APi Group Expects To Deliver Strong Q2 With Organic Net Revenue Growth In The High-Single-Digits; Updates On M&A Activities
Portfolio Pulse from Benzinga Newsdesk
APi Group expects to deliver a strong Q2 with high-single-digit organic net revenue growth, gross and adjusted EBITDA margin expansion, and improved free cash flow conversion compared to the previous year. The company's Q2 2023 adjusted EBITDA is expected to be at or above the midpoint of the financial guidance provided on May 4, 2023.
July 11, 2023 | 11:18 am
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APi Group's strong Q2 forecast, including high-single-digit organic net revenue growth and improved cash flow, could positively impact its stock price in the short term.
APi Group's strong Q2 forecast indicates a healthy financial performance, which is a positive signal to investors. This could lead to increased demand for the company's stock, potentially driving its price up in the short term.
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