{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-023863","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2022-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.075864+00:00","generated_at":"2026-06-22T01:44:05.730146+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Advantage Solutions Q3 revenue up 13% but misses earnings; cuts FY22 Adj. EBITDA guidance to $430-440M","bullets":["Q3 revenue $1,051.1M (+13.2% YoY); operating income $46.8M (-28.6%); net income $23.2M (-4.5%).","Adjusted EBITDA $118.3M, -11.6% YoY; lowered FY22 guidance to $430-440M from $490-510M.","Labor shortages, wage inflation, and macro headwinds slowing expected rebound; pivot to de-leveraging balance sheet.","Marketing segment (+22% YoY) driven by sampling/demo recovery; sales segment (+8%) from retail merchandising.","Management expects sampling/demo business to continue rebuilding in 2023; less emphasis on M&A near term."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-023863","json":"https://secwatch.observer/filing/0000950170-22-023863.json","markdown":"https://secwatch.observer/filing/0000950170-22-023863.md","text":"https://secwatch.observer/filing/0000950170-22-023863.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017022023863/0000950170-22-023863-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017022023863/adv-20221109.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T01:44:05.730146+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd3839ca91219eb6a109506c168fdf5fca4897ac","claim":"Advantage Solutions Inc. reported the three months ended September 30, 2022 results: revenue $1,051.1 million, net income $23.2 million. Guidance lowered.","evidence_excerpt":"ahead, I remain confident that Advantage remains in a strong position to drive profitable growth as market conditions normalize.” Third Quarter 2022 Highlights • Revenues were $1,051.1 million for the third quarter of 2022, representing an increase of $122.3 million, or 13.2%, from the third quarter 2021 revenