APG Earnings Prediction
The chart below shows how APG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, APG sees a -0.92% change in stock price 10 days leading up to the earnings, and a +0.91% change 10 days following the report. On the earnings day itself, the stock moves by -1.03%. This data can give you a slight idea of what to expect for the next quarter's release.
APG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.83B
2.35%
5.55%
Gross Margin
31.05%
8.41%
-1.27%
Operating Margin
8.05%
1.90%
-1.23%
Net Margin
3.78%
24.75%
-5.26%
EPS
0.25
56.25%
0.00%
No Data Available
APG Earnings Analysis
APi Group Corporation Corporation (APG.N) Earnings Conference Call
Positive
Revenue Increase Driven by Services: Reported revenues for the three months ended September 30 increased by 2.4% to $1.83 billion compared to $1.78 billion in the prior year period, driven by strong organic growth in service revenues of 9% in our Safety Services segment.
Gross Margin Improvement: Adjusted gross margin for the three months ended September 30 grew to 31%, representing a 200 basis point increase compared to the prior year period, driven by price increases and improved business mix in inspection, service and monitoring revenues.
Adjusted EBITDA Growth: Adjusted EBITDA increased by 9.4% for the three months ended September 30, with an adjusted EBITDA margin coming in at 13.4%, representing an 80 basis point increase compared to the prior year period.
Revenue Increase Report: Safety Services reported revenues for the three months ended September 30 increased by 9.7% to $1.34 billion compared to $1.22 billion in the prior year, led by the US Life Safety businesses, which posted double-digit organic growth in inspection revenues.
Backlog Growth and Demand: The backlog is up roughly 5% organically year-over-year, indicating strong demand and a healthy pipeline of projects, which gives confidence in future revenue growth.
Negative
Revenue Increase Analysis: Reported revenues for the three months ended September 30 increased by 2.4% to $1.83 billion compared to $1.78 billion in the prior year period, driven by strong organic growth in service revenues of 9% in our Safety Services segment and modest benefits from favorable foreign currency exchange rates and M&A.
Specialty Services Decline: This was partially offset by a 7.7% organic decline in our Specialty Services segment.
Flat Revenue Performance: On an organic basis, total company revenues were essentially flat for the quarter.
Gross Margin Improvement: Adjusted gross margin for the three months ended September 30 grew to 31%, representing a 200 basis point increase compared to the prior year period, driven by price increases outside growth in higher-margin services revenue, margin expansion for both project and service revenues, as well as Chubb value captures savings.
Earnings Per Share Increase: Adjusted diluted earnings per share for the third quarter was $0.51 per share, representing a $0.03 per share or 6.3% increase compared to the prior year period.
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APG Earning Call Sentiment
APi Group Corporation (APG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
APG.N
0.65%Positive
The earnings call summary reflects a positive outlook with record revenues, strong organic growth in Safety Services, and expanded margins. Despite some project delays, management is optimistic about recovery and backlog management. The Q&A section supports confidence in M&A opportunities and sustained growth. The $400 million share repurchase authorization is another positive factor. While there are some economic uncertainties and regulatory challenges, the overall sentiment is positive, especially with strong adjusted EBITDA growth and strategic initiatives in place.
