secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000950170-23-017465
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000095017023017465/0000950170-23-017465-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000095017023017465/apg-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017465

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer