APi (US:APG)2025-10-30 12:30Q3 2025 Performance - Net revenues for Q3 2025 reached $2085 billion, a 142% increase compared to Q3 2024, with organic net revenue growth of 97%[15, 17] - Adjusted gross profit totaled $656 million[15] - Adjusted gross margin increased by 50 basis points to 315%[13, 17] - Adjusted EBITDA amounted to $281 million, up 147% from Q3 2024, with an adjusted EBITDA margin of 135%, a 10 basis points increase[13, 15, 17] - Adjusted diluted earnings per share (EPS) for Q3 2025 were $041, a 206% increase year-over-year[13, 17] - Year-to-date adjusted free cash flow was $434 million, a $73 million increase from the previous year, representing a 582% conversion[13] Segment Performance - Safety Services reported net revenues of $1403 billion, a 154% increase, with organic net revenue growth of 87%[19] - Specialty Services reported net revenues of $683 million, an 116% increase, with organic net revenue growth of 116%[19] Guidance - The company projects full-year 2025 net revenues to be between $7825 billion and $7925 billion[22, 23] - Adjusted EBITDA for the full year 2025 is expected to be between $1015 billion and $1045 billion[22, 23] - The company anticipates an adjusted free cash flow conversion of approximately 75% for the full year 2025[23]