APi Group Reports Record Q1 Results, Exceeds Estimates, and Raises Full-Year Guidance
APG sits 99% above its 52-week low of $24.46.
Summary
APi Group Corp announced record first-quarter financial results, including strong revenue and profit growth, and raised its full-year guidance for net revenues and adjusted EBITDA.
Key Events · Earnings and Guidance · APG
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Record First Quarter Financial Performance
APi Group reported record Q1 2026 net revenues of $2.0 billion, a 15.3% increase year-over-year, with net income growing 62.9% to $57 million and adjusted EBITDA increasing 21.8% to $235 million.
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Strong Organic Revenue Growth and Margin Expansion
The company achieved 10.4% organic net revenue growth and expanded its adjusted EBITDA margin by 70 basis points to 11.9%, driven by strength across both Safety Services and Specialty Services segments.
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Raised Full-Year 2026 Guidance
APi Group increased its full-year 2026 guidance, now expecting net revenues between $8,475 million and $8,675 million, and adjusted EBITDA between $1,150 million and $1,210 million.
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Strategic Acquisition Progress
The CEO highlighted the closing of the CertaSite acquisition and the signing of Wtech and Onyx transactions, representing over $1 billion in investments to expand the Safety Services segment.
Analysis · APG · Trade & Services
APi Group Corp delivered exceptionally strong first-quarter results, surpassing analyst estimates with significant year-over-year growth in net revenues, net income, and adjusted EBITDA. The company's ability to achieve double-digit organic revenue growth and expand adjusted EBITDA margins demonstrates robust operational performance. Furthermore, the decision to raise full-year guidance for both net revenues and adjusted EBITDA signals management's increased confidence in sustained momentum. This positive financial performance, coupled with the strategic advancement of over $1 billion in acquisitions, positions the company favorably, especially as its stock trades near its 52-week high, suggesting potential for further upside.
At the time of this filing, APG was trading at $48.72 on NYSE in the Trade & Services sector, with a market capitalization of approximately $21.2B. The 52-week trading range was $24.46 to $49.63. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.