{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-007968","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2025-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.904423+00:00","generated_at":"2026-05-26T03:48:41.811836+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-007968","json":"https://secwatch.observer/filing/0001628280-25-007968.json","markdown":"https://secwatch.observer/filing/0001628280-25-007968.md","text":"https://secwatch.observer/filing/0001628280-25-007968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/0001628280-25-007968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/apg-20250226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T03:48:41.811836+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"}