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.
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