APi Aims To Transform Chubb Into Leading Safety / Security Provider Analyzed
Chubb Fire and Security struggled for years, admits APi, who acquired the company for $3.1 billion 2 years ago.
*** *** *** *** ******** ****** the "*****'* ******* **** ****** *** Security ******** ********", ********** ******** ******* and ****** ****** *** *** ********.
** **** ****, **** ******** ***’* latest********* ******, *** ********** ************ **** ******** ****, *** ********** **** *** ********** during * ***. **, ************ ****, ** **** ****** ** *** following *****:
- *****'* ******** ********
- ***** **************
- ************* ************
- ********* ***** *** ***
- ****** ** **** *******
- *********** **********
- ****** *************
Chubb ******** ********
***, ***** ** *** ********, *********, completed *** ******** ** ******, *******-***** fire ********** *** ******** ************** ******* ****. ******* ***** ** $3.1 *******, *** **** *** ******** ~$2.9 ******* ** **** *** ~$*** million ** ****. *** ********* ***** from *******-************ ****** ****.
*** **** ***** ***** $* ******* to ***'* ***-**** ****** ******* *** widened *** ****** ********, *** ******* doubled *** ********* ** ****** **,***. It **** ******** *** **** ******* concentration ** *** ******** ********, ** well ** ******** *** ********* *** relatively ****-****** **********, **********, *** ********* revenue.
********** ********, ********* ****** *** *********, CCTV & ***** ************, ****** ***********, integrated ******** *********, *** ****** *******, represented ***** ** ******* ** *****'* approximately $*.* ******* ** **** *******, or $*** *******, ********* ** ***. Of **** *******, **% ** **** service *********.
*** **** ** *****'* ******** ***** from **** ********* *** ******, ******* monitoring, *** ******** **** *************. ***** has *** ******** *********, ******** ** 17 *********, *** *** ** ********** centers ** ** *********, ********* ** APi.
25% ******** ****** *****
*** ** ***'* ***** ** ****** over ***** **** ******* *** ** reorganize *** ******* ** **** **** costs *** **** ** ******* ******.
** ****, ****** *** *********** *** completed, ***** *** ** ************ ******** (more **** **% ** *** *****), according ** ***, **** ** ***** were ** ******, ** *** ***** excerpt ***** *****:
*** **** ** **** **% ** Chubb ******** ********** ** **** *** have ***% ** **** ********** ** 2024.
** **** ***, *** *** ******** on * *****-**** ************* ****, ******** to **** ** ***** $*** *******, according ** *** *******'***-* *** ****.** ***, *** ******* *** ******* $30 ******* ******* ****, "******* ** costs ********** **** ********* **********."
Profitability ************
*** ********** ***** ****** *** ** 2022 ******** **** **** ***** ************* efforts, ******* ***** $** ******* ** 2022, **** ******* ***** "*****." *** company *** ******** $* ******* ** $10 ******* ** ******* ** *** as * ****** ** *** **********,*** ***** *********.
5 ***** **** *******
***** *****'* ****** ** *** **** high ****** (********* ** *** ***** of * - **%), *** ******** that *** **** * ****** *****'* revenue *** **** ****:
******** ** *5-year **** ** *% ****** *** *********, Chubb delivered solid organic growth in 2022 despite COVID-19 supply chain disruptions, inflation and a difficult macro environment. [emphasis added]
*************, **** ***** ***** **** ************* behind *** ******. **** ******** * market **** ** *% ******** ***** should **** ***** ~**% ***** ** that *-**** ******.
Revenue ****** ****
****** *** ******** ************, *** **** pointed *** **** ***** ****** ****-****-**** quarterly ****** ******** ** ** **** after ******* ****-****-**** ******* ****** ** Q3 ****, ** ****, *** ** 2022.
2023 ** **** *** $***+ ******* *******
*** **** ** ******* * ** 9% ****** ******* ****** *** *** next * ***** ***** *****, ** achieved ******** *****'* ******* ** $***+ million:
Profit ****** ********* ******** ** */****
** *** **** ****, *** ******* intends ** ******** *** ******** ****** from * **** *% ** ** improved **%:
Strategic ****** *** ***
***** **** ************* ******* *** ******* size ** ***'* ********, *** ***** acquisition ******* *** ****** ** ****.******* ***** *** ******** ** * ********* *********** *******, APi ******* *************, ***********, ************, *** *********** ** critical ************** ** **** ** ******** systems **** ** **** **********, **** and ******** *******.
