The earnings call for APi Group's Q2 2025 results was largely positive, with significant revenue growth, strong performance in key segments, and a robust M&A strategy. However, there were challenges related to margin declines in the Specialty Services segment due to rising material costs and weather impacts. Overall, the company's financial position remains strong, with an optimistic outlook for the remainder of the year.

Company Guidance

During APi Group's second quarter 2025 financial results call, the company provided an optimistic outlook, highlighting a record backlog surpassing $4 billion and strong top-line growth of 15%. The call detailed a shift in focus towards new long-term financial targets, dubbed the 10/16/60+ framework, aiming for $10 billion in net revenues by 2028, a 16%+ adjusted EBITDA margin, and $3 billion in cumulative adjusted free cash flow. The company experienced organic growth of 8.3% and adjusted EBITDA growth of 17.7% year-over-year. APi Group expects full-year net revenues between $7.65 billion and $7.85 billion, with adjusted EBITDA projected to be between $1.005 billion and $1.045 billion. The guidance also accounted for recent M&A activity, with seven acquisitions completed year-to-date and plans to deploy approximately $250 million in accretive acquisitions throughout the year. The company emphasized its strong safety services performance, with consistent margin expansion, and a focus on inspection, service, and monitoring revenues.

Record-Breaking Revenue and Growth

APi Group reported a 15% increase in net revenues for Q2 2025, reaching $2 billion compared to $1.73 billion in the prior year period. Organic growth was 8.3%, driven by strong project revenue growth, pricing improvements, and growth in inspection, service, and monitoring revenues.

Safety Services Segment Performance

Safety Services reported a 15.8% increase in revenues to $1.36 billion with organic growth of 5.6%. The North American Safety business achieved double-digit inspection growth for the 20th consecutive quarter, and segment earnings increased by 22.1%.

Specialty Services Return to Growth

Specialty Services returned to growth with 13.3% organic revenue growth. The backlog in this segment contributed to record levels, surpassing $4 billion for the first time in APi's history.

Increased M&A Activity

APi completed 6 acquisitions in Q2, including an elevator business, and is on track to deploy approximately $250 million in accretive bolt-on M&A at attractive multiples this year.

Strong Financial Position and Guidance Increase

The company raised its full year revenue and EBITDA guidance, expecting net revenues of $7.65 billion to $7.85 billion and adjusted EBITDA of $1.005 billion to $1.045 billion, reflecting an improved business outlook.

APi Group (APG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

APG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.39 / -	0.34	―	―	―
Jul 31, 2025	2025 (Q2)	0.37 / 0.39	0.327	19.27% (+0.06)
May 01, 2025	2025 (Q1)	0.24 / 0.25	0.227	8.81% (+0.02)
Feb 26, 2025	2024 (Q4)	0.33 / 0.34	0.293	16.04% (+0.05)
Oct 31, 2024	2024 (Q3)	0.34 / 0.34	0.32	6.25% (+0.02)
Aug 01, 2024	2024 (Q2)	0.32 / 0.33	0.273	19.78% (+0.05)
May 02, 2024	2024 (Q1)	0.22 / 0.23	0.167	35.93% (+0.06)
Feb 28, 2024	2023 (Q4)	0.28 / 0.29	0.24	22.08% (+0.05)
Nov 02, 2023	2023 (Q3)	0.30 / 0.32	0.247	29.55% (+0.07)
Aug 03, 2023	2023 (Q2)	0.27 / 0.27	0.247	10.53% (+0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

APG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$34.42	$36.07	+4.79%
May 01, 2025	$25.22	$26.89	+6.62%
Feb 26, 2025	$26.75	$26.67	-0.30%
Oct 31, 2024	$22.14	$22.76	+2.80%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does APi Group Corporation (APG) report earnings?

APi Group Corporation (APG) is schdueled to report earning on Oct 30, 2025, TBA (Confirmed).

What is APi Group Corporation (APG) earnings time?

APi Group Corporation (APG) earnings time is at Oct 30, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is APG EPS forecast?

APG EPS forecast for the fiscal quarter 2025 (Q3) is 0.39.

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