Jack Cauchi's questions to APi Group Corp (APG) leadership • Q1 2025
Question
Jack Cauchi of Barclays PLC asked where APi sees opportunities for further project pruning and how the company is coping with wage inflation among its service technicians.
Answer
President and CEO Russell Becker explained that significant, large-scale customer pruning is largely complete and is now an ongoing process of ensuring the company works with the right customers on the right type of work. Regarding wage inflation, he stated that APi has good visibility into future wage increases, particularly with its unionized workforce in North America. This allows the company to proactively build these costs into its proposals and pricing, supported by disciplined execution from business leaders.