secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-033886
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group Q2 2024: Record net income $69M, adj EBITDA $231M, margin 13.4%; reaffirm FY guidance
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- Net revenues $1.73B (-2.3% reported, -3.1% organic); adjusted gross margin up 340 bps to 31.7%.
- Safety Services revenue +4.4% (1.5% organic) to $1.28B; adj EBITDA margin 15.7% (+270 bps).
- Specialty Services revenue -18.4% to $453M; adj EBITDA margin up 130 bps to 13.7%.
- Full-year guidance: net revenue $7.15-7.35B, adj EBITDA $885-915M, FCF conversion ~70%.
- Diluted EPS $0.22 ($0.49 adjusted), up 83% and 19.5% YoY respectively.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024033886/0001628280-24-033886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024033886/apg-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033886

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer