APi Group Corporation raised its full year 2026 outlook following the June 8, 2026, closure of the Onyx-Fire Protection Services, Inc. acquisition, which is expected to strengthen its position as a provider of safety services with recurring revenue. The company increased its net revenue guidance to a range of $8,575 million to $8,775 million, up from the previous range of $8,475 million to $8,675 million, exceeding the $8.533 billion estimate. Adjusted EBITDA guidance was raised to a range of $1,165 million to $1,225 million, an increase from the prior outlook of $1,150 million to $1,210 million. Additionally, the company affirmed its second quarter 2026 sales guidance of $2.175 billion to $2.225 billion, compared to the $2.158 billion estimate.

Russ Becker, APi's President and Chief Executive Officer, stated that the addition is meaningful to the company's North American business and that the balance sheet remains strong to pursue capital deployment opportunities, including accretive M&A and share repurchases. Onyx-Fire is expected to contribute approximately $190 million in annual revenue and be accretive to APi's shareholder value creation framework driven by its EBITDA margin profile and asset-light business model. The acquisition was previously announced on April 23, 2026.

Underlying business trends remain strong across both segments, and the company reaffirmed its second quarter 2026 guidance before accounting for the partial month contribution of Onyx-Fire in June.

Updated FY26 Guidance