secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2025-02-26T23:59:59+00:00
Accession:  0001628280-25-007968
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/0001628280-25-007968-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828025007968/apg-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-007968

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