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APi Group Corporation
2/23/2022
Good morning, ladies and gentlemen, and welcome to API Group's fourth 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 fourth quarter 2021 earnings conference call. Joining me on the call today are Russ Becker, our president and CEO, Kevin Crum, our executive vice president and chief financial officer, and Sir Martin Franklin and Jim Lilly, our board co-chairs. Before we begin, I'd 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, March 1st, and we have no obligation to update any forward-looking statement we may make. As a reminder, we have posted a presentation detailing our fourth 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 our presentation. It is now my pleasure to turn the call over to Martin.
Thank you, Olivia. We're very pleased with API's progress achieved in 2021 and even more excited about the opportunities that lie ahead for the business. The completion of the acquisition of the Chubb Fire and Security business on January 3rd, 2022 was an exciting milestone as we continue our evolution and growth as a public company. Chubb is a business with significant strategic value to API and one with multiple levers for value creation. We view APIs and Chubb's strengths and skill sets as complementary. Just as our capabilities and scale will help drive growth at Chubb, by the same token, the addition of Chubb enriches our overall portfolio. Our combined global reach as the world's leading life safety services provider is already unlocking incremental opportunities for us with multinational clients. We are thrilled to welcome all of the Chubb team members to the API family as the business shifts from a non-core asset to a paramount strategic priority within API. As the bar is being raised at the operating level, so too is the bench of senior management. Multiple hires have been made to incorporate our growing scale, and we feel very energized with the quality of the team moving forward. We have great confidence in the business and the direction we're heading and look forward to updating you on our progress in the coming months. Before handing over the call to Russ, I'd like to acknowledge with a heavy heart the passing of Lord Paul Miners in January. Paul was an outstanding director for API and someone who made the world a more interesting and better place. He'll be greatly missed. With that, Russ.
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