Form 8-K

8-K — APi Group Corp

Accession: 0001628280-26-068030

Filed: 2026-10-29

Period: 2026-10-29

CIK: 0001796209

SIC: 7340 (SERVICES-TO DWELLINGS & OTHER BUILDINGS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — apg-20261029.htm (Primary)

EX-99.1 (apg-20260930xexx991.htm)

GRAPHIC (img23227469_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: apg-20261029.htm · Sequence: 1

apg-20261029

FALSE000179620900017962092026-10-292026-10-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

___________________________________

FORM 8-K

___________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 29, 2026

___________________________________

APi Group Corporation

(Exact name of registrant as specified in its charter)

___________________________________

Delaware

(State or other jurisdiction of

incorporation)

001-39275

(Commission File Number)

98-1510303

(I.R.S. Employer Identification Number)

1100 Old Highway 8 NW

New Brighton, MN 55112

(Address of principal executive offices and zip code)

(651) 636-4320

(Registrant's telephone number, including area code)

N/A

(Former name or former address, if changed since last report.)

___________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

APG

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Exchange Act (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On October 29, 2026, APi Group Corporation (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended September 30, 2026. A copy of the press release is furnished as Exhibit 99.1.

The information furnished under this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in any such filing, unless the Company expressly sets forth in such filing that such information is to be considered "filed" or incorporated by reference therein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are included with this report:

Exhibit No.

Description

99.1

Press Release Issued by APi Group Corporation on October 29, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

APi Group Corporation

Date: October 29, 2026

By:

/s/ Glenn David Jackola

Glenn David Jackola

Executive Vice President and Chief Financial Officer

EX-99.1

Filename: apg-20260930xexx991.htm · Sequence: 2

Document

Exhibit 99.1

APi Group Reports Record Third Quarter 2026 Financial Results and Raises Full-Year 2026 Outlook

-Record third quarter net revenues of $2.6 billion, representing year-over-year growth of 22.5%, 15.7% on an organic basis-

-Record third quarter reported net income of $114 million up 22.6% year-over-year-

-Record third quarter adjusted EBITDA of $350 million with year-over-year growth of 24.6% and adjusted EBITDA margin expansion of 20 basis points to 13.7%-

-Raising full-year guidance for net revenues and adjusted EBITDA-

New Brighton, Minnesota – October 29, 2026 – APi Group Corporation (NYSE: APG) (“APi” or the “Company”) today reported its financial results for the three and nine months ended September 30, 2026.

Russ Becker, APi’s President and Chief Executive Officer, stated: “We delivered exceptional third quarter results, including double digit organic growth and adjusted EBITDA margin expansion. This performance again demonstrates the durability of our business in a dynamic operating environment. Strong demand across our inspection, service, and monitoring business, robust project activity, and disciplined execution drove momentum across both segments. We enter the fourth quarter from a position of strength, supported by a growing backlog and improving margins and we remain focused on leading with inspection and service. I am proud of our leaders for delivering another strong quarter. The strength we are carrying into 2027 gives me continued confidence in our ability to deliver on our long-term "10/16/60+" targets."

Third Quarter 2026 Consolidated Results:

Three Months Ended September 30,

2026 2025 Y/Y

Net revenues $ 2,554 $ 2,085 22.5 %

Organic net revenue growth (a)

15.7 %

GAAP

Gross profit $ 770 $ 652 18.1 %

Gross profit margin 30.1 % 31.3 % (120) bps

Net income $ 114 $ 93 22.6 %

Diluted EPS $ 0.24 $ 0.20 20.0 %

Adjusted non-GAAP comparison

Adjusted gross profit $ 775 $ 656 18.1 %

Adjusted gross profit margin 30.3 % 31.5 % (120) bps

Adjusted EBITDA $ 350 $ 281 24.6 %

Adjusted EBITDA margin 13.7 % 13.5 % +20 bps

Adjusted net income $ 219 $ 174 25.9 %

Adjusted diluted EPS $ 0.50 $ 0.41 22.0 %

Notes: Amounts in millions, except per share data. Refer to non-GAAP reconciliations to the most comparable GAAP measures.

(a)Organic change in net revenues provides a consistent basis for a year-over-year comparison in net revenues as it excludes the impacts of material acquisitions, material divestitures, and the impact of changes due to foreign currency translation.

•Reported net revenues increased by 22.5% (15.7% organic) driven by solid growth in inspection, service, and monitoring revenues, robust growth in project revenues, acquisitions, and pricing improvements.

•Reported and adjusted gross profit margin decreased by 120 basis points compared to the prior-year period driven by project and business mix and rising material, fuel, and other expenses.

•Reported net income was $114 million and diluted EPS was $0.24. Adjusted net income was $219 million and adjusted diluted EPS was $0.50, representing a 22.0% increase compared to the prior-year period. The increase in adjusted diluted EPS was driven by strong revenue growth and adjusted EBITDA margin expansion, partially offset by increases in interest expense and the adjusted diluted weighted average shares outstanding.

