---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017465"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:44:47.419483+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0000950170-23-017465
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000095017023017465/0000950170-23-017465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000095017023017465/apg-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017465
- JSON: https://secwatch.observer/filing/0000950170-23-017465.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017465.txt

## Key facts
- Earnings Releases
  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
  source text: 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 $
  evidence_url: https://www.sec.gov/Archives/edgar/data/1796209/000095017023017465/0000950170-23-017465-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.