earnings
confidence high
sentiment positive
materiality 0.75
APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue
APi Group Corp
2024-FY EPS reported
-$0.84
revenue$7,018,000,000
- Q4 net revenues $1,861M (+5.8% YoY); net income $67M (+168%); adjusted EBITDA $242M (+16.3%).
- Full-year 2024 adjusted EBITDA $893M (12.7% margin, +140bps), adjusted EPS $1.84 (+16.5%).
- Safety Services segment Q4 revenue +13.0% (organic +4.7%), segment earnings margin 16.0%.
- FY2025 guidance: net revenues $7.3-7.5B, adjusted EBITDA $970-1,020M, adjusted FCF conversion ~75%.
- Net leverage ratio ~2.2x, below target of 2.5x, providing capital allocation flexibility.