secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001628280-25-021336
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group posts record Q1 revenue $1.7B; raises FY2025 guidance, announces $1B buyback
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- Q1 total net revenue $1,719M (+7.4% YoY); organic growth 1.9%. Reported net income $35M.
- Adjusted EBITDA $193M (+10.3%), margin 11.2% (+30bps). Adjusted diluted EPS $0.37 (+8.8%).
- Safety Services revenue +13.4% (organic +5.6%), gross margin +90bps. Specialty Services revenue -6.8%.
- FY2025 guidance raised: net revenue $7.4-$7.6B (from $7.3-$7.5B); adjusted EBITDA $985-$1,035M.
- Board authorized new $1B share repurchase program; $75M stock repurchased in Q1 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828025021336/0001628280-25-021336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828025021336/apg-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-021336

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