•Adjusted EBITDA increased by 24.6% compared to the prior-year period and adjusted EBITDA margin increased 20 basis points to 13.7%. Growth in adjusted EBITDA margin was driven by strong revenue growth and the resulting favorable SG&A leverage, partially offset by factors impacting adjusted gross profit margin.

Third Quarter 2026 Safety Services Segment Results:

Three Months Ended September 30,

2026 2025 Y/Y

Safety Services

Net revenues $ 1,662 $ 1,403 18.5 %

Organic net revenue growth (a)

8.8 %

GAAP

Gross profit $ 597 $ 520 14.8 %

Gross profit margin 35.9 % 37.1 % (120) bps

Segment earnings $ 281 $ 236 19.1 %

Segment earnings margin 16.9 % 16.8 % +10 bps

Adjusted non-GAAP comparison

Adjusted gross profit $ 602 $ 524 14.9 %

Adjusted gross profit margin 36.2 % 37.3 % (110) bps

Notes: Amounts in millions. Refer to non-GAAP reconciliations to the most comparable GAAP measures.

•Reported net revenues increased by 18.5% (8.8% organic) driven by solid growth in both inspection, service, and monitoring revenues and project revenues, acquisitions, and pricing improvements.

•Reported and adjusted gross profit margin decreased by 120 and 110 basis points, respectively, compared to the prior-year period. This was driven by project and business mix and rising material, fuel, and other expenses.

•Reported segment earnings increased by 19.1% compared to the prior-year period. Segment earnings margin was 16.9%, representing a 10 basis point increase compared to the prior-year period, driven by strong revenue growth and favorable SG&A leverage, partially offset by factors impacting adjusted gross profit margin.

Third Quarter 2026 Specialty Services Segment Results:

Three Months Ended September 30,

2026 2025 Y/Y

Specialty Services

Net revenues $ 893 $ 683 30.7 %

Organic net revenue growth (a)

29.9 %

GAAP

Gross profit $ 173 $ 132 31.1 %

Gross profit margin 19.4 % 19.3 % +10 bps

Segment earnings $ 112 $ 81 38.3 %

Segment earnings margin 12.5 % 11.9 % +60 bps

Adjusted non-GAAP comparison

Adjusted gross profit $ 173 $ 132 31.1 %

Adjusted gross profit margin 19.4 % 19.3 % +10 bps

Notes: Amounts in millions. Refer to non-GAAP reconciliations to the most comparable GAAP measures.

•Reported net revenues increased by 30.7% (29.9% organic) driven by robust growth in both project and service revenues.

•Reported and adjusted gross profit margin increased by 10 basis points compared to the prior-year period. This was driven by disciplined customer and project selection and pricing improvements, partially offset by rising material, fuel, and other expenses.

•Reported segment earnings increased by 38.3% compared to the prior-year period. Segment earnings margin was 12.5%, representing a 60 basis point increase compared to the prior-year period, driven by adjusted gross profit margin expansion, strong revenue growth, and favorable SG&A leverage.

Guidance:

APi is raising its full-year 2026 guidance for net revenues and adjusted EBITDA.

• Net revenues of $9,200 to $9,250 million, up from the guidance provided on July 30, 2026 of $8,875 to $9,025 million

• Adjusted EBITDA of $1,235 to $1,255 million, up from the guidance provided on July 30, 2026 of $1,205 to $1,245 million

• Adjusted free cash flow conversion of 110%, based on adjusted net income

Conference Call:

APi will host a webcast and conference call to discuss its financial results at 8:30 a.m. ET on Thursday, October 29, 2026. Participants on the call will include Russell A. Becker, President and Chief Executive Officer, and David Jackola, EVP and Chief Financial Officer. The conference call can be accessed by registering online using the links below. Analysts will receive dial-in information as well as a conference ID once registered.

Webcast Link: https://events.q4inc.com/attendee/894181837

Analysts Link: https://events.q4inc.com/analyst/894181837?pwd=ecOlF7Kh

A replay of the webcast will be available shortly after the live event via the webcast link above.

About APi:

APi Group is a global, market-leading business services company providing statutorily mandated and contracted services across its Safety Services and Specialty Services segments, including fire and life safety, electronic security, elevator and escalator, and infrastructure services. With more than 600 locations in over 20 countries, APi is built on a century of expertise, a people-first culture, and its purpose of Building Great Leaders®. In 2026, APi is celebrating its 100-year anniversary and its debut on the Fortune 500. More information is available at www.apigroup.com.

