APi Group Announces Date for Third Quarter 2021 Earnings Release
23 October 2021 - 7:06AM
Business Wire
-Affirms New Share Count Following Common Stock
Offering-
-Provides Preliminary Revenue Outlook for Third
Quarter 2021-
APi Group Corporation (NYSE: APG) (“APG”, “APi” or the
“Company”), announced today that it intends to release its third
quarter financial results for the three months ended September 30,
2021 before the market opens on Wednesday, November 10, 2021.
As a result of APi’s underwritten public offering of 22,716,049
shares of its common stock, which was announced on September 13,
2021 and closed on September 17, 2021, the adjusted diluted
weighted average shares outstanding for the third quarter is
expected to be approximately 210 million. APi expects net revenues
for the three months ended September 30, 2021 to be at the higher
end of analysts' expectations.
APi will hold a webcast/dial-in conference call to discuss its
financial results at 8:30 a.m. (Eastern Time) on Wednesday,
November 10, 2021. Participants on the call will include Russ
Becker, President and Chief Executive Officer; Kevin Krumm, Chief
Financial Officer; and James E. Lillie and Sir Martin E. Franklin,
Co-Chairs.
To listen to the call by telephone, please dial 877-876-9173 or
785-424-1667 and provide Conference ID 8464719. You may also attend
and view the presentation (live or by replay) via webcast by
accessing the following URL:
https://event.on24.com/wcc/r/3470149/364668B15CBB5E2E951B2CEBECD607EF
A replay of the call will be available shortly after completion
of the live call/webcast via telephone at 800-938-0997 or
402-220-1541 or via the webcast link above.
About APi:
APi is a market-leading business services provider of safety,
specialty and industrial services in over 200 locations in North
America and Europe. APi provides statutorily mandated and other
contracted services to a strong base of long-standing customers
across industries. We have a winning leadership culture driven by
entrepreneurial business leaders to deliver innovative solutions
for our customers. More information can be found at
www.apigroupcorp.com.
Forward-Looking Statements and
Disclaimers
Certain statements in this announcement are forward-looking
statements which are based on the Company’s expectations,
intentions and projections regarding the Company’s future
performance, anticipated events or trends and other matters that
are not historical facts, including expectations regarding certain
expected third quarter 2021 results. These statements are not
guarantees of future performance and are subject to known and
unknown risks, uncertainties and other factors that could cause
actual results to differ materially from those expressed or implied
by such forward-looking statements, including: (i) economic
conditions, competition and other risks that may affect the
Company’s future performance, including the impacts of the COVID-19
pandemic on the Company’s business, markets, supply chain,
customers and workforce, on the credit and financial markets, on
the alignment of expenses and revenues and on the global economy
generally; (ii) the inability of the Company to successfully or
timely consummate the acquisition of Chubb; (iii) failure to
realize the anticipated benefits of the acquisition of Chubb; (iv)
changes in applicable laws or regulations; (v) the possibility that
the Company may be adversely affected by other economic, business,
and/or competitive factors; and (vi) other risks and uncertainties.
Given these risks and uncertainties, prospective investors are
cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements speak only as of the date of
such statements and, except as required by applicable law, the
Company does not undertake any obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise.
The preliminary third quarter 2021 financial estimates are based
on information available to management as of the date of this press
release, remain subject to the completion of normal quarter-end
accounting procedures and adjustments, and are subject to change.
The Company’s independent registered public accounting firm has not
completed its review of the Company’s results for the quarter ended
September 30, 2021. During the course of the preparation of our
consolidated financial statements and related notes, and completion
of the Company’s financial close and procedures for the three
months ended September 30, 2021, adjustments to the preliminary
estimates may be identified, and such adjustments may be material.
In addition, other developments may arise between now and the time
the financial statements for the three months ended September 30,
2021 are finalized.
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version on businesswire.com: https://www.businesswire.com/news/home/20211022005505/en/
Investor Relations Inquiries: Olivia Walton Vice
President of Investor Relations Tel: +1 651-604-2773 Email:
investorrelations@apigroupinc.us
Media Contact: Liz Cohen Kekst CNC Tel: +1 212-521-4845
Email: Liz.Cohen@kekstcnc.com
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