APi Group Q3 net income +93% YoY to $54M; raises FY adjusted EBITDA guidance

APi Group Corp

2023-Q3 EPS reported $0.32 revenue$5,169,000,000

Q3 net revenues $1.78B (+2.8% YoY); net income $54M vs $28M; diluted EPS $0.15 vs $0.06.
Adjusted EBITDA $224M (+20.4%); adjusted EBITDA margin 12.6% (+190bps YoY).
First nine months net revenues record $5.2B (+~7% reported and organic); double-digit core inspection growth.
Raising bottom end of full year adjusted EBITDA guidance; 13%+ margin target reiterated for 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

APi Group Corp updated its the three and nine months ended September 30, 2023 guidance (raised).

Period: the three and nine months ended September 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On November 2, 2023, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-036207

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