NYSE$APG
APi Group Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
APi Group's Q4 2020 results reflected a decrease in revenue due to COVID-19 impacts and divestitures, but showed improved profitability with gross margin expansion and a reduced operating loss.
APi Group reported a decrease in net revenues for Q4 2020, primarily due to COVID-19 impacts and divestitures. However, the company saw improvements in gross margin and a significant reduction in operating and net losses. Adjusted EBITDA remained relatively consistent with the prior year.
- Reported net revenues decreased by 10.5% to $882 million, while adjusted net revenues declined by 5.5% to $874 million.
- Reported gross margin increased by 235 basis points to 22.4%, and adjusted gross margin increased by 183 basis points to 25.4%.
- Reported operating loss improved by $117 million to $21 million, and reported net loss improved by $128 million to $22 million.
- Adjusted EBITDA was $103 million, consistent with the prior year, with an adjusted EBITDA margin of 11.8%.
Headline financials
Revenue & EPS history
APi Group · Revenue · Quarterly
$882M
Revenue by segment
APi Group · $1.79B total across 2 segments · Q3 2023
- Safety Services$1.22B+5.5%68.1%
- Specialty Services$569M-3.6%31.9%
Forward guidance
The company is cautiously optimistic about future opportunities, with a strong backlog and resilience in key end markets. They remain focused on achieving pre-COVID-19 objectives and long-term value creation targets.
Tailwinds
- Strong backlog entering the year, slightly higher than the previous year.
- Resilience in end markets such as data centers, fulfillment and distribution centers, high-tech, and healthcare.
- Focus on growing inspection and service revenue.
- Strong balance sheet and variable cost structure.
- Commitment to driving strong free cash flow and earnings.
Headwinds
- Ongoing impact of COVID-19.
- Economic conditions.
- Competition.
- Potential changes in applicable laws or regulations.
- Other economic, business, and/or competitive factors.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+0.4%
Avg return
Earnings day
+1.8%
Avg return
5 days after
+3.9%
Avg return
30 days after
44%
11 / 25 earnings
Positive
+10.7%
Q3 2022
Best reaction
-9.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.0% | -6.3% | -15.7% | |
| Q4 2025 | -0.4% | +0.5% | -7.3% | |
| Q3 2025 | +1.9% | +2.8% | +14.8% | |
| Q1 2025 | +6.6% | +12.3% | +23.4% | |
| Q4 2024 | -0.3% | +4.7% | -0.9% | |
| Q3 2024 | +6.4% | +5.7% | +13.8% | |
| Q2 2024 | -9.4% | -12.4% | -6.2% | |
| Q1 2024 | -2.3% | -0.0% | -5.8% | |
| Q4 2023 | -1.9% | +7.5% | +9.9% | |
| Q3 2023 | +7.2% | +4.2% | +20.5% | |
| Q2 2023 | -2.7% | -1.6% | -1.7% | |
| Q1 2023 | +1.1% | -0.8% | +5.4% | |
| Q4 2022 | +1.0% | +7.0% | -5.1% | |
| Q3 2022 | +10.7% | +12.7% | +23.0% | |
| Q2 2022 | -5.4% | -8.5% | -16.9% | |
| Q1 2022 | -8.6% | -14.6% | -5.7% | |
| Q4 2021 | -4.1% | +6.0% | +5.0% | |
| Q3 2021 | +9.3% | +10.6% | +6.2% | |
| Q2 2021 | -2.7% | -0.2% | -4.0% | |
| Q1 2021 | -6.7% | -6.9% | +7.2% | |
| Q4 2020 | -2.9% | +1.5% | +11.5% | |
| Q3 2020 | +2.5% | +1.2% | +15.9% | |
| Q2 2020 | -1.7% | +3.3% | -3.7% | |
| Q1 2020 | +9.1% | +7.6% | +7.1% | |
| Q4 2019 | +9.1% | +7.6% | +7.1% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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