****** *** ***** ****, ***'********** ***************, ** *** **************-******* ********, *********** contributed **% ** *** *******, ***** its****** *************** (******** ******* **** ** **** protection, **** *** ********) *********** **%. With *** ******** ** *****, *** Safety ******** ***** ****** ** **% of ***** ******* ** ****.
******* ************* ** ****** *** ******** comes **** * ******* ** *** "specialty ********," ** **************-*******, ******* *** to *** ****** ** ********.
****** ******* ******* ** ********* ******** dropped *.*% ** $*** ******* ******** with $*** ******* ** *** *****-**** period, *** ******* **** ** ***** ******** *******. ******** ***** ****** **** ******** by ** ***** ****** ** **.*% in *** ******* ******** **** ** 2021, ****** ****** ** ************ ********* and ************ ***********.
*** ** **** ******** ** ****** from * -- **** *** ***** about ** **** * ********** ***********, is ** * ****** **** *****.
Impact ** **** *******
***** ******* *** **** **** ** 66%, ** $*.* ******* ******** **** $3.9 ******* ** ****, ******* ******* of *** ********* ** *****. ******* also **** ** ** ******* ***** by **.*% *** *** ****, ********* driven ** ****** ******** *******.
*******, *** ***** *********** *** **** increased **** ** ***'* ******** ** proportion ** *******, ************ *** **********-******* costs. *** *******'* *******, ******* *** administrative ******** **** ** **.*% ** revenue ** **** ******** **** **.*% of ******* ** ****.
******** *** ****** *** *** **** was $** *******, ** **.*% **** $47 ******* ** ****.
** ** ******** *****, ********* ******** transformation, *********** ** ************ *** ***** one-time *******, *** ****** *** **** was $*** *******, ** **% **** $218 ******* ****, ********* ** *** company's** ******** *******.
******** ***** ****** **** ** *** basis ****** *** *** **** ** 26.8%, ****** ** ***** **** ** the ***** *********** *** "** ******** mix ** ********** ******* *** ********** revenue,"********* ****** *** ** ******** ****.
******** ****** *** *** **** *** $673 *******, ************ **.*% ** *** revenue.
Integration **********
** *** **** **-*, *** ********* the ******* ** ********** ***** **** its ****** ****** ******* *** *********** it ** "*******, ****** *** ****-*********." The ******* *********:
***** ** **** ******* **** ********** in ********* ******** ******** ** *** seller ** *** ***** *********** **** capabilities *** ******* ****** [***] ** third *******, *********** ****** *****, *** third ***** ******* **** [***'*] ******* systems ***** **** *********** ********** **** impact *** ********.
***** ********** ***** ******* "************ ************** dispersed *************," ************ * ******** ****, regulatory ******* *** "********* ******** *********," according ** *** ******.
****** *** ** ******** ****, ********** acknowledged **** *** ************* ******** *** 2023 *** ******* ****** **** ********* anticipated. ** ** ******* ***** ** November ****, *** *** **** ************* costs **** ******** ** ** ****** $30 ** $** ******* ** ****. Executives ****** *** ******** **** ** February **** ******** * ******* *********** of $** ******* ** $** ******* for **** ****.
****** **** ****** *** ******** **** that *** "******* *******" *** "*** changed," *** *** *** ******* *** "more ******* ****** *** **********." ****** added **** *** ******* ** ******** to *** ******* **** *** ************* and "***** ******* *************" ***** *** hopes ** ***** $*** ******* ** 2025.
**'** *** **** ******** **** ******** surprises, *** **** ***********, **** ** have ***** *** **** ********** *** excitement ***** *** ***********.
Growth *************
***'* ****** ********* **** *********** *********** ********, ***'* ********,**** *** ****** *** **** ** 2019.
**** *** ********* ** *****, *** was **** ** *** ** *** substantial ********* ******** ****. *** ******* continued ****** ************* ** ****** ** it ******* *** ****** ********.
*** **** ***** ** ******** ******* for **** *&* ************* ** ****.
****** **** ****** *** ******** ****:
** **** * *** ** ***** that ** *** ******** ** ****** and *** ****** ******* ** ****** get ** **** ***** *** **** forward **** *** ***** ***** ** M&A ** **** ****** ****.
*** *** **** **** **** ** acquisitions ***** ****, ** * **** of ***** * ***** *** ****. But ***** ** *** *******, ************ the ******** ******* **** **** *** called *** "*****’* ******* **** ****** services ********."
*******, *** ******* *** **** ******* on **** ********** ***-**** ******* *** increasing *** ********** ** ******* **** is *********, ********* **** **********, **********, and ******* *********.
