APi Group Corporation Added to S&P 400 Industrials: A Business Services Provider with Global Reach

APi Group Corporation has been added to the S&P 400 Industrials index. The company provides business services globally, including fire and life safety, security, elevator and escalator, and specialty services. Its segments include Safety Services, which focuses on integrated occupancy systems, and Specialty Services, which offers infrastructure services and specialized industrial plant services.

APi Group Corporation (NYSE: APG) has been added to the S&P MidCap 400 index, effective before trading begins on Tuesday, June 24. The addition of APi Group replaces United States Steel Corporation (NYSE: X), following Nippon Steel Corporation’s (TSE: 5401) acquisition of United States Steel, which closed on Wednesday [1].

APi Group, classified under the Industrials sector, will be added to the S&P MidCap 400 while United States Steel, from the Materials sector, will be removed from the index. The S&P MidCap 400 is a benchmark index that measures the performance of mid-sized U.S. companies. Index changes typically occur when constituent companies undergo significant corporate actions such as mergers, acquisitions, or substantial changes in market capitalization [1].

APi Group, founded in 1926, provides life safety and specialty services globally. It operates through the Safety Services and Specialty Services segments. The Safety Services segment offers fire protection solutions, HVAC, and entry systems, including design, installation, inspection, and service of these integrated systems. The Specialty Services segment provides infrastructure services and specialized industrial plant services, including maintenance and repair of critical infrastructure such as electric, gas, water, sewer, and telecommunications infrastructure [2].

APi Group has shown strong financial performance recently. In its Q1 2025 earnings call, the company reported adjusted earnings per share (EPS) of $0.37, beating the consensus of $0.36. The company also raised its full-year revenue view to $7.4 billion to $7.6 billion [3]. Analysts have been bullish on APi Group, with several firms maintaining buy ratings and raising price targets [3].

The addition of APi Group to the S&P MidCap 400 index reflects its growing significance in the Industrials sector and its strong financial performance. Investors should closely monitor the company's earnings reports and market developments to assess its potential impact on the index.

References:
[1] https://www.investing.com/news/company-news/api-group-to-join-sp-midcap-400-replacing-us-steel-93CH-4102266
[2] https://www.cnn.com/markets/stocks/APG
[3] https://www.tipranks.com/stocks/APG