Investor Relations and Media Inquiries:

Adam Walters

Senior Director of Investor Relations

Tel: +1 920-419-5432

Email: investorrelations@apigroupinc.us

Forward-Looking Statements and Disclaimers

This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a safe harbor for certain forward-looking statements made by or on behalf of APi Group Corporation (“APi” or the “Company”). Forward-looking statements include statements regarding the Company’s full-year 2026 outlook for net revenues, adjusted EBITDA and adjusted free cash flow conversion; anticipated future growth and margin performance; expectations regarding performance in 2027; and the Company’s ability to achieve its long-term financial targets. Such statements may contain words such as “expect,” “anticipate,” “will,” “believe,” “intend,” “plan,” “estimate,” “predict,” “seek,” “continue,” “outlook,” “may,” “might,” “should,” “can have,” “have,” “likely,” “potential,” “target,” “indicative,” “illustrative,” and variations of such words and similar expressions. The absence of these words does not mean that a statement is not forward-looking. Such statements are based on the Company’s expectations, intentions, and projections regarding its future performance, anticipated events or trends, and other matters that are not historical facts.

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, political risks, and other risks that may affect the Company’s future performance, including the impacts of inflationary pressures and other macroeconomic factors 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) supply chain constraints and interruptions, and the resulting increases in the cost, or reductions in the supply, of the supplies and materials the Company uses in its business and for which the Company bears the risk of such increases; (iii) risks associated with the Company’s international operations, including changes in tariff and trade policies, import and export restrictions, retaliatory trade measures, sanctions, and other governmental actions that may affect the cost, timing, or viability of the Company's cross-border operations and supply chains; (iv) failure to realize the anticipated benefits of the Company's acquisitions and its ability to successfully execute its bolt-on acquisition strategy and integrate acquired businesses into its operations; (v) failure to fully execute the Company’s inspection-first strategy or to realize the expected service revenue from such inspections; (vi) failure to realize expected benefits from the Company’s other business strategies, including its disciplined approach to customer and project selection and its asset-light, services-focused business model and expected impact on future capital expenditures; (vii) risks associated with the Company’s decentralized business model and participation in joint ventures; (viii) improperly managed projects, project delays or cancellations, and the timing and extent of conversion of backlog into revenues; (ix) risks associated with the implementation and maintenance of the Company's enterprise resource planning systems and cloud-based platforms, including potential disruptions to operations, cost overruns, delays, and impacts on internal controls over financial reporting; (x) adverse developments in the credit markets which could impact the Company’s ability to secure financing in the future; (xi) the Company’s level of indebtedness; (xii) risks associated with the Company’s contract portfolio, project and business mix, and its ability to achieve anticipated margins; (xiii) the timing of customer collections, working-capital requirements, capital expenditures, and other cash payments, which may affect operating cash flow and cash conversion; and (xiv) other risks and uncertainties, including those discussed under “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and in subsequent reports filed with the Securities and Exchange Commission. Given these risks and uncertainties, investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements included in this document speak only as of the date hereof 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 circumstances after the date of this document.

Non-GAAP Financial Measures

This document contains non-U.S. GAAP financial measures within the meaning of Regulation G. Management uses these measures to evaluate the Company's performance and believes they are useful to investors because they (a) reflect the same tools management uses to assess performance and prospects, (b) facilitate peer comparison, (c) provide consistent period-to-period comparisons, and (d) in the case of adjusted EBITDA, determine certain elements of executive incentive compensation.

•Adjusted gross profit, adjusted SG&A, adjusted net income, and adjusted diluted EPS exclude amortization of intangible assets, restructuring costs, contingent consideration and compensation, acquisition and divestiture related expenses, systems and business enablement expenses, business process transformation expenses, and other miscellaneous items, as further described in the reconciliation tables. These adjustments remove items management does not consider indicative of the Company's core ongoing operational performance.

•Adjusted EBITDA is net income before interest, taxes, depreciation, and amortization, further adjusted to exclude the same items listed above plus non-service pension cost. Adjusted EBITDA margin is adjusted EBITDA divided by net revenues.

•Organic net revenue growth excludes the impacts of material acquisitions, material divestitures, and foreign currency translation from year-over-year revenue comparisons. Fixed currency measures translate results at exchange rates established by management at the beginning of 2026. An acquisition or divestiture is considered material based on management's assessment of its significance to comparability; this threshold is applied consistently across periods.

•Adjusted free cash flow is cash provided by operating activities, adjusted for the cash impact of the same items excluded from adjusted EBITDA, less capital expenditures. Adjusted free cash flow conversion is adjusted free cash flow as a percentage of adjusted net income.

•Net leverage ratio is calculated in accordance with the Company’s debt agreements and includes pro forma adjustments for acquisitions and cost savings not reflected in adjusted EBITDA; see the Company’s SEC filings for the covenant EBITDA definition.

These measures are supplemental and should not be considered a substitute for, or superior to, GAAP financial measures, and may differ from similarly titled measures used by other companies. Reconciliations to the most directly comparable GAAP measures are included in this document.

