APG Q3 Deep Dive: Inspection Services, M&A, and Project Mix Drive Revenue Growth
Update: 2025-10-31
Description
APi, a leading safety and specialty services company, reported robust Q3 2025 results, surpassing Wall Street's expectations with a 14% year-over-year sales increase to $2.09 billion. The company's non-GAAP profit of $0.41 per share outperformed analyst forecasts, and it raised its full-year revenue guidance to $7.88 billion. The strong quarter was driven by core recurring services and large projects, particularly in North America. APi's specialty services and strategic acquisitions also contributed to the growth. The company expects continued growth in the remainder of the year, with a focus on organic growth in high-margin recurring revenues and successful integration of recent acquisitions. Investors will closely monitor the pace of recurring services growth, acquisition performance, and tech rollout progress.
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