earnings
confidence high
sentiment positive
materiality 0.85
APi Group Q2 net rev $2.25B (+13.3% YoY), adj EBITDA $311M (+14.3%), raises FY guidance
APi Group Corp
- Record Q2 net revenues $2,254M, up 13.3% (10.1% organic); net income $99M (+28.6%).
- Adjusted EBITDA $311M, margin 13.8% (+10 bps); adjusted diluted EPS $0.44 (+12.8%).
- Safety Services net rev $1,482M (+8.8%); Specialty Services $773M (+22.9% organic 22.0%).
- FY 2026 guidance raised: net rev $8,875-$9,025M (prev $8,660-$8,860M); adj EBITDA $1,205-$1,245M.
- Record backlog exceeds $5B; management cites strong momentum and disciplined M&A execution.