The Company is unable to provide a quantitative reconciliation of forward-looking adjusted EBITDA, organic net revenue growth, and adjusted free cash flow conversion to GAAP without unreasonable effort, as the amounts and timing of reconciling items – including acquisition-related costs, systems and business enablement expenses, and other charges – are inherently uncertain and could be significant.

APi Group Corporation

Condensed Consolidated Statements of Operations (GAAP)

(Amounts in millions, except per share data)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net revenues $ 2,554 $ 2,085 $ 6,790 $ 5,794

Cost of revenues 1,784 1,433 4,697 3,985

Gross profit 770 652 2,093 1,809

Selling, general, and administrative expenses 568 489 1,613 1,419

Operating income 202 163 480 390

Interest expense, net 45 34 111 109

Investment expense (income) and other, net 2 (1) 5 (3)

Other expense, net 47 33 116 106

Income before income taxes 155 130 364 284

Income tax provision 41 37 94 79

Net income 114 93 270 205

Net income attributable to common shareholders:

Income allocable to Series A Preferred Stock (12) (9) (28) (21)

Net income attributable to common shareholders $ 102 $ 84 $ 242 $ 184

Net income per common share:

Basic $ 0.24 $ 0.20 $ 0.56 $ 0.44

Diluted 0.24 0.20 0.56 0.43

Weighted average shares outstanding:

Basic 431 416 432 416

Diluted 432 429 435 425

APi Group Corporation

Condensed Consolidated Balance Sheets (GAAP)

(Amounts in millions)

(Unaudited)

September 30,

2026 December 31,

2025

Assets

Current assets:

Cash and cash equivalents $ 373 $ 912

Accounts receivable, net of allowances 1,907 1,563

Inventories 182 145

Contract assets 736 484

Prepaid expenses and other current assets 205 125

Total current assets 3,403 3,229

Property and equipment, net 451 397

Operating lease right-of-use assets 297 301

Goodwill 3,897 3,167

Intangible assets, net 1,935 1,584

Deferred tax assets 16 40

Pension and post-retirement assets 129 129

Other assets 153 89

Total assets $ 10,281 $ 8,936

Liabilities and Shareholders’ Equity

Current liabilities:

Short-term and current portion of long-term debt $ 361 $ 5

Accounts payable 635 526

Accrued liabilities 875 827

Contract liabilities 902 694

Operating and finance leases 101 98

Total current liabilities 2,874 2,150

Long-term debt, less current portion 3,213 2,754

Pension and post-retirement obligations 48 50

Operating and finance leases 218 215

Deferred tax liabilities 296 205

Other noncurrent liabilities 144 154

Total liabilities 6,793 5,528

Total shareholders’ equity 3,488 3,408

Total liabilities and shareholders’ equity $ 10,281 $ 8,936

APi Group Corporation

Condensed Consolidated Statements of Cash Flows (GAAP)

(Amounts in millions)

(Unaudited)

Nine Months Ended September 30,

2026 2025

Cash flows from operating activities:

Net income $ 270 $ 205

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization 277 242

Restructuring charges, net of cash paid (5) (6)

Deferred taxes (3) 2

Share-based compensation expense 36 31

Profit sharing expense 22 23

Non-cash lease expense 91 82

Net periodic pension cost 19 17

Other, net (2) (1)

Changes in operating assets and liabilities, net of effects of acquisitions: (312) (218)

Net cash provided by operating activities 393 377

Cash flows from investing activities:

Acquisitions, net of cash acquired (1,356) (174)

Purchases of property and equipment (76) (70)

Proceeds from sales of property and equipment 8 13

Net cash used in investing activities (1,424) (231)

Cash flows from financing activities:

Net short-term debt 335 —

Proceeds from long-term borrowings 795 —

Payments on long-term borrowings (310) (5)

Payments of debt issuance costs (16) —

Repurchases of common stock (252) (75)

Payments of acquisition-related consideration (14) (16)

Restricted shares tendered for taxes (38) (20)

Net cash provided by (used in) financing activities 500 (116)

Effect of foreign currency exchange rate change on cash, cash equivalents, and restricted cash (9) 25

Net (decrease) increase in cash, cash equivalents, and restricted cash (540) 55

Cash, cash equivalents, and restricted cash, beginning of period 913 501

Cash, cash equivalents, and restricted cash, end of period $ 373 $ 556

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Organic Change in Net Revenues (non-GAAP)

(Unaudited)

Organic change in net revenues

Three Months Ended September 30, 2026

Net revenues

change

(as reported) Foreign

currency

translation (a) Net revenues

change

(fixed currency) (b) Acquisitions and

divestitures, net (c) Organic

change in

net revenues (d)

