earnings
confidence high
sentiment positive
materiality 0.75
APi Group guides 2025 revenue $7.3-7.5B, adj. EBITDA $970-1,020M; reprices term loan
APi Group Corp
2024-FY EPS reported
-$0.84
revenue$7,018,000,000
- 2024 net revenue expected above prior guide of ~$7B; adjusted EBITDA in-line with $890-900M range (pre-FX).
- 2025 net revenue guide $7,300-7,500M (organic); adj. EBITDA $970-1,020M (13.4% margin at midpoint).
- Repriced Term Loan due 2029: margin reduced 25 bps, annual cash savings ~$5M.
- Repaid $100M on Dec 31, 2024; outstanding $2,157M; $1.84B swaps remain.
- Net leverage below 2.5x; Investor Day set for May 21, 2025.