Core Insights - APi reported $1.99 billion in revenue for the quarter ended June 2025, marking a year-over-year increase of 15% and a surprise of +4.59% over the Zacks Consensus Estimate of $1.9 billion [1] - The EPS for the same period was $0.39, compared to $0.33 a year ago, with an EPS surprise of +5.41% over the consensus estimate of $0.37 [1] Revenue Breakdown - Safety Services generated net revenues of $1.36 billion, slightly below the average estimate of $1.37 billion, reflecting a year-over-year change of +6.5% [4] - Specialty Services reported net revenues of $629 million, exceeding the estimated $540.05 million, representing a significant year-over-year increase of +38.9% [4] - Corporate and Eliminations showed net revenues of $-1 million, better than the average estimate of $-1.5 million, but indicating a year-over-year decline of -50% [4] Market Performance - APi's shares have returned +2.5% over the past month, compared to the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential outperformance against the broader market in the near term [3]

Core Insights - APi reported $1.72 billion in revenue for Q1 2025, a year-over-year increase of 7.4% [1] - The EPS for the same period was $0.37, up from $0.34 a year ago, exceeding the consensus estimate of $0.35 [1] - The revenue surpassed the Zacks Consensus Estimate of $1.65 billion, resulting in a surprise of +4.18% [1] Financial Performance Metrics - Safety Services net revenues were $1.27 billion, slightly below the average estimate of $1.32 billion, reflecting a year-over-year change of +4.4% [4] - Specialty Services net revenues reached $453 million, significantly above the average estimate of $333.02 million, with a year-over-year increase of +16.5% [4] - Corporate and Eliminations reported net revenues of -$1 million, better than the average estimate of -$2.50 million, but showing a year-over-year decline of -50% [4] Stock Performance - APi shares returned +4.1% over the past month, outperforming the Zacks S&P 500 composite, which declined by -0.7% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

2024 Performance Highlights - Full year net revenues reached a record of $70 billion, a 13% increase year-over-year[20] - Adjusted EBITDA was $893 million, representing a 140 basis points expansion in adjusted EBITDA margin year-over-year, resulting in a full year adjusted EBITDA margin of 127%[20] - Adjusted diluted earnings per share increased by 165% year-over-year to $184[20] - Adjusted free cash flow for the full year was $668 million, representing a 75% conversion[20] Q4 2024 Performance Highlights - Net revenues for the fourth quarter were $19 billion, a 58% increase compared to the previous year[19] - Adjusted EBITDA for the fourth quarter was $242 million, representing a 120 basis points expansion in adjusted EBITDA margin compared to the prior year, resulting in a 130% adjusted EBITDA margin[19] - Adjusted diluted earnings per share in the fourth quarter were $051, up 159% year-over-year[19] - Adjusted free cash flow for the fourth quarter was $307 million, representing a 127% conversion[19] Segment Performance - Safety Services segment net revenues increased by 73% to $5227 billion for the full year[26] - Specialty Services segment net revenues decreased by 135% to $1798 billion for the full year[26] - Safety Services fourth quarter net revenues increased 130% year-over-year to $1399 billion[26] - Specialty Services fourth quarter net revenues decreased 118% year-over-year to $463 million[26] 2025 Guidance - The company projects net revenues between $73 billion and $75 billion[29] - The company anticipates adjusted EBITDA between $970 million and $1020 billion[29]