APi Group Reports Fourth Quarter and Full Year 2020 Financial Results

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Go back to APi Group Reports Fourth Quarter and Full Year 2020 Financial Results

APi Group Corporation (APG) Tops Q4 EPS by 3c on Revenues of $874M

March 24, 2021 7:14 AM EDT

APi Group Corporation (NYSE: APG) reported Q4 EPS of $0.34, $0.03 better than the analyst estimate of $0.31. Revenue for the quarter came in at $874 million, versus $925 million reported last year.

Fourth Quarter 2020 Highlights:

Reported net revenues declined by 10.5% or $103 million to $882 million, compared to $985 million in the prior year period, primarily driven by COVID-19 related impacts, disciplined project selection and the divestiture of two businesses in Industrial ServicesAdjusted net revenues declined by 5.5% or $51 million to $874 million, compared to $925 million in the prior year period, primarily driven by COVID-19 related impacts and disciplined project... More