logo
APi Group Announces New Long-Term Financial Targets

APi Group Announces New Long-Term Financial Targets

Business Wire21-05-2025

NEW BRIGHTON, Minn.--(BUSINESS WIRE)--APi Group Corporation (NYSE: APG) ('APi' or the 'Company') will host its 2025 Investor Day today at the New York Stock Exchange, beginning at 9:00 am ET.
At today's event, APi plans to provide updates to its strategic plan and introduce the following long-term 10/16/60+ financial targets:
$10+ billion in net revenues by 2028, with mid-single-digit organic growth,
16%+ adjusted EBITDA margin by 2028,
60%+ of net revenues from inspection, service and monitoring, and
$3.0+ billion in cumulative adjusted free cash flow through 2028.
Russ Becker, APi's President and Chief Executive Officer stated: 'We are excited to share our new 10/16/60+ shareholder value creation framework and detail our next phase of profitable growth. All 29,000 of our leaders rallied behind our 13/60/80 targets, and I can't wait to see our businesses embrace our new framework and goals. We believe our proven operating model, built on an inspection and service-first strategy, purpose-driven leadership, and a disciplined approach to capital allocation, positions APi for sustained organic growth, margin expansion and value-accretive M&A. We are off to a strong start in 2025 with positive momentum across the business, allowing us to reaffirm our second quarter and full year 2025 financial guidance. We are confident in our leaders' ability to execute our strategy and deliver against our new 10/16/60+ long-term financial targets, creating value for all of our stakeholders.'
Announces Three-for-Two Stock Split
APi announced that its Board of Directors approved a three-for-two stock split of its outstanding shares of common stock to be effected by the payment of a dividend of one-half of one share of common stock payable on June 30, 2025, for each share of common stock held of record as of the close of business on June 16, 2025. After giving effect to the stock split, the Company will have approximately 415 million shares of common stock outstanding, and will continue to have 4,000,000 shares of Series A preferred stock outstanding. No shares of common stock will be issued to Series A preferred holders in connection with this stock split. However, a conversion of the Series A preferred stock to common stock pursuant to the Company's certificate of incorporation would be adjusted to reflect the stock split.
Investor Presentation Webcast Details
APi will hold a webcast of its Investor Day presentation beginning at 9:00 a.m. (Eastern Time) on Wednesday, May 21, 2025. You may access the presentation (live or by replay) via webcast by accessing the following URL:
https://vimeo.com/event/4930520/register
A replay of the presentation will be available shortly after completion of the live webcast via the webcast link above.
About APi:
APi is a global, market-leading business services provider of fire and life safety, security, elevator and escalator, and specialty services with a substantial recurring revenue base and over 500 locations worldwide. APi provides statutorily mandated and other contracted services to a strong base of long-standing customers across industries. We have a winning leadership culture driven by entrepreneurial business leaders to deliver innovative solutions for our customers. More information can be found at www.apigroup.com.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit
Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit

Yahoo

time30 minutes ago

  • Yahoo

Judge Orders J&J Subsidiary to Pay $442 Million in Antitrust Lawsuit

Johnson & Johnson (NYSE:JNJ) is one of the best Dow stocks to invest in. Recently, a federal judge ruled that a Johnson & Johnson subsidiary must pay $442 million in damages after a jury concluded last month that the company had broken antitrust laws by withholding support from hospitals that used reprocessed catheters. U.S. District Judge James Selna ordered the company to pay three times the $147 million in damages awarded by the jury, as permitted under antitrust regulations. This sum does not include legal fees or other related costs. Daniel Vukelich, CEO of the Association of Medical Device Reprocessors, described the decision as 'a seismic result.' In response, a Johnson & Johnson (NYSE:JNJ) spokesperson said the company intends to appeal the verdict but will comply with the court's decision and any required relief for now. The spokesperson added, 'We strongly disagree with the jury's verdict and believe it will not withstand appellate review.' Innovative Health sued Johnson & Johnson (NYSE:JNJ)'s Biosense Webster in 2019, claiming the company used its market power to block hospitals from using reprocessed heart-mapping catheters by tying support for its Carto 3 system to purchases of its own products. A jury found Johnson & Johnson (NYSE:JNJ) violated antitrust laws by withholding support for the reprocessed devices. AMDR's CEO said the ruling signals that anti-competitive tactics against reprocessing won't be tolerated. The case was heard in the U.S. District Court for the Central District of California. While we acknowledge the potential of JNJ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.

