APi Group Q2 revenue falls 2.3% to $1.7 billion while net income rises 44%
APi Group reported second-quarter 2024 net revenues of $1.7 billion, down 2.3% from a year earlier, with organic revenue down 3.1%. Net income rose 43.8% to $69 million and diluted EPS was $0.22, up from $0.12, as gross margin increased 340 basis points. The company reaffirmed its full-year net revenue guidance of $7.15 billion to $7.35 billion, narrowed its full-year adjusted EBITDA range to $885 million to $915 million, and issued third-quarter guidance for net revenues of $1.86 billion to $1.91 billion.
Key points
- Q2 net revenues $1.73 billion, down 2.3%; organic decline of 3.1%, driven by Specialty Services down 18.4%
- Q2 net income $69 million (up 43.8%); diluted EPS $0.22 vs. $0.12; adjusted diluted EPS $0.49 vs. $0.41
- Q2 adjusted EBITDA $231 million, up 13.8%; adjusted EBITDA margin 13.4%, up 190 basis points
- Full-year 2024 adjusted EBITDA narrowed to $885 million to $915 million; Q3 adjusted EBITDA guided to $240 million to $250 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.