Api Group Corp is a global provider of safety, specialty, and industrial services, focusing on infrastructure and life safety solutions across various sectors
The company offers a diverse range of services, including systems for fire protection, security, and commercial building maintenance, as well as installation and repair services for critical infrastructure. With a commitment to innovation and quality, Api Group serves a wide array of markets, ensuring that clients' operational needs are met with efficiency and reliability.
Safety and specialty services provider APi (NYSEAPG) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 5.8% year on year to $1.86 billion. On the other hand, next quarter’s revenue guidance of $1.65 billion was less impressive, coming in 4.4% below analysts’ estimates. Its non-GAAP profit of $0.51 per share was 2.6% above analysts’ consensus estimates.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the construction and maintenance services industry, including Concrete Pumping (NASDAQBBCP) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the construction and maintenance services industry, including APi (NYSEAPG) and its peers.
APi has been treading water for the past six months, recording a small return of 3.6% while holding steady at $38.71. The stock also fell short of the S&P 500’s 12.4% gain during that period.
Safety and specialty services provider APi (NYSEAPG) missed Wall Street’s revenue expectations in Q3 CY2024 as sales rose 2.4% year on year to $1.83 billion. The company’s full-year revenue guidance of $7 billion at the midpoint also came in 1.8% below analysts’ estimates. Its non-GAAP profit of $0.51 per share wasin line with analysts’ consensus estimates.
