Api Group Corporation ( (APG) ) has released its Q4 earnings. Here is a breakdown of the information Api Group Corporation presented to its investors.
APi Group Corporation is a global leader in business services, specializing in fire and life safety, security, elevator and escalator, and specialty services, with a strong recurring revenue base and over 500 locations worldwide. In its latest earnings report, APi Group Corporation announced record results for the fourth quarter and full year 2024, highlighting significant growth in net revenues, net income, and adjusted EBITDA. The company reported fourth-quarter net revenues of $1.9 billion, a 5.8% increase year-over-year, and a record net income of $67 million, representing a 168% growth. Adjusted EBITDA for the quarter was $242 million, marking a 16.3% increase from the previous year. For the full year, APi achieved net revenues of $7.018 billion and a net income of $250 million, with adjusted EBITDA reaching $893 million, reflecting a 14.2% growth. The company’s strong performance was driven by acquisitions, growth in inspection, service, and monitoring revenues, and pricing improvements, particularly in the Safety Services segment. Despite challenges in the Specialty Services segment, APi’s disciplined customer and project selection contributed to improved margins. Looking ahead, APi Group Corporation remains focused on expanding its inspection, service, and monitoring revenue streams while maintaining a strong balance sheet. The company anticipates continued growth in 2025, with projected net revenues between $7.3 billion and $7.5 billion and adjusted EBITDA ranging from $970 million to $1.02 billion. APi aims to enhance shareholder value by achieving its long-term financial targets and exploring capital allocation opportunities.