Quarterly ResultApr 30, 2026, 07:47 AM
APG Q1 Revenue $2.0B (+15.3%), Net Income $57M (+62.9%); Raises FY26 Guidance
AI Summary
APi Group Corp reported record first quarter 2026 financial results, with net revenues increasing 15.3% to $2.0 billion and reported net income growing 62.9% to $57 million. Adjusted EBITDA rose 21.8% to $235 million, expanding margins by 70 basis points. The company also raised its full-year 2026 guidance for both net revenues and adjusted EBITDA, following strategic acquisitions including CertaSite, Wtech, and Onyx.
Key Highlights
- Q1 net revenues reached $2.0 billion, up 15.3% (10.4% organic) YoY.
- Q1 reported net income increased 62.9% to $57 million.
- Q1 adjusted EBITDA grew 21.8% to $235 million, with margin expanding 70 bps to 11.9%.
- Q1 adjusted diluted EPS was $0.32, a 28.0% increase YoY.
- Full-year 2026 net revenue guidance raised to $8,475-$8,675 million.
- Full-year 2026 adjusted EBITDA guidance raised to $1,150-$1,210 million.
- Safety Services segment net revenues grew 11.7% to $1,415 million.
- Specialty Services segment net revenues increased 25.6% to $569 million.
- Closed CertaSite acquisition and signed Wtech and Onyx, investing over $1 billion.