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APi Group Corporation
5/12/2021
Good morning, ladies and gentlemen, and welcome to API Group's first quarter 2021 financial results conference call. All participants are now in a listen-only mode until the question and answer session. Please note this call is being recorded. I will be standing by should you need any assistance. I will now turn the call over to Olivia Walton, Vice President of Investor Relations at API Group. Please go ahead.
Thank you. Good morning, everyone, and thank you for joining our first quarter 2021 earnings conference call. Joining me on the call today are Sir Martin Franklin and Jim Lilly, our board co-chairs, Russ Becker, our president and CEO, and Tom Lydon, our chief financial officer. Before we begin, I would like to remind you that certain statements in the company's earnings press release announcement and on this call are forward-looking statements, which are based on expectations, intentions, and projections regarding the company's future performance, anticipated events or trends, and other matters that are not historical facts. These statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In our press release and filings with the SEC, we detail material risks that may cause our future results to differ from our expectations. Our statements are as of today, May 12th, and we have no obligation to update any forward-looking statement we may make. As a reminder, we have posted a presentation detailing our first quarter financial performance on the investor relations page of our website. Our comments today will also include non-GAAP financial measures and other key operating metrics. The reconciliation of and other information regarding these items can be found in our press release and on our presentation. Before turning the call over to Martin, I'd like to thank everyone that participated in our first ever investor event on April 22nd. A replay of the webcast is available along with the presentation slides on the investor relations page of our website. It is now my pleasure to turn the call over to Martin.
Thank you, Olivia. Having just passed the one-year anniversary of our listing on the New York Stock Exchange, I'm proud of what we've accomplished so far as a public company, and I'm pleased to say that our original investment thesis that I reviewed with all of you at our investor event has proved to be progressing as well as we could possibly have hoped. Our first quarter results speak to the strength of the company's recurring revenue services-focused business model, which drives enhanced margins. We're excited about the organic prospects for the business and also believe there are significant opportunities to accelerate growth, service offerings, and margin expansion through continued strategic M&A. As many of you know, we have always maintained a disciplined approach when it comes to M&A. That will continue to be the case here, and we will remain focused on opportunities that will be accretive, not just to the financial profile of the company, but also to the cultural story of API and its commitment to leadership development. This is a hugely fragmented market space, and we are very well positioned to pursue a fertile selection of acquisition prospects. With that, I'll hand the call over to Russ.
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