APi Group swings to annual profit as safety services drive revenue beat

APi Group (NYSE:APG) reported fourth-quarter results on Wednesday that exceeded analyst expectations on both the top and bottom lines, fueled by a record performance in its safety services division.

The New Brighton, Minnesota-based company posted a net income of $97 million for the period, a significant reversal from the loss recorded in the prior-year quarter.

While the company reported a GAAP net loss of $1.19 per share due to non-recurring costs, its adjusted earnings—which account for amortization and restructuring—came in at $0.44 per share.

This surpassed the Zacks Investment Research consensus estimate of $0.40 per share.

Quarterly revenue climbed 14% to $2.12 billion, also beating the $2.09 billion forecast by analysts.

For the full year 2025, APi Group successfully swung to a profit of $302 million, or $0.69 per share, on total revenue of $7.91 billion.

Management attributed the growth to an 11% surge in organic revenue, particularly within its Safety Services segment, which benefitted from increased demand for inspections and statutorily mandated maintenance in the data center and advanced manufacturing sectors.

Looking ahead, the company issued optimistic guidance for fiscal 2026, projecting total revenue between $8.4 billion and $8.6 billion.

For the current quarter ending in March, APi expects revenue to land in the range of $1.88 billion to $1.98 billion.