APi Group (APG) Q2 Revenue Jumps 15%
APi Group (NYSE:APG), a leading provider of safety, specialty, and industrial services focused on recurring inspections and mandated life safety services, reported earnings for Q2 FY2025 on July 31, 2025. The headline news was an 18.2% year-over-year increase in non-GAAP earnings per share to $0.39, outpacing analyst expectations of $0.37 (non-GAAP). Revenue (GAAP) reached $1.99 billion, beating forecasts by $92.6 million and representing a 15.0% rise in reported net revenues versus the same quarter last year. Adjusted EBITDA advanced to $272 million, This marked a record second-quarter adjusted EBITDA, with year-over-year margin expansion of 30 basis points to 13.7%. The Safety Services segment stood out with strong, margin-boosting growth, while Specialty Services saw revenue gains but a margin decline. Despite a dip in free cash flow and some pressure on consolidated gross margin, management raised its full-year 2025 outlook for both net revenues and adjusted EBITDA, reflecting ongoing strength in core businesses.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
APi Group is a broad-based industrial and specialty services provider, best known for its focus on recurring, regulated work in the fire safety, security, and critical infrastructure sectors. Its offerings are mainly delivered through two major reporting segments: Safety Services, which focuses on recurring, mandated inspections, service, and monitoring; and Specialty Services, which provides project-driven services tied to infrastructure and industrial contracts.
Source Fool.com
