APi Group Q1 revenue beats estimates, lifts outlook

APi

30/04/2026 12:46

Overview

US fire and life safety services firm's Q1 revenue rose 15%, beating analyst expectations

Adjusted EPS for Q1 rose 28% to $0.32, beating analyst expectations

Company raised full-year guidance for net revenues and adjusted EBITDA

Outlook

APi raises full-year 2026 net revenue guidance to $8.475-$8.675 bln

Company expects full-year 2026 adjusted EBITDA of $1.15-$1.21 bln

APi sees Q2 2026 net revenues of $2.175-$2.225 bln and adjusted EBITDA of $300-$310 mln

Result Drivers

REVENUE GROWTH DRIVERS - Growth in inspection, service, and monitoring revenues, project revenues, acquisitions, pricing improvements, and foreign exchange translation drove higher net revenues

MARGIN EXPANSION - Adjusted EBITDA margin expansion was driven by strong revenue growth and favorable SG&A leverage

SAFETY SERVICES SEGMENT - Margin expansion in Safety Services was aided by disciplined customer and project selection and pricing improvements, partially offset by mix

Company press release: ID:nBw1WfHMSa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.98 bln
$1.92 bln (10 Analysts)
Q1 Adjusted EPS
Beat
$0.32
$0.30 (11 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "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 Corp is $52.06, about 7% above its April 29 closing price of $48.66

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 23 three months ago

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.)