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Stock impact report

APi Group Reports Third Quarter 2024 Financial Results

APi Group Corporation (APG) 
Company Research Source: Business Wire
-Third quarter net revenues of $1.8 billion, representing growth of 2.4% with double digit inspection revenue growth in U.S. Life Safety--Record third quarter net income of $69 million, representing year-over-year growth of 28%--Record third quarter adjusted EBITDA of $245 million, representing year-over-year growth of 9%--Record third quarter operating cash flow and free cash flow generation; increases 2024 conversion target to 75%+- NEW BRIGHTON, Minn.--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today reported its financial results for the three and nine months ended September 30, 2024.Russ Becker, APi’s President and Chief Executive Officer stated: “The team’s work over the last few years executing our strategy has resulted in APi being the strongest it has ever been with 2024 shaping up to be a year of record net revenues, margins and free cash flow generation. As we plan for a return to accelerated organic growth in 2025 complemented by strong Show less Read more
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