APi Group posts record Q1 revenue $1.61B, net income $26M; raises FY guidance

APi Group Corp

2023-Q1 EPS reported $0.05 revenue$1,614,000,000

Reported net revenue $1,614M (+9.7% YoY); organic net revenue growth 12.1%.
Net income $26M vs loss $7M; adjusted EBITDA $147M (+14.8%), margin 9.1% (+40bps).
Safety Services organic growth >14%; U.S. Life Safety organic growth ~20%.
Raising full-year guidance for net revenues and adjusted EBITDA.
Adjusted diluted EPS $0.25 vs $0.23 (+8.7%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

APi Group Corp reported first quarter ended March 31, 2023 results: revenue $ 1,614, net income $ 26, EPS $ 0.05. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $ 1,614
Net income: $ 26
EPS: $ 0.05
Guidance: raised
Result: reported results

Exact text from the filing

us to raise our full year guidance for the business." First Quarter 2023 Consolidated Results: For the Three Months Ended March 31, 2023 2022 Y/Y Y/Y (FFX) (a) Net revenues $ 1,614 $ 1,471 9.7 % 12.1 % Organic net revenue growth (b) 12.1 % GAAP Gross profit $ 425 $ 376 13.0 % Gross margin 26.3 % 25.6 % + 70 bps Net income (loss) $ 26 $ (7 ) NM Diluted EPS $

View on SEC.gov

Browse all earnings releases →

APi Group Corp filing history →

Source: SEC EDGAR

accession 0000950170-23-017465

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.