{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-008320","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2026-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.207657+00:00","generated_at":"2026-05-16T02:30:04.778960+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 pre-announces 2025 beat; 2026 revenue guidance $8.4B-$8.6B, EBITDA $1.14B-$1.2B","bullets":["2025 net revenue expected comfortably above $7,825M-$7,925M; adjusted EBITDA above $1,015M-$1,045M midpoint.","Adjusted EBITDA margin above 13% target; adjusted free cash flow conversion in line with 80% target.","Net leverage ratio expected significantly below 2.0x, well under 2.5-3.0x target.","2026 guidance: net revenue $8,400M-$8,600M; adjusted EBITDA $1,140M-$1,200M (13.8% margin at midpoint).","Senior leadership participating in Citi and Barclays industrial conferences on Feb 17-18, 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-008320","json":"https://secwatch.observer/filing/0001628280-26-008320.json","markdown":"https://secwatch.observer/filing/0001628280-26-008320.md","text":"https://secwatch.observer/filing/0001628280-26-008320.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/0001628280-26-008320-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/apg-20260217.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:30:04.778960+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"}