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Investing.com -- APi Group Corporation (NYSE:APG) on Friday reported third-quarter results that exceeded analyst expectations, prompting the company to raise its full-year guidance.
The company posted third-quarter revenue of $2.085 billion, representing 14% year-over-year growth and surpassing consensus estimates of $2.007 billion. Adjusted EBITDA reached $281 million, also beating expectations of $276 million, though the 13.5% margin slightly missed the 13.7% consensus due to business mix factors.
APi Group’s organic growth was approximately 10% year-over-year, significantly outperforming expectations of 5.9%. The Safety segment delivered around 9% growth, while the Specialty segment achieved 11.6% organic growth, both exceeding forecasts.
Following these results, management raised its full-year 2025 guidance. The company now expects revenue between $7.825-7.925 billion, up from the previous $7.40-7.60 billion range. Adjusted EBITDA guidance was updated to $1.015-1.045 billion from the previous $1.005-1.045 billion.
The improved outlook reflects organic growth projections of 7-8% for the year, a substantial increase from the initial 2-5% forecast. This growth is being driven by execution of the company’s ISM strategy, increased sales hiring, project progression, and pricing improvements.
APi Group has completed four acquisitions during the quarter and eleven deals year-to-date, positioning the company to meet or exceed its $250 million M&A spending goal.
The company’s shares rose 2% following the earnings announcement, reflecting positive investor response to the strong organic growth performance and increased guidance.
Looking ahead to 2026, APi Group appears well-positioned to achieve its 10/16/60 target through continued execution of its ISM strategy, project progression, sales investments, and strong datacenter growth.
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