APi Group (NYSE:APG) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$1.73b (down 2.3% from 2Q 2023).

• Net income: US$69.0m (up 146% from 2Q 2023).

• Profit margin: 4.0% (up from 1.6% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: US$0.25 (up from US$0.12 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

APi Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Construction industry in the US.

Performance of the American Construction industry.

The company's shares are down 7.7% from a week ago.

Risk Analysis

Be aware that APi Group is showing 1 warning sign in our investment analysis that you should know about...

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