APi Group Corporation (APG) Reports Q1 EPS of $0.13

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Go back to APi Group Corporation (APG) Reports Q1 EPS of $0.13

APi Group Reports First Quarter 2020 Financial Results

June 2, 2020 7:00 AM EDT

NEW BRIGHTON, Minn., June 2, 2020 /PRNewswire/ -- APi Group Corporation (NYSE: APG) ("APG", "APi" or the "Company"), today reported its financial results for the three months ended March 31, 2020.

First Quarter 2020 Highlights:

Reported net revenues were $858 million, compared to $922 million in the prior year period Adjusted net revenues declined by 2.5% or $21 million to $820 million, compared to $841 million in the prior year period, primarily driven by improved project selection in Industrial Services which declined $33 million Reported gross margin was 18.9%, representing a 120 basis point increase compared to... More