{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-011397","form_type":"8-K","ticker":"APG","cik":"0001796209","company_name":"APi Group Corp","filed_at":"2026-02-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.207972+00:00","generated_at":"2026-05-16T00:25:05.298492+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"APi Group posts record Q4 revenue $2.1B (+14% YoY), adj EBITDA $295M (+22%); 2026 guidance above expectations","bullets":["Record Q4 net revenues of $2,117M (+14% YoY, +11% organic); Q4 adj EBITDA $295M (+22%), margin 13.9% (+90 bps).","Full year 2025 adj EBITDA $1,041M (+16.6%), margin 13.2% (above 13% target); adj free cash flow $836M (80% conversion).","Safety Services Q4 segment earnings margin 17.5% (record), +110 bps YoY; Specialty Services Q4 rev +20.7% but FY margin -70 bps.","Initial 2026 guidance: net rev $8.4-8.6B, adj EBITDA $1.14-1.2B, adj FCF conversion ~115% on adjusted net income.","Net leverage ratio 1.6x; company targets new '10/16/60+' financial goals for 2026 and beyond."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-011397","json":"https://secwatch.observer/filing/0001628280-26-011397.json","markdown":"https://secwatch.observer/filing/0001628280-26-011397.md","text":"https://secwatch.observer/filing/0001628280-26-011397.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1796209/000162828026011397/0001628280-26-011397-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1796209/000162828026011397/apg-20260225.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T00:25:05.298492+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"}