secwatch.observer — SEC 8-K summary
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Issuer:     APi Group Corp (APG)
CIK:        0001796209
Form:       8-K
Filed at:   2026-02-17T23:59:59+00:00
Accession:  0001628280-26-008320
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

APi Group pre-announces 2025 beat; 2026 revenue guidance $8.4B-$8.6B, EBITDA $1.14B-$1.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/0001628280-26-008320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1796209/000162828026008320/apg-20260217.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-008320

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer