APi Group Corp (NYSE:APG)
$ 38.25 -0.07 (-0.18%) Market Cap: 10.49 Bil Enterprise Value: 13.22 Bil PE Ratio: 0 PB Ratio: 4.35 GF Score: 76/100

APi Group Corp at Barclays Industrial Select Conference Transcript

Feb 22, 2024 / 06:50PM GMT
Release Date Price: $35.11 (+1.77%)
Unidentified Analyst

Next session, it's my pleasure to have here APi Group. CFO, Kevin Krumm, Adam Fee in Investor Relations. So thanks very much, Kevin and Adam, for being here.

Questions & Answers

Unidentified Analyst

I think first question, perhaps and I'll just talk about recurring service is something that's been a big focus for APi Group since the IPO. You have that target of kind of 60%-plus share of recurring service. I guess a couple of things on that point. One is it's a term we hear from many companies here that means slightly different things to different people. So what's APi's definition? And then what's the kind of strategy to get that share of the total recurring business up?

Kevin S. Krumm
APi Group Corporation - Executive VP & CFO

Yes, sure. First, thanks for the invite. We appreciate being here. Appreciate your support. Yes, you said since the IPO, the thing I would say is really the service and growing service as a percent of our overall revenue for APi Group has really been a core focus since

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