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APi Group Corporation (APG)
NYSE:APG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.37Last Year’s EPS
0.34Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -9.57%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
APi Group reported strong financial results for 2024 with record revenues and margins, despite challenges in the Specialty Services segment and project delays. The company remains optimistic about continued growth in inspection and service revenues and new market opportunities in the elevator and escalator sector.Company Guidance
During the call, APi Group provided comprehensive guidance for 2025, highlighting several key financial metrics. The company expects full-year reported net revenues to range between $7.3 billion and $7.5 billion, with a return to traditional rates of organic growth. Adjusted EBITDA is anticipated to be between $970 million and $1.02 billion, representing a growth of approximately 10% to 15% on a fixed currency basis, and an adjusted EBITDA margin of 13.4% at the midpoint, an increase of 70 basis points from 2024. The company also set a 2025 target for adjusted free cash flow conversion of approximately 75%, consistent with the previous year. For the first quarter, APi projects reported net revenues of $1.625 billion to $1.675 billion, translating to 2% to 5% growth, with an adjusted EBITDA expected to be between $185 million and $195 million, reflecting a 7% to 13% increase on a fixed currency basis and a margin improvement of 60 basis points from the prior year. Additionally, the company anticipates interest expense of approximately $145 million, capital expenditures of around $100 million, and an adjusted effective cash tax rate of about 23%.Record Financial Performance in 2024
APi Group achieved record net revenues, adjusted EBITDA, earnings per share, and free cash flow in 2024, with net revenues growing by 1.3% to $7 billion.
Adjusted EBITDA Margin Expansion
The company expanded its adjusted EBITDA margins by 140 basis points to 12.7%, with expectations to surpass the 13% target in 2025.
Strong Performance in Inspection and Service Revenues
Inspection, service, and monitoring revenues increased from 52% in 2023 to 54% in 2024, with double-digit growth in the U.S. Life Safety business.
Successful Debt Reduction and Cash Flow Management
The company repaid $100 million of its term loan, reducing net leverage to 2.2x, and achieved a 75% free cash flow conversion rate.
Growth in Elevator and Escalator Services Market
APi Group entered the $10 billion elevator and escalator services market through the acquisition of Elevated, aiming to build a $1 billion-plus platform.
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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 |
|---|---|---|---|
| Feb 26, 2025 | $40.12 | $40.00 | -0.30% |
| 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% |
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 May 01, 2025, TBA Not Confirmed.
What is APi Group Corporation (APG) earnings time?
APi Group Corporation (APG) earnings time is at May 01, 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 2025 (Q1) is 0.37.
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