APi Group Reports Strong Q1 2025 Financial Results

Api Group Corporation ( (APG) ) has released its Q1 earnings. Here is a breakdown of the information Api Group Corporation presented to its investors.

APi Group Corporation is a global provider of business services, specializing in fire and life safety, security, elevator and escalator, and specialty services, with a significant recurring revenue base and over 500 locations worldwide.

In its first quarter of 2025, APi Group Corporation reported record net revenues of $1.7 billion, marking a 7.4% year-over-year growth, with notable double-digit growth in North American Safety Services inspection revenues. The company also achieved record adjusted EBITDA of $193 million, reflecting a margin expansion of 30 basis points.

Key financial highlights include a reported net income of $35 million and an adjusted net income of $104 million, alongside a diluted EPS of $0.11 and an adjusted diluted EPS of $0.37. The company repurchased $75 million of common stock and announced a new $1 billion share repurchase program. Additionally, APi Group plans to unveil new long-term financial targets at its upcoming Investor Day.

The Safety Services segment saw a 13.4% increase in net revenues, driven by acquisitions and pricing improvements, while the Specialty Services segment experienced a 6.8% decline due to anticipated decreases in project and service revenues. Despite these mixed results, APi Group increased its full-year 2025 guidance for net revenue and adjusted EBITDA.

Looking ahead, APi Group remains focused on sustainable shareholder value, aiming for adjusted EBITDA margins of 13% or more in the near term. The company’s robust backlog, variable cost structure, and diverse global market presence position it well to navigate market dynamics and achieve its strategic goals.