APi Group Corporation reported record financial results for the fiscal quarter ended September 30, 2026, according to an 8-K filing released on October 29, 2026. The company announced record third-quarter net revenues of $2.554 billion, representing a 22.5% year-over-year increase. On an organic basis, net revenues grew by 15.7%.
Net income for the quarter was reported at $114 million, a 22.6% increase compared to the prior year. Diluted earnings per share (EPS) were $0.24, up 20.0% year-over-year. Adjusted non-GAAP metrics showed adjusted net income of $219 million and adjusted diluted EPS of $0.50, representing a 25.9% and 22.0% increase, respectively.
Adjusted EBITDA for the third quarter was $350 million, an increase of 24.6% from the prior year. The adjusted EBITDA margin expanded by 20 basis points to 13.7%. The company operates through two segments: Safety Services and Specialty Services. Safety Services reported net revenues of $1.662 billion, up 18.5%, while Specialty Services reported net revenues of $893 million, up 30.7%.
APi Group has raised its full-year 2026 guidance for net revenues and adjusted EBITDA. The company now expects net revenues between $9.200 billion and $9.250 billion, up from the previous guidance of $8.875 billion to $9.025 billion. Adjusted EBITDA guidance is now set between $1.235 billion and $1.255 billion, up from the previous range of $1.205 billion to $1.245 billion. The company also projects an adjusted free cash flow conversion of 110% based on adjusted net income.
The company will host a conference call to discuss these results on Thursday, October 29, 2026, at 8:30 a.m. ET. Participants will include President and CEO Russell A. Becker and EVP and CFO David Jackola.
