Consensus for 2022 revenue is $6.48B. Russ Becker, APi’s President and Chief Executive Officer stated: "2022 was another year of record financial results for APi. Our continued ability to deliver on our commitments is a testament to the resiliency of our leaders and the benefits of our relentless focus on growing high margin, inspection, service and monitoring revenue combined with our ability to mitigate margin pressures through pricing initiatives, disciplined cost controls and operational improvements to offset macro headwinds such as the COVID-19 pandemic, supply chain disruptions, inflation and foreign exchange rates. Additionally, our strong free cash flow generation has allowed APi to finish the year with a net debt to adjusted EBITDA ratio of less than 3.3x (calculated pursuant to terms of existing debt agreements) and last month gave us the opportunity to further reduce Term Loan debt by $200M as announced on January 12, 2023".
Published first on TheFly
