APi Group (NYSE:APG) Issues Earnings Results

APi Group (NYSE:APG) released its quarterly earnings data on Thursday. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, FiscalAI reports. APi Group had a return on equity of 37.63% and a net margin of 3.85%.The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted $0.39 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year.

Here are the key takeaways from APi Group’s conference call:

• Q2 results exceeded expectations, with revenue up 13.3% to $2.25 billion, organic growth of 10.1%, adjusted EBITDA up 14.3%, and adjusted EPS rising 12.8% to $0.44.
• Management raised full-year 2026 guidance to $8.875–$9.025 billion of revenue and $1.205–$1.245 billion of adjusted EBITDA, reflecting confidence in continued demand and a strong second-half outlook.
• Specialty Services delivered 22% organic growth and a 60-basis-point increase in segment earnings margin, while companywide backlog surpassed $5 billion for the first time; data centers remained a major growth driver.
• Cash generation and the balance sheet remain strong, with $228 million of adjusted free cash flow year to date, 2.2x net leverage, a $66 million share repurchase, and continued capacity for acquisitions and reinvestment.
• International Safety Services was flat for the quarter, affected by Middle East-related macro pressure, project delays, and pruning of lower-performing customers; management expects improvement but acknowledged that further work is needed to shift the business toward recurring service revenue.

APi Group Stock Performance

Shares of NYSE:APG traded up $0.84 during trading on Friday, reaching $40.04. The stock had a trading volume of 1,089,391 shares, compared to its average volume of 2,870,896. The stock has a fifty day simple moving average of $41.35 and a two-hundred day simple moving average of $42.72. The company has a quick ratio of 1.36, a current ratio of 1.44 and a debt-to-equity ratio of 0.79. APi Group has a 52 week low of $33.40 and a 52 week high of $49.99. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of -56.25, a P/E/G ratio of 2.25 and a beta of 1.60.

Insider Activity

In other APi Group news, Director Martin E. Franklin sold 2,000,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $42.08, for a total transaction of $84,160,000.00. Following the completion of the transaction, the director owned 19,240,426 shares of the company’s stock, valued at $809,637,126.08. The trade was a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony E. Malkin sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $42.47, for a total transaction of $297,290.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 3,451,000 shares of company stock valued at $149,194,935. 18.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP lifted its stake in shares of APi Group by 40.2% in the third quarter. Durable Capital Partners LP now owns 14,898,178 shares of the company’s stock valued at $512,050,000 after buying an additional 4,274,610 shares during the period. State Street Corp increased its stake in APi Group by 50.6% during the third quarter. State Street Corp now owns 10,771,776 shares of the company’s stock valued at $370,226,000 after acquiring an additional 3,620,931 shares during the period. Invesco Ltd. raised its holdings in APi Group by 224.6% in the 3rd quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock valued at $175,627,000 after acquiring an additional 3,535,682 shares in the last quarter. Third Point LLC bought a new stake in shares of APi Group in the 4th quarter worth approximately $114,780,000. Finally, Progeny 3 Inc. lifted its position in shares of APi Group by 50.0% in the 3rd quarter. Progeny 3 Inc. now owns 3,540,787 shares of the company’s stock worth $121,697,000 after acquiring an additional 1,180,262 shares during the period. Institutional investors own 86.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APG. Truist Financial set a $55.00 price target on shares of APi Group and gave the stock a “buy” rating in a research report on Friday, May 1st. UBS Group set a $52.00 price objective on shares of APi Group in a research note on Monday, July 20th. Wall Street Zen upgraded shares of APi Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded APi Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Barclays restated an “overweight” rating and issued a $54.00 price objective (up from $52.00) on shares of APi Group in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, APi Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

APi Group Company Profile

APi Group Corp. is a global specialty contractor that provides fire protection, security, mechanical insulation and energy services to commercial, industrial and institutional clients. Headquartered in New Brighton, Minnesota, the company designs, installs, inspects, tests, maintains and repairs a wide range of safety and infrastructure systems. Through its network of operating subsidiaries, APi Group delivers end-to-end solutions for new construction, facility renovations and ongoing maintenance requirements.

Its service portfolio spans life safety and industrial services—such as fire suppression systems, fire alarms and emergency lighting—and specialized offerings including technical insulation, access solutions, passive fire protection and energy efficiency upgrades.