{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-019803","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.156773+00:00","generated_at":"2026-06-03T00:47:06.969825+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"APi Group posts record Q1 net income of $45M (+73% YoY); acquires Elevated Facility Services Group","bullets":["Net income $45M vs $26M YoY; adjusted EBITDA $175M (+19%); adjusted diluted EPS $0.34 vs $0.25.","Revenue $1.601B down 0.8% YoY, but gross margin expanded 440 bps to 30.7%.","Retired all outstanding Series B Preferred Stock, simplifying capital structure.","Agreed to acquire Elevated Facility Services Group, entering adjacent service market; no deal value disclosed.","Reaffirmed long-term targets: 13%+ adjusted EBITDA margin by 2025 and '13/60/80' goals."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-019803","json":"https://secwatch.observer/filing/0001628280-24-019803.json","markdown":"https://secwatch.observer/filing/0001628280-24-019803.md","text":"https://secwatch.observer/filing/0001628280-24-019803.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000162828024019803/0001628280-24-019803-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000162828024019803/apg-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:47:06.969825+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":[{"claim_id":"e33970b30aab1c9505d79849957e99e90bab3206","claim":"APi Group Corp reported the three months ended March 31, 2024 results: revenue $1,601, net income $45 million, EPS $(1.34).","evidence_excerpt":"First Quarter 2024 Consolidated Results: Three Months Ended March 31, 2024 2023 Y/Y Y/Y (FFX) (a) Net revenues $ 1,601 $ 1,614 (0.8) % (1.2) % Organic net revenue growth (b) (1.4) % GAAP Gross profit $ 492 $ 425 15.8 % Gross margin 30.7 % 26.3 % + 440 bps Net income $ 45 $ 26 73.1 % Diluted EPS $ (1.34) $ 0.05 NM","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1796209/000162828024019803/0001628280-24-019803-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$1,601"},{"label":"Net income","value":"$45 million"},{"label":"EPS","value":"$(1.34)"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}