Highest-materiality recent filing
APi Group closes $500M 5.75% notes due 2034; revolver upsized to $1B
Revolver commitments increased from $750M to $1.0B; maturity extended to May 14, 2031.
APi Group prices $500M 5.75% senior notes due 2034; also amending credit facility
Launched $500M senior unsecured notes offering, priced at 5.75% due 2034, at par.
APi Group reports record Q1 net revenues of $2.0B; raises FY2026 guidance
Net revenues $1,982M (+15.3% YoY); organic growth 10.4%; record quarter.
Record Q4 net revenues of $2,117M (+14% YoY, +11% organic); Q4 adj EBITDA $295M (+22%), margin 13.9% (+90 bps).
APi Group pre-announces 2025 beat; 2026 revenue guidance $8.4B-$8.6B, EBITDA $1.14B-$1.2B
2025 net revenue expected comfortably above $7,825M-$7,925M; adjusted EBITDA above $1,015M-$1,045M midpoint.
APi Group acquires CertaSite, reaffirms FY2025 guidance at or above midpoint
Acquisition of CertaSite, an inspection-first fire/life safety provider in the Midwest; expected close Q1 2026.
APi Group reports record Q3 revenue $2.1B (+14.2% YoY); raises full-year guidance
Record Q3 net revenues of $2,085M, up 14.2% YoY (organic +9.7%); net income $93M (+34.8%).
APi Group Q2 net rev $2.0B (+15% YoY); adj EBITDA $272M (+17.7%); raises FY outlook
Record Q2 net revenues $2.0B, +15% YoY (organic +8.3%); adjusted EBITDA margin 13.7% (+30bps).
APi Group sets new 2028 targets ($10B+ revenue, 16%+ margin) and 3-for-2 stock split
New 10/16/60+ framework: $10B+ net revenues, 16%+ adjusted EBITDA margin, 60%+ rev from inspection/service by 2028.
Shareholders approved amendment to increase authorized common stock from 500M to 1B shares (effective May 16, 2025).
APi Group posts record Q1 revenue $1.7B; raises FY2025 guidance, announces $1B buyback
Q1 total net revenue $1,719M (+7.4% YoY); organic growth 1.9%. Reported net income $35M.
APi Group reports record Q4 revenue $1.86B, net income up 168%; FY2025 guidance $7.3-7.5B revenue
Q4 net revenues $1,861M (+5.8% YoY); net income $67M (+168%); adjusted EBITDA $242M (+16.3%).
APi Group guides 2025 revenue $7.3-7.5B, adj. EBITDA $970-1,020M; reprices term loan
2024 net revenue expected above prior guide of ~$7B; adjusted EBITDA in-line with $890-900M range (pre-FX).
APi Group CFO Kevin Krumm resigns effective Dec 13; David Jackola named interim CFO
Kevin Krumm resigns as CFO effective December 13, 2024 to pursue another professional opportunity.
APi Group Q3 adjusted EBITDA record $245M; cuts FY revenue guidance to ~$7.0B
Net revenues $1.826B (+2.4% yoy), organic decline 0.2%; adjusted EBITDA $245M (+9.4%), margin 13.4%.
APi Group Q2 2024: Record net income $69M, adj EBITDA $231M, margin 13.4%; reaffirm FY guidance
Net revenues $1.73B (-2.3% reported, -3.1% organic); adjusted gross margin up 340 bps to 31.7%.
APi Group closes $570M acquisition of Elevated Facility Services, raises FY guidance
Acquired Elevated Facility Services Group for ~$570M from L Squared Capital Partners.
APi Group completes $2.26B term loan refinancing; margin cut by 50 bps, saves $12M/year
Issued ~$2,257M incremental term loans due 2029 to refinance $1,707M existing term loans, $330M term loans due 2026, and $100M revolver.
APi Group posts record Q1 net income of $45M (+73% YoY); acquires Elevated Facility Services Group
Net income $45M vs $26M YoY; adjusted EBITDA $175M (+19%); adjusted diluted EPS $0.34 vs $0.25.
On and effective as of March 28, 2025, the Board of Directors of the Company approved the appointment of Mr. Jackola as the Company’s Executive Vice President and Chief Financial Officer.
the Company also announced that David Jackola will serve as Interim Chief Financial Officer upon Krumm’s departure and until a successor is named.
On November 22, 2024, APi Group Corporation (the “Company”) announced that Kevin Krumm, Executive Vice President and Chief Financial Officer, has resigned and will leave the Company effective December 13, 2024 to pursue another professional opportunity.
Max materiality 0.85 · Median 0.75 · Most common event earnings