Shares of APi Group Corp (APG) surged 7.01% in pre-market trading on Thursday after the company reported better-than-expected first quarter results, raised its full-year outlook, and announced a new share repurchase program.
The safety services and specialty services provider posted adjusted earnings per share of $0.37, topping the analyst consensus estimate of $0.36. Revenue for the quarter came in at $1.72 billion, beating expectations of $1.65 billion and representing a 7.4% year-over-year increase. APi Group's CEO Russ Becker noted the company's "strong start in 2025" and highlighted the return to traditional levels of organic growth.
Adding to investor optimism, APi Group raised its full-year 2025 guidance, now expecting revenue between $7.4 billion to $7.6 billion and adjusted EBITDA of $985 million to $1.035 billion. The company also announced a new $1 billion share repurchase program, further boosting shareholder value. These positive developments have contributed to the stock's pre-market rally as investors react to the improved outlook and strong quarterly performance.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。