog of approximately $2 billion, up 5% organically versus prior year.
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APG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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APG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $33.21 | $34.14 | +2.80% |
| Aug 01, 2024 | $37.89 | $36.25 | -4.33% |
| May 02, 2024 | $37.83 | $37.34 | -1.30% |
| Feb 28, 2024 | $35.72 | $35.00 | -2.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does APi Group Corporation (APG) report earnings?
APi Group Corporation (APG) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is APi Group Corporation (APG) earnings time?
APi Group Corporation (APG) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is APG EPS forecast?
APG EPS forecast for the fiscal quarter 2024 (Q4) is $0.51.
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