APi Group: Will Its International Business Optimization Be A Breakthrough Move? 

APi Group Corporation’s third-quarter 2024 financial results show both positive developments and some challenges. The company’s strategic focus on margin expansion and long-term growth initiatives is evident, although some near-term headwinds need to be addressed. On the positive side, APi Group continues to make progress towards its 13/60/80 Shareholder Value Creation Framework, which aims for an adjusted EBITDA margin of 13% by the end of 2025. The company’s leadership has emphasized several strategies to expand margins, such as improved pricing, increased inspection, service and monitoring revenue, disciplined customer and project selection, accretive M&A, and operational improvements including procurement efficiencies. As a result, adjusted EBITDA margins have improved by approximately 150 basis points year over year.