Safety Services 18.5% (0.1)% 18.6% 9.8% 8.8%

Specialty Services 30.7% —% 30.7% 0.8% 29.9%

Consolidated 22.5% (0.1)% 22.6% 6.9% 15.7%

Nine Months Ended September 30, 2026

Net revenues

change

(as reported) Foreign

currency

translation (a) Net revenues

change

(fixed currency) (b) Acquisitions and

divestitures, net (c) Organic

change in

net revenues (d)

Safety Services 13.1% 1.9% 11.2% 4.8% 6.4%

Specialty Services 26.6% —% 26.6% 0.8% 25.8%

Consolidated 17.2% 1.3% 15.9% 3.7% 12.2%

Notes:

(a)Represents the effect of foreign currency on reported net revenues, calculated as the difference between reported net revenues and net revenues at fixed currencies for both periods. Fixed currency amounts are based on translation into U.S. Dollars at fixed foreign currency exchange rates established by management at the beginning of 2026.

(b)Amount represents the year-over-year change after eliminating the impact of fluctuations in foreign exchange rates by translating foreign currency denominated results at fixed foreign currency rates for both periods.

(c)Adjustment to exclude net revenues from material acquisitions from their respective dates of acquisition until the first year anniversary from date of acquisition and net revenues from material divestitures for all periods for businesses divested as of September 30, 2026.

(d)Organic change in net revenues provides a consistent basis for a year-over-year comparison in net revenues as it excludes the impacts of material acquisitions, material divestitures, and the impact of changes due to foreign currency translation.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Gross Profit and Adjusted Gross Profit (non-GAAP)

SG&A and Adjusted SG&A (non-GAAP)

(Amounts in millions)

(Unaudited)

Adjusted gross profit

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Gross profit (as reported) $ 770 $ 652 $ 2,093 $ 1,809

Adjustments to reconcile gross profit to adjusted gross profit:

Backlog amortization (a) 5 4 6 11

Restructuring program related costs (b) — — — 1

Adjusted gross profit $ 775 $ 656 $ 2,099 $ 1,821

Net revenues $ 2,554 $ 2,085 $ 6,790 $ 5,794

Adjusted gross profit margin 30.3 % 31.5 % 30.9 % 31.4 %

Adjusted SG&A

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Selling, general, and administrative expenses ("SG&A") (as reported) $ 568 $ 489 $ 1,613 $ 1,419

Adjustments to reconcile SG&A to adjusted SG&A:

Amortization of intangible assets (c) (78) (56) (208) (168)

Contingent consideration and compensation (d) 1 (1) 2 (2)

Systems and business enablement (e) (30) (31) (82) (61)

Business process transformation expenses (f) — — — (4)

Acquisition and divestiture related expenses (g) (11) 2 (39) (12)

Restructuring program related costs (b) — — — (14)

Other (h) (1) (1) (8) (4)

Adjusted SG&A expenses $ 449 $ 402 $ 1,278 $ 1,154

Net revenues $ 2,554 $ 2,085 $ 6,790 $ 5,794

Adjusted SG&A as a % of net revenues 17.6 % 19.3 % 18.8 % 19.9 %

Notes:

(a)Adjustment to reflect the elimination of amortization expense related to backlog intangible assets.

(b)Adjustment to reflect the elimination of expenses associated with restructuring programs and related costs.

(c)Adjustment to reflect the elimination of amortization expense.

(d)Adjustment to reflect the elimination of the expense attributable to one-time deferred consideration to prior owners of acquired businesses.

(e)Adjustment to reflect the elimination of non-recurring costs associated with an end-to-end business systems implementation and primarily consist of third-party consulting fees related to system design, deployment, integration, and change leadership across the organization.

(f)Adjustment to reflect the elimination of expenses associated with the integration and reorganization of newly acquired businesses and non-operational costs related to technology and business enhancements, including systems and process development costs.

(g)Adjustment to reflect the elimination of transaction costs, integration costs, and gains and losses related to potential and completed acquisitions and divestitures.

(h)Adjustment includes miscellaneous non-recurring items, such as costs associated with debt refinancing and other capital market activities, and net gains related to building sales and facility exits.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

EBITDA and Adjusted EBITDA (non-GAAP)

(Amounts in millions)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net income (as reported) $ 114 $ 93 $ 270 $ 205

Adjustments to reconcile net income to EBITDA:

Interest expense, net 45 34 111 109

Income tax provision 41 37 94 79

Depreciation 21 21 63 63

Amortization 83 60 214 179

EBITDA 304 245 752 635

Adjustments to reconcile EBITDA to adjusted EBITDA:

Contingent consideration and compensation (a) (1) 1 (2) 2

Non-service pension cost (b) 5 5 15 14

Systems and business enablement (c) 30 31 82 61

Business process transformation expenses (d) — — — 4

Acquisition and divestiture related expenses (e) 11 (2) 39 12

Restructuring program related costs (f) — — — 14

Other (g) 1 1 10 4

Adjusted EBITDA $ 350 $ 281 $ 896 $ 746

Net revenues $ 2,554 $ 2,085 $ 6,790 $ 5,794

Adjusted EBITDA margin 13.7 % 13.5 % 13.2 % 12.9 %

Notes:

(a)Adjustment to reflect the elimination of the expense attributable to one-time deferred consideration to prior owners of acquired businesses.

