Api Group Corporation (APG)
NYSE:APG
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Earnings Data
Report Date
Jul 30, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.44Last Year’s EPS
0.39Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call portrayed strong operational momentum and financial performance: double-digit reported revenue growth (15.3%), healthy organic growth (10.4%), robust Specialty and Safety segment performance, meaningful adjusted EBITDA and EPS expansion, improved guidance, strong free cash flow generation and a conservative leverage position (net debt/EBITDA ~1.8x). Management is actively executing accretive M&A (> $1B announced) and advancing systems integration. Key headwinds include mix-driven gross margin pressure (adjusted gross margin down 40 bps), input-cost inflation, FX headwinds, and the need to finance pending acquisitions which will temporarily affect leverage; free cash flow conversion in Q1 was below the company target though full-year expectations remain intact. On balance, positives (growth, margin expansion, cash generation, raised guidance, strategic M&A and low leverage) materially outweigh the manageable risks and near-term mix/FX pressures.Company Guidance
Strong Top-Line Growth
Reported net revenues of $1.98 billion, up 15.3% year-over-year, with organic revenue growth of 10.4% driven by inspection, service & monitoring, project revenues and pricing.
Segment Outperformance — Specialty Services
Specialty Services net revenues of $569 million, up 25.6% (24.8% organic). Segment earnings increased 34.5% and segment margin expanded 50 basis points to 6.9%.
Segment Strength — Safety Services
Safety Services net revenues of $1.42 billion, up 11.7% (5.4% organic). Segment earnings grew 15.6% (11.7% constant currency) and segment margin expanded 60 basis points to 16.3%.
Margin and Profitability Expansion
Adjusted EBITDA grew 21.8% (18.1% on a fixed currency basis) to an 11.9% margin, representing a 70 basis point year-over-year expansion.
Earnings and Cash Flow Improvement
Adjusted diluted EPS of $0.32, up $0.07 (28%). Adjusted free cash flow of $125 million, up $39 million versus prior year, with FCF conversion of 88% on adjusted net income and a stated full-year conversion target of ~115%.
Strong Balance Sheet and Leverage
Net leverage ratio approximately 1.8x at quarter end, significantly below long-term target (2.5–3.0x), providing flexibility for M&A and capital deployment.
Raised Full-Year Guidance
Full-year net revenues guidance increased to $8.475B–$8.675B (organic growth 5%–7%). Adjusted EBITDA guidance increased to $1.15B–$1.21B (13.8% margin at midpoint), reflecting strong start to the year.
Active and Strategic M&A
Closed acquisition of CertaSite and announced agreements to acquire Wtech (Ireland/Europe) and Onyx (Canada), plus four bolt-ons; >$1 billion of investment announced and intent to deploy ~$250 million in bolt-on M&A this year. Company notes these deals are accretive to its 10/16/60+ targets.
Operational Progress — Systems & Backlog
Systems and business enablement pilot went live, backlog described as robust and healthy, and continued momentum in inspection, service and monitoring revenue streams.
Data Center Opportunity
Company expects data center-related revenues to represent roughly 10%–11% of sales by year-end, with a robust funnel and selective pursuit of projects that drive recurring inspection/service opportunities.
APG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
APG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $48.66 | $45.72 | -6.04% |
Feb 25, 2026 | $44.99 | $44.76 | -0.51% |
Oct 30, 2025 | $34.46 | $35.07 | +1.77% |
Jul 31, 2025 | $34.42 | $36.07 | +4.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Api Group Corporation (APG) report earnings?
Api Group Corporation (APG) is schdueled to report earning on Jul 30, 2026, TBA (Confirmed).
What is Api Group Corporation (APG) earnings time?
Api Group Corporation (APG) earnings time is at Jul 30, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is APG EPS forecast?
APG EPS forecast for the fiscal quarter 2026 (Q2) is 0.44.