Record Third Quarter Results
APi Group reported record third quarter results with a 14% increase in net revenues, approximately 10% organically. Strong growth was seen across both segments, with the Safety Services segment delivering a 9% organic growth and Specialty Services achieving 12% organic growth.
Significant M&A Activity
APi Group completed 4 bolt-on acquisitions in the quarter, totaling 11 for the year, with a plan to deploy approximately $250 million in bolt-on M&A at attractive multiples.
Strong Free Cash Flow Generation
Third quarter free cash flow generation was strong, with adjusted free cash flow at $248 million, up $21 million from the previous year, representing an 88% conversion rate.
Inspection and Monitoring Growth
The company experienced strong growth in inspection, service, and monitoring revenues with double-digit inspection growth in North America for the 21st straight quarter.
Improved Guidance for 2025
APi Group raised its full-year net revenue guidance to $7.825 billion - $7.925 billion and expects adjusted EBITDA of $1.015 billion - $1.045 billion, representing growth above previously stated targets.