(b)Adjustment to reflect the elimination of non-service pension cost, which consists of interest cost, expected return on plan assets and amortization of actuarial gains/losses.

(c)Adjustment to reflect the elimination of non-recurring costs associated with an end-to-end business systems implementation and primarily consist of third-party consulting fees related to system design, deployment, integration, and change leadership across the organization.

(d)Adjustment to reflect the elimination of expenses associated with the integration and reorganization of newly acquired businesses and non-operational costs related to technology and business enhancements, including systems and process development costs.

(e)Adjustment to reflect the elimination of transaction costs, integration costs, and gains and losses related to potential and completed acquisitions and divestitures.

(f)Adjustment to reflect the elimination of expenses associated with restructuring programs and related costs.

(g)Adjustment includes miscellaneous non-recurring items, such as costs associated with debt refinancing and other capital market activities, and net gains related to building sales and facility exits.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Income before Income Tax, Net Income and EPS and

Adjusted Income before Income Tax, Net Income and EPS (non-GAAP)

(Amounts in millions, except per share data)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Income before income tax provision (as reported) $ 155 $ 130 $ 364 $ 284

Adjustments to reconcile income before income tax provision to adjusted income before income tax provision:

Amortization of intangible assets (a) 83 60 214 179

Contingent consideration and compensation (b) (1) 1 (2) 2

Non-service pension cost (c) 5 5 15 14

Systems and business enablement (d) 30 31 82 61

Business process transformation expenses (e) — — — 4

Acquisition and divestiture related expenses (f) 11 (2) 39 12

Restructuring program related costs (g) — — — 14

Other (h) 1 1 10 4

Adjusted income before income tax provision $ 284 $ 226 $ 722 $ 574

Income tax provision (as reported) $ 41 $ 37 $ 94 $ 79

Adjustments to reconcile income tax provision to adjusted income tax provision:

Income tax provision adjustment (i) 24 15 72 53

Adjusted income tax provision $ 65 $ 52 $ 166 $ 132

Adjusted income before income tax provision $ 284 $ 226 $ 722 $ 574

Adjusted income tax provision 65 52 166 132

Adjusted net income $ 219 $ 174 $ 556 $ 442

Diluted weighted average shares outstanding (as reported) 432 429 435 425

Adjustments to reconcile diluted weighted average shares outstanding to adjusted diluted weighted average shares outstanding:

Impact of Series A Preferred Stock (j) 6 (5) 4 (2)

Adjusted diluted weighted average shares outstanding 438 424 439 423

Adjusted diluted EPS $ 0.50 $ 0.41 $ 1.27 $ 1.04

Notes:

(a)Adjustment to reflect the elimination of amortization expense.

(b)Adjustment to reflect the elimination of the expense attributable to one-time deferred consideration to prior owners of acquired businesses.

(c)Adjustment to reflect the elimination of non-service pension cost, which consists of interest cost, expected return on plan assets, and amortization of actuarial gains/losses.

(d)Adjustment to reflect the elimination of non-recurring costs associated with an end-to-end business systems implementation and primarily consist of third-party consulting fees related to system design, deployment, integration, and change leadership across the organization.

(e)Adjustment to reflect the elimination of expenses associated with the integration and reorganization of newly acquired businesses and non-operational costs related to technology and business enhancements, including systems and process development costs.

(f)Adjustment to reflect the elimination of transaction costs, integration costs, and gains and losses related to potential and completed acquisitions and divestitures.

(g)Adjustment to reflect the elimination of expenses associated with restructuring programs and related costs.

(i)Adjustment to reflect an adjusted effective tax rate of 23% which reflects the Company's estimated expectations for taxes to be paid on its adjusted non-GAAP earnings.

(j)Adjustment reflects the addition of the dilutive impact of six million shares associated with the deemed conversion of Series A Preferred Stock, when adjusted for the stock split, offset by the adjustment of the assumed dividend payable to the Series A Preferred Stock holders at year-end.

