APi Group (NYSE:APG) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

APi Group (NYSE:APG) announced its earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01, FiscalAI reports. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.20 billion. APi Group had a net margin of 3.99% and a return on equity of 37.59%. APi Group’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share.

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 Trading Up 1.6%

Shares of APG traded up $0.63 during mid-day trading on Friday, reaching $39.83. The company had a trading volume of 3,066,334 shares, compared to its average volume of 2,706,990. APi Group has a fifty-two week low of $33.40 and a fifty-two week high of $49.99. The firm has a fifty day simple moving average of $41.31 and a 200-day simple moving average of $42.70. The stock has a market cap of $17.26 billion, a price-to-earnings ratio of -59.45, a price-to-earnings-growth ratio of 2.29 and a beta of 1.60. The company has a current ratio of 1.39, a quick ratio of 1.36 and a debt-to-equity ratio of 0.91.

Insider Transactions at APi Group

In related news, Director Martin E. Franklin sold 2,000,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $42.08, for a total value of $84,160,000.00. Following the transaction, the director directly owned 19,240,426 shares of the company’s stock, valued at approximately $809,637,126.08. This trade represents a 9.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James E. Lillie sold 59,461 shares of APi Group stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $45.50, for a total value of $2,705,475.50. Following the completion of the transaction, the director owned 9,237,350 shares in the company, valued at $420,299,425. The trade was a 0.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 3,451,000 shares of company stock valued at $149,194,935. Corporate insiders own 18.70% of the company’s stock.

Institutional Trading of APi Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Durable Capital Partners LP raised its holdings in 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 grew 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 worth $370,226,000 after buying an additional 3,620,931 shares during the period. Invesco Ltd. increased its position in shares of APi Group by 224.6% in the third quarter. Invesco Ltd. now owns 5,109,902 shares of the company’s stock worth $175,627,000 after acquiring an additional 3,535,682 shares in the last quarter. Third Point LLC acquired a new stake in shares of APi Group in the fourth quarter worth $114,780,000. Finally, Progeny 3 Inc. raised its stake 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 valued at $121,697,000 after acquiring an additional 1,180,262 shares during the period. Institutional investors and hedge funds own 86.62% of the company’s stock.

Key Stories Impacting APi Group

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

• Positive Sentiment: Raised 2026 outlook: APi now forecasts 2026 net revenue of $8.875 billion to $9.025 billion and adjusted EBITDA of $1.205 billion to $1.245 billion, with the EBITDA outlook increased from its prior forecast. APi forecasts 2026 net revenues and raises adjusted EBITDA outlook
• Positive Sentiment: Solid Q2 performance: APi reported earnings of $0.44 per share, slightly above the $0.43 analyst consensus, while revenue reached $2.25 billion, ahead of the $2.20 billion estimate and up 13.3% year over year. APi Group second-quarter earnings report
• Positive Sentiment: Operating momentum continued: Management cited more than 10% organic revenue growth, year-over-year adjusted EBITDA margin expansion and continued strength in inspection, service and monitoring activities. Third-quarter revenue guidance of approximately $2.4 billion also exceeds the roughly $2.2 billion consensus estimate. APi Group reports record second-quarter results
• Neutral Sentiment: Results broadly met expectations: Zacks characterized the $0.44 EPS result as in line with its consensus estimate, meaning the positive reaction is driven more by revenue growth, margins and raised guidance than by a major earnings surprise. APi Q2 earnings match estimates

Analyst Ratings Changes

A number of research analysts have weighed in on APG shares. Barclays reissued an “overweight” rating and set a $54.00 price target (up from $52.00) on shares of APi Group in a research note on Thursday, May 7th. UBS Group set a $52.00 target price on APi Group in a research note on Monday, July 20th. Robert W. Baird set a $47.00 target price on APi Group in a research report on Friday. Wall Street Zen lowered APi Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings cut APi Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.50.

About APi Group

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.