APi Group beats Q3 revenue estimates on inspection, service demand, raises FY outlook

APi

29/10/2026 11:42

Overview
US safety and specialty services firm's Q3 revenue rose 22.5%, beating analyst expectations
Adjusted EPS for Q3 increased 22% to $0.50, beating analyst expectations
Company raised full-year 2026 revenue and adjusted EBITDA guidance

Outlook
APi raises 2026 net revenue guidance to $9.2-$9.25 bln from $8.88-$9.03 bln
Company lifts 2026 adjusted EBITDA outlook to $1.24-$1.26 bln from $1.21-$1.25 bln
APi expects 2026 adjusted free cash flow conversion of 110% based on adjusted net income

Result Drivers
INSPECTION, SERVICE, MONITORING DEMAND - Co said strong demand across inspection, service, and monitoring businesses drove Q3 revenue growth
PROJECT ACTIVITY - Robust growth in project revenues contributed to overall revenue increase, per CEO Russ Becker
PRICING IMPROVEMENTS - Co attributed part of revenue growth to pricing improvements in both segments

Company press release: ID:nBw36j4Rza

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.55 bln
$2.40 bln (12 Analysts)
Q3 Adjusted EPS
Beat
$0.50
$0.47 (12 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 12 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction & engineering peer group is "buy."
Wall Street's median 12-month price target for APi Group Corporation is $53.00, about 28.2% above its October 28 closing price of $41.34
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 23 three months ago

Reuters Recommended Reads
Oct 29 - Quanta Services Q3 revenue beats on broadening demand; raises 2026 outlook
Oct 28 - MYR Group Q3 revenue rises on C&I segment strength 
Oct 27 - Illinois Tool Works Inc beats Q3 EPS estimates, raises 2026 outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)