APi Group Corporation

Adjusted Segment Financial Information (non-GAAP)

(Amounts in millions)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 (a) 2025 (a) 2026 (a) 2025 (a)

Safety Services

Net revenues $ 1,662 $ 1,403 $ 4,559 $ 4,032

Adjusted gross profit 602 524 1,684 1,499

Segment earnings 281 236 763 667

Adjusted gross profit margin 36.2 % 37.3 % 36.9 % 37.2 %

Segment earnings margin 16.9 % 16.8 % 16.7 % 16.5 %

Specialty Services

Net revenues $ 893 $ 683 $ 2,235 $ 1,765

Adjusted gross profit 173 132 415 322

Segment earnings 112 81 243 181

Adjusted gross profit margin 19.4 % 19.3 % 18.6 % 18.2 %

Segment earnings margin 12.5 % 11.9 % 10.9 % 10.3 %

Total net revenues before corporate and eliminations (b) $ 2,555 $ 2,086 $ 6,794 $ 5,797

Total segment earnings before corporate and eliminations (b) 393 317 1,006 848

Segment earnings margin before corporate and eliminations (b) 15.4 % 15.2 % 14.8 % 14.6 %

Corporate and Eliminations

Net revenues $ (1) $ (1) $ (4) $ (3)

Adjusted EBITDA (43) (36) (110) (102)

Total Consolidated

Net revenues $ 2,554 $ 2,085 $ 6,790 $ 5,794

Adjusted gross profit 775 656 2,099 1,821

Adjusted EBITDA 350 281 896 746

Adjusted gross profit margin 30.3 % 31.5 % 30.9 % 31.4 %

Adjusted EBITDA margin 13.7 % 13.5 % 13.2 % 12.9 %

Notes:

(a)Information derived from non-GAAP reconciliations included elsewhere in this document.

(b)Calculated from results of the Company's reportable segments shown above, excluding Corporate and Eliminations.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Adjusted Segment Financial Information (non-GAAP)

(Amounts in millions)

(Unaudited)

Three Months Ended September 30, 2026 Three Months Ended September 30, 2025

As Reported Adjustments As Adjusted As Reported Adjustments As Adjusted

Safety Services

Net revenues $ 1,662 $ — $ 1,662 $ 1,403 $ — $ 1,403

Cost of revenues 1,065 (5) (a) 1,060 883 (4) (a) 879

Gross profit $ 597 $ 5 $ 602 $ 520 $ 4 $ 524

Gross profit margin 35.9 % 36.2 % 37.1 % 37.3 %

Specialty Services

Net revenues $ 893 $ — $ 893 $ 683 $ — $ 683

Cost of revenues 720 — 720 551 — 551

Gross profit $ 173 $ — $ 173 $ 132 $ — $ 132

Gross profit margin 19.4 % 19.4 % 19.3 % 19.3 %

Corporate and Eliminations

Net revenues $ (1) $ — $ (1) $ (1) $ — $ (1)

Cost of revenues (1) — (1) (1) — (1)

Total Consolidated

Net revenues $ 2,554 $ — $ 2,554 $ 2,085 $ — $ 2,085

Cost of revenues 1,784 (5) (a) 1,779 1,433 (4) (a) 1,429

Gross profit $ 770 $ 5 $ 775 $ 652 $ 4 $ 656

Gross profit margin 30.1 % 30.3 % 31.3 % 31.5 %

Notes:

(a)Adjustment to reflect the elimination of amortization expense related to backlog intangible assets.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Adjusted Segment Financial Information (non-GAAP)

(Amounts in millions)

(Unaudited)

Nine Months Ended September 30, 2026 Nine Months Ended September 30, 2025

As Reported Adjustments As Adjusted As Reported Adjustments As Adjusted

Safety Services

Net revenues $ 4,559 $ — $ 4,559 $ 4,032 $ — $ 4,032

Cost of revenues 2,881 (6) (a) 2,875 2,545 (11) (a) 2,533

(1) (b)

Gross profit $ 1,678 $ 6 $ 1,684 $ 1,487 $ 12 $ 1,499

Gross profit margin 36.8 % 36.9 % 36.9 % 37.2 %

Specialty Services

Net revenues $ 2,235 $ — $ 2,235 $ 1,765 $ — $ 1,765

Cost of revenues 1,820 — 1,820 1,443 — 1,443

Gross profit $ 415 $ — $ 415 $ 322 $ — $ 322

Gross profit margin 18.6 % 18.6 % 18.2 % 18.2 %

Corporate and Eliminations

Net revenues $ (4) $ — $ (4) $ (3) $ — $ (3)

Cost of revenues (4) — (4) (3) — (3)

Total Consolidated

Net revenues $ 6,790 $ — $ 6,790 $ 5,794 $ — $ 5,794

Cost of revenues 4,697 (6) (a) 4,691 3,985 (11) (a) 3,973

(1) (b)

Gross profit $ 2,093 $ 6 $ 2,099 $ 1,809 $ 12 $ 1,821

Gross profit margin 30.8 % 30.9 % 31.2 % 31.4 %

Notes:

(a)Adjustment to reflect the elimination of amortization expense related to backlog intangible assets.