Legislation could help speed air cargo shipments
Legislation could help speed air cargo shipments

Yahoo

time32 minutes ago

  • Yahoo

Legislation could help speed air cargo shipments

WASHINGTON — Legislation introduced in the House and Senate could help speed air cargo shipments through the supply chain by using a new funding incentive for surface transportation projects. The Don't Miss Your Flight Act, introduced last week in the House by U.S. Reps. Steve Cohen, D-Tenn. and David Kustoff, R-Tenn. and in the Senate by U.S. Sens. Marsha Blackburn, R-Tenn., and Tammy Duckworth, D-Ill., would use existing federal funding to create an incentive for surface transportation projects at and within five miles of a public airport. 'We've all been there – you're rushing to the airport but then get stuck in traffic outside while worrying that your flight is going to take off without you,' Duckworth said in a press statement. 'Airports like Chicago O'Hare and so many others are building to keep up with the growing passenger demand, but our surface transportation leading into and out of our airports needs to keep pace.' In addition to passenger benefits, Kustoff emphasized benefits to cargo shipments as well.'It is imperative that shipments can get in and out of Memphis quickly and effectively,' he said. 'The Don't Miss Your Flight Act is critical legislation that will ensure federal funding is used to modify surface transportation around our nation's busiest airports.' Cohen added that as the nation's busiest cargo airport, Memphis International Airport 'is at the confluence of river, rail and highway circuits we call 'America's Distribution Center',' he said. 'Updates to the ground infrastructure in Memphis and around the country through grants authorized under the Don't Miss Your Flight Act will modernize and improve the air traveler's experience.' Memphis International Airport is the third busiest cargo airport in the world, behind airports in Hong Kong and Shanghai, according to the latest ranking by Airports Council International. FedEx Corp. (NYSE: FDX), headquartered in Memphis, is the airport's largest cargo operator, operating approximately 400 flights per day, according to the airport. The bill's language states that a project eligible for grant funds under the legislation is a project that:Connects to a public airport. Makes improvements on land that is on or within five miles of that public airport. Reduces congestion, expands capacity, provides access to under-connected areas, or rehabilitates roadway, rail, or transit infrastructure, including bridges, tunnels, and rolling stock. Airlines lower air cargo forecast amid escalating trade war FedEx converts parcel freighter to heavy cargo operation Just steal it: Why carriers avoid Memphis Click for more FreightWaves articles by John Gallagher. The post Legislation could help speed air cargo shipments appeared first on FreightWaves.

Bonterra Resources Announces Election Results of its 2025 Annual General Meeting
Bonterra Resources Announces Election Results of its 2025 Annual General Meeting

Yahoo

time33 minutes ago

  • Yahoo

Bonterra Resources Announces Election Results of its 2025 Annual General Meeting

Val-d'Or, Quebec--(Newsfile Corp. - June 11, 2025) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") announces election results of its 2025 annual general meeting held on June 11, 2025 ("2025 AGM"), representing its fiscal year ended 2024. Bonterra is pleased to announce that shareholders have approved all matters voted on at the 2025 AGM, including: (i) to set the number of directors at seven (7); (ii) to re-elect Messrs. Cesar Gonzalez, Marc-André Pelletier, Normand Champigny, Paul Jacobi, Matt Houk, Lesley Antoun and Peter O'Malley as Directors; (iii) to appoint the Crowe MacKay LLP, as auditors of the Company for the ensuing year and to authorize the directors to fix their remuneration; and (iv) to consider and, if deemed advisable, adopt with or without variation, an ordinary resolution to approve the Company's Omnibus Equity Incentive Compensation Plan. Details in respect of such matters were provided in the Company's management information circular dated May 6, 2025. A total of 77,193,201 common shares were voted at the Meeting, representing approximately 46% of the common shares issued and outstanding as of the record date. Results from the vote are presented in the table below: Report on Proxies To view an enhanced version of this graphic, please visit: About Bonterra Resources is a Canadian gold exploration company with a portfolio of advanced exploration assets anchored by a central milling facility in Quebec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits, which collectively hold 1.24 million ounces in Measured and Indicated categories and 1.78 million ounces in the Inferred category. In November 2023, the Company entered into a earn-in and joint venture agreement with Osisko Mining Inc. for the Urban-Barry properties (the "JV Agreement"), which include the Gladiator and Barry deposits. In October 2024, Gold Fields Ltd completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures until November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step towards development. FOR ADDITIONAL INFORMATION Marc-André Pelletier, President & CEOir@ 2872 Sullivan Road, Suite 2, Val d'Or, Quebec J9P 0B9819-825-8678 | Website: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Caution regarding forward-looking statements This press release contains "forward-looking information" that is based on Bonterra's current expectations, estimates, forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the earn-in and joint venture agreement with Osisko Mining announced on November 28, 2023. The words "will", "anticipated", "plans" or other similar words and phrases are intended to identify forward-looking information. This forward-looking information includes namely information with respect to the planned exploration programs and the potential growth in mineral resources. Exploration results that include drill results on wide spacing may not be indicative of the occurrence of a mineral deposit and such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. The potential quantities and grades of drilling targets are conceptual in nature and, there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the targets being delineated as mineral resources. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Bonterra's actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets, environmental and other judicial, regulatory, political, and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. To view the source version of this press release, please visit Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store