APi Group (NYSE:APG) Releases Earnings Results, Beats Estimates By $0.03 EPS

APi Group (NYSE:APG) issued its quarterly earnings data on Thursday. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.47 by $0.03, Zacks reports. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.40 billion. APi Group had a return on equity of 37.59% and a net margin of 3.99%. APi Group’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share.

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

• Record Q3 performance: Revenue rose 22.5% to $2.55 billion, including 15.7% organic growth, while adjusted EBITDA increased 24.6% and margin expanded 20 basis points to 13.7%. Adjusted EPS grew 22% to $0.50.
• Strong demand and backlog: Backlog surpassed $5 billion and continues to grow across data centers, semiconductors, advanced manufacturing, healthcare, and critical infrastructure. Management said project activity remains robust, with no meaningful delays or cancellations and improving pricing on new work.
• Guidance raised again: APi increased 2026 revenue guidance to $9.20–$9.25 billion and adjusted EBITDA guidance to $1.235–$1.255 billion, implying approximately 11% organic revenue growth and 20% adjusted EBITDA growth at the midpoint.
• M&A and capital returns remain active: The company closed 13 transactions year to date, including several larger acquisitions, and remains on track for $250 million of bolt-on spending in 2026. APi repurchased $252 million of shares through Q3 and an additional $143 million in Q4, with about $607 million remaining under authorization.
• Near-term margins face mix and cost pressure: Adjusted gross margin declined 120 basis points due to heavier project mix and higher material, fuel, and other costs, although operating leverage still drove EBITDA margin expansion. Management expects margins to improve as higher-priced backlog converts and acquired businesses become integrated, while clarifying that it has not yet issued formal 2027 guidance.

APi Group Price Performance

Shares of NYSE:APG traded up $3.52 during midday trading on Thursday, reaching $44.86. 2,824,300 shares of the company were exchanged, compared to its average volume of 2,916,618. The company has a current ratio of 1.39, a quick ratio of 1.32 and a debt-to-equity ratio of 0.91. The business’s fifty day moving average is $39.54 and its two-hundred day moving average is $41.90. APi Group has a one year low of $34.02 and a one year high of $49.99. The stock has a market cap of $19.39 billion, a PE ratio of -66.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.57.

Key Stories Impacting APi Group

Here are the key news stories impacting APi Group this week:

• Positive Sentiment: Third-quarter results exceeded expectations: APi reported adjusted earnings of $0.50 per share, above the $0.47 analyst consensus and up from $0.41 a year earlier. Revenue reached $2.55 billion, beating the $2.40 billion estimate and rising 22.5% year over year. APi Group third-quarter earnings results
• Positive Sentiment: Record quarter and improved profitability: Management highlighted double-digit organic growth and adjusted EBITDA margin expansion, suggesting that APi is growing while converting more revenue into operating profit. APi Group reports record third-quarter results
• Positive Sentiment: Full-year outlook raised: APi increased its 2026 guidance, providing investors with greater confidence that strong demand and recent operating momentum can continue through the remainder of the year. APi Group raises full-year guidance
• Positive Sentiment: Broadly positive investor read-through: Earnings coverage confirmed that both adjusted earnings and revenue surpassed Wall Street estimates, reinforcing the view that APi’s growth trajectory is stronger than previously expected. APi tops third-quarter estimates

Wall Street Analyst Weigh In

APG has been the topic of several analyst reports. Weiss Ratings upgraded APi Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 21st. Wall Street Zen lowered shares of APi Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Robert W. Baird set a $47.00 price objective on shares of APi Group in a research note on Friday, July 31st. UBS Group set a $52.00 price objective on shares of APi Group in a research report on Monday, July 20th. Finally, Citigroup restated a “buy” rating and set a $55.00 target price (up from $54.00) on shares of APi Group in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, APi Group presently has an average rating of “Buy” and a consensus target price of $52.71.

Insiders Place Their Bets

In other APi Group news, Director James Lillie sold 285,000 shares of APi Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $39.84, for a total value of $11,354,400.00. Following the sale, the director directly owned 8,952,350 shares in the company, valued at approximately $356,661,624. The trade was a 3.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ian Ashken sold 85,072 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $40.36, for a total transaction of $3,433,505.92. Following the completion of the sale, the director owned 9,177,284 shares in the company, valued at approximately $370,395,182.24. The trade was a 0.92% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 660,000 shares of company stock worth $26,353,682. 18.70% of the stock is currently owned by insiders.

About APi Group

APi Group Corporation (NYSE: APG) is a global provider of safety, specialty and industrial services. The company serves commercial, industrial and infrastructure customers through a network of operating businesses that provide services designed to protect people, property and critical assets.

APi Group’s offerings include fire protection and life-safety systems, security services, heating, ventilation and air-conditioning services, industrial maintenance, specialty contracting and infrastructure services.