(b)Adjustment to reflect the elimination of expenses associated with restructuring programs and related costs.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Adjusted Segment Financial Information (non-GAAP)

(Amounts in millions)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Corporate and Eliminations

Income before income taxes $ (91) $ (88) $ (273) $ (248)

Interest expense, net 27 24 73 82

Depreciation 2 2 6 4

Amortization 1 1 3 3

Systems and business enablement (a) 13 18 42 39

Business process transformation expenses (b) — — — 3

Acquisition and divestiture related expenses (c) 4 3 29 10

Other (d) 1 4 10 5

Corporate and Eliminations adjusted EBITDA $ (43) $ (36) $ (110) $ (102)

Notes:

(a)Adjustment to reflect the elimination of non-recurring costs associated with an end-to-end business systems implementation and primarily consist of third-party consulting fees related to system design, deployment, integration, and change leadership across the organization.

(b)Adjustment to reflect the elimination of expenses associated with the integration and reorganization of newly acquired businesses and non-operational costs related to technology and business enhancements, including systems and process development costs.

(c)Adjustment to reflect the elimination of transaction costs, integration costs, and gains and losses related to potential and completed acquisitions and divestitures.

(d)Adjustment includes miscellaneous non-recurring items, such as costs associated with debt refinancing and other capital market activities, and net gains related to building sales and facility exits.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Change in Segment Earnings (non-GAAP)

(Unaudited)

Change in Segment earnings

Three Months Ended September 30, 2026

Change in

Segment earnings

(public rates) Foreign

currency

translation (a) Change in

Segment earnings

(fixed currency) (b)

Safety Services 19.1% —% 19.1%

Specialty Services 38.3% —% 38.3%

Consolidated 24.6% —% 24.6%

Nine Months Ended September 30, 2026

Change in

Segment earnings

(public rates) Foreign

currency

translation (a) Change in

Segment earnings

(fixed currency) (b)

Safety Services 14.4% 1.3% 13.1%

Specialty Services 34.3% —% 34.3%

Consolidated 20.1% 1.2% 18.9%

Notes:

(a)Represents the effect of foreign currency on reported segment earnings, calculated as the difference between reported segment earnings and segment earnings at fixed currencies for both periods. Fixed currency amounts are based on translation into U.S. Dollars at fixed foreign currency exchange rates established by management at the beginning of 2026.

APi Group Corporation

Reconciliations of GAAP to Non-GAAP Financial Measures

Free Cash Flow and Adjusted Free Cash Flow and Conversion (non-GAAP)

(Amounts in millions)

(Unaudited)

Three Months Ended September 30, Nine Months Ended September 30,

2026 2025 2026 2025

Net cash provided by operating activities (as reported) $ 225 $ 232 $ 393 $ 377

Less: Purchases of property and equipment (27) (31) (76) (70)

Free cash flow 198 201 317 307

Add: Cash payments related to following items:

Contingent compensation (a) — — 1 1

Systems and business enablement (b) 31 37 97 79

Business process transformation expenses (c) — — — 4

Acquisition and divestiture related expenses (d) 11 — 38 10

Restructuring program related payments (e) (1) 5 5 17

Other (f) 1 5 10 16

Adjusted free cash flow $ 240 $ 248 $ 468 $ 434

Adjusted net income $ 219 $ 174 $ 556 $ 442

Adjusted free cash flow as a % of adjusted net income 109.6 % 142.5 % 84.2 % 98.2 %

Notes:

(a)Adjustment to reflect the elimination of expense attributable to one-time deferred consideration to prior owners of acquired businesses.

(b)Adjustment to reflect the elimination of non-recurring costs associated with an end-to-end business systems implementation and primarily consist of third-party consulting fees related to system design, deployment, integration, and change leadership across the organization.

(c)Adjustment to reflect the elimination of expenses associated with the integration and reorganization of newly acquired businesses and non-operational costs related to technology and business enhancements, including systems and process development costs.

(d)Adjustment to reflect the elimination of transaction costs, integration costs, and gains and losses related to potential and completed acquisitions and divestitures.

(e)Adjustment to reflect payments made for restructuring programs and related costs.

(f)Adjustment includes miscellaneous non-recurring items, such as costs associated with debt refinancing and other capital market activities, and net gains related to building sales and facility exits.

GRAPHIC

Filename: img23227469_0.jpg · Sequence: 6

Binary file (3613 bytes)

Download img23227469_0.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.3

Cover

Oct. 29, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Oct. 29, 2026

Entity Registrant Name

APi Group Corporation

Entity Incorporation, State or Country Code

Entity Tax Identification Number

98-1510303

Entity Address, Address Line One

1100 Old Highway 8 NW

Entity Address, State or Province

Entity Address, Postal Zip Code

55112

City Area Code

651

Local Phone Number

636-4320

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock, par value $0.0001 per share

Trading Symbol

APG

Security Exchange Name

NYSE

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0001796209

Entity File Number

001-39275

Entity Address, City or Town

New Brighton

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration