APi Group Reports Net Income of $26 Million for the First Quarter of 2023

APi Group Corporation,(APJ) a leading provider of safe ty, specialty, and industrial services, announced its financial results for the first quarter of 2023. The company reported a net income of $26 million during this period, demonstrating significant growth compared to a loss of $7 million in the same quarter of the previous year. APi Group's revenue also witnessed robust performance, reaching $1.6 billion, representing a substantial increase from $1.5 billion in the first quarter of 2022.

Key Financial Figures

The following are the key financial figures reported by APi Group for the first quarter of 2023:

Net Revenues: APi Group recorded net revenues of $1.6 billion, showing a year-over-year increase of approximately 10%.