By Katherine Hamilton
APi Group said it has four new long-term financial targets, including more than $10 billion in net revenue by 2028.
The safety services provider said Wednesday it is now aiming to earn 60% of net revenues from its inspection, service and monitoring business.
It also wants to add $3 billion or more in cumulative adjusted free cash flow through 2028, as well as at least 16% growth in its margin for adjusted earnings before interest, taxes, depreciation and amortisation.
Chief Executive Russ Becker reaffirmed APi's second quarter and full-year financial guidance.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 21, 2025 09:40 ET (13:40 GMT)
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