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 and raised its full-year outlook.
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. The company 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.
Adding to investor optimism, APi Group announced a new $1 billion share repurchase program, further boosting shareholder value. The company also plans to unveil new, "meaningfully higher" long-term financial targets at its upcoming Investor Day on May 21, which could drive additional investor interest in the coming weeks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.