APi Group Corporation (APG) Misses Q1 EPS by 2c, Revenue Beats

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Go back to APi Group Corporation (APG) Misses Q1 EPS by 2c, Revenue Beats

–APi Group Reports First Quarter 2021 Financial Results–

May 12, 2021 7:00 AM EDT

-Net revenues of $803 million-

-Reported and adjusted gross margin expansion of 366 and 72 basis points, respectively, for the first quarter 2021-

-Quarter end cash balance of approximately $750 million and net debt to adjusted EBITDA of 1.75x-

NEW BRIGHTON, Minn.--(BUSINESS WIRE)-- APi Group Corporation (NYSE: APG) (APG, APi or the Company) today reported its financial results for the three months ended March 31, 2021.

First Quarter 2021 Highlights:

Reported net revenues declined by 6.4% or $55 million to... More