{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-005454","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2024-02-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.561735+00:00","generated_at":"2026-06-05T23:17:19.574492+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"APi Group beats 2023 guidance, guides 2024 revenue $7.05-7.25B, EBITDA $855-905M","bullets":["2023 net revenue and adjusted EBITDA expected above midpoint of $6,925M and $780M, respectively.","Net leverage ratio of ~2.3x (below 2.5x); adjusted free cash flow conversion exceeded 65% target.","2024 guidance: net revenue $7,050M-$7,250M, adjusted EBITDA $855M-$905M; double-digit core inspection growth.","Reaffirms 2025 goal of 13%+ adjusted EBITDA margin through service mix and procurement savings.","Strong balance sheet enables acceleration of bolt-on M&A strategy."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-005454","json":"https://secwatch.observer/filing/0001628280-24-005454.json","markdown":"https://secwatch.observer/filing/0001628280-24-005454.md","text":"https://secwatch.observer/filing/0001628280-24-005454.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000162828024005454/0001628280-24-005454-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000162828024005454/apg-20240220.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T23:17:19.574492+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}