earnings
confidence high
sentiment positive
materiality 0.70
APi Group guides 2023 revenue $6.8-6.95B, EBITDA $735-775M; prelim 2022 at high end
APi Group Corp
2022-FY EPS reported
$0.10
revenue$6,558,000,000
- Preliminary 2022 net revenue, adjusted EBITDA, and adjusted FCF expected at high end of Nov 3 guidance.
- 2023 net revenue guidance: $6,800M-$6,950M; adjusted EBITDA: $735M-$775M.
- Net debt to adjusted EBITDA <3.3x; reduced Term Loan debt by $200M in Jan 2023.
- Targeting net leverage 2.0-2.5x by year-end 2023; 13%+ adjusted EBITDA margin by 2025.
- Organic revenue growth in 2023 expected in line with historical performance.