---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-043665"
form_type: "8-K"
ticker: "APG"
cik: "0001796209"
company_name: "APi Group Corp"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:11:14.102346+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# APi Group guides 2023 revenue $6.8-6.95B, EBITDA $735-775M; prelim 2022 at high end

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-043665
- form_type: 8-K
- ticker: APG
- cik: 0001796209
- company_name: APi Group Corp
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1796209/000119312523043665/0001193125-23-043665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1796209/000119312523043665/d405897d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-043665
- JSON: https://secwatch.observer/filing/0001193125-23-043665.json
- Plain text: https://secwatch.observer/filing/0001193125-23-043665.txt

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