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Apg stock forecast
Apg stock forecast





apg stock forecast

Thank you for taking the time to join our call this morning. Russ Becker - President and Chief Executive Officer We believe APi has a clear path to make the most of the opportunities in front of the company, and we're excited about what lies ahead for the business as we continue to focus on shareholder value creation. I do not believe the public markets have remotely acknowledged this yet, but we are in the long game and know that over time, this will change. APi is a great company with great leaders in a great sector. Margins are rising, and the proportion of the business in mandatorily required safety services continues to grow toward our rate goal of 60% plus of revenue coming from inspection service and monitoring. As you can see from the company's significant organic progression, including growth in organic net revenues of 14% year to date for the legacy APi business, as well as Chubb, delivering top-line growth, the go-to-market strategies are working. I'd like to recognize their extraordinary efforts in being integral to raising the bar of performance across the entire company. With the enormous amount of opportunities in front of us, the efforts of each and every leader across our organization is contributing to the achievement of both short-term and long-term goals. Russ and Kevin will speak to the performance of the business in more detail, but I would add that in our view, APi's continued execution against its goal, despite challenges faced in an uncertain macro environment speak to the strength of the company's recurring revenue, services focused business model and the discipline of the organization and its leadership team. APi delivered another strong quarter of results, including record net revenues, adjusted EBITDA and adjusted diluted earnings per share in a volatile macro environment. Thank you, Olivia, and good morning, everyone. It is now my pleasure to turn the call over to Martin. The reconciliation of and other information regarding these items can be found in our press release and in our presentation. Our comments today will also include non-GAAP financial measures and other key operating metrics. Before we begin, I would like to remind you that certain statements in the company's earnings press release announcement and on this call are forward-looking statements, which are based on expectations, intentions and projections regarding the company's future performance, anticipated events or trends and other matters that are not historical facts. Joining me on the call today are Russ Becker, our president and CEO Kevin Krumm, our executive vice president and chief financial officer and Sir Martin Franklin and Jim Lillie. Good morning, everyone, and thank you for joining our second quarter 2022 earnings conference call. Olivia Walton - Vice President, Investor Relations I will now turn the call over to Olivia Walton, vice president of investor relations at APi Group. Please note, this call is being recorded. Good morning, ladies and gentlemen, and welcome to APi Group's second quarter 2022 financial results conference call.







Apg stock forecast