FINWIRES · TerminalLIVE
FINWIRES

APi's Strategic Acquisitions Support $10 Billion Revenue Target by 2028, RBC Says

By

APi (APG) is expanding through strategic acquisitions with market-tailored integration approaches, supporting the company's revenue target of $10 billion by 2028, RBC Capital Markets said in a Thursday note.

The company's recently announced acquisition of Ireland-based Wtech Fire strengthens its fire sprinkler and suppression capabilities across Europe, RBC said. Meanwhile, the acquisition of Onyx-Fire Protection Services positions the company in the Canadian fire and life safety and electronic security market, RBC said.

With APi forecasting Q2 net revenue of $2.18 billion to $2.23 billion and adjusted earnings before interest, taxes, depreciation and amortization of $300 million to $310 million, RBC said that the company's guidance is supported by a robust backlog demand, continued pricing power and the full quarterly impact of the February CertaSite acquisition.

RBC maintained the company's outperform rating with a $53 price target.

Price: $45.80, Change: $+0.08, Percent Change: +0.17%

Related Articles

Wire

Tanger Q1 Core FFO, Revenue Rise; 2026 Guidance Increased

Tanger (SKT) reported Q1 core funds from operations late Thursday of $0.59 per diluted share, up from $0.53 a year earlier.Analysts polled by FactSet expected $0.58.Revenue in the three months ended March 31 rose to $150.4 million from $135.4 million a year earlier.Analysts surveyed by FactSet expected $142.9 million.The company raised 2026 FFO guidance to $2.42 to $2.50 per diluted share from $2.41 to $2.49.Analysts polled by FactSet expect $2.47.Tanger shares fell 2.3% in after-hours trading.

$SKT
Wire

Alignment Healthcare Swings to Q1 Profit, Revenue Rises; Shares Fall After Hours

Alignment Healthcare (ALHC) reported Q1 earnings late Thursday of $0.05 per diluted share, compared with the loss of $0.05 a year earlier.Analysts polled by FactSet expected earnings of $0.01.Revenue in the three months ended March 31 rose to $1.24 billion from $926.9 million a year ago.Analysts surveyed by FactSet expected $1.22 billion.The company expects revenue of $1.3 billion to $1.32 billion in Q2 and $5.16 billion to $5.21 billion in the full year.Analysts project $1.31 billion in Q2 and $5.17 billion in 2026.Alignment Healthcare shares fell 10% in after-hours trading.

$ALHC
Wire

GoDaddy Q1 Earnings, Revenue Rise; Shares Gain After Hours

GoDaddy (GDDY) reported Q1 earnings late Thursday of $1.60 per diluted share, up from $1.51 a year earlier.Analysts polled by FactSet expected $1.52.Revenue in the three months ended March 31 rose to $1.27 billion from $1.19 billion a year earlier.Analysts surveyed by FactSet expected $1.26 billion.The company expects Q2 revenue of $1.29 billion to $1.31 billion. Analysts surveyed by FactSet expect $1.29 billion.GoDaddy reaffirmed 2026 revenue guidance of $5.2 billion to $5.28 billion. Analysts surveyed by FactSet expect $5.24 billion.In Q1, the company repurchased 3 million shares for $279.7 million.GoDaddy shares rose 4.2% in after-hours trading.

$GDDY