secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001628280-24-044426
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group Q3 adjusted EBITDA record $245M; cuts FY revenue guidance to ~$7.0B
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- Net revenues $1.826B (+2.4% yoy), organic decline 0.2%; adjusted EBITDA $245M (+9.4%), margin 13.4%.
- Net income $69M (+28% yoy), diluted EPS $0.23; adjusted diluted EPS $0.51.
- Safety Services rev $1.335B (+9.7% reported, +3.1% organic); adjusted EBITDA margin 15.7%.
- Specialty Services rev $493M (-13.4%, organic -7.7%); adjusted EBITDA margin 13.6% vs 14.6%.
- FY guidance: net revenue ~$7.0B (down from $7.15-7.35B); adj EBITDA $890-900M; FCF ≥75% (prev ~70%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024044426/0001628280-24-044426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828024044426/apg-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044426

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