APi Group Q1 revenue up 7.4% to $1.7 billion; raises full-year guidance
APi Group reported first-quarter 2025 net revenues of $1.7 billion, up 7.4%, with adjusted diluted EPS of $0.37, up 8.8%, while GAAP net income fell to $35 million from $45 million. The company raised its full-year 2025 net revenue and adjusted EBITDA guidance, citing foreign currency rates, and authorized a new $1 billion share repurchase program, which matters to shareholders because it signals higher expected results and capital return.
Key points
- Net revenues were $1.7 billion, up 7.4% (1.9% organic); Safety Services rose 13.4% while Specialty Services fell 6.8%.
- Net income was $35 million versus $45 million a year earlier; diluted EPS was $0.11 versus a loss of $1.34, and adjusted diluted EPS was $0.37, up 8.8%.
- 2025 guidance raised: net revenues $7,400 to $7,600 million (from $7,300 to $7,500 million) and adjusted EBITDA $985 to $1,035 million (from $970 to $1,020 million).
- The company repurchased $75 million of common stock in the quarter and authorized a new $1 billion repurchase program; it will hold an Investor Day on May 21, 2025.
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 May 01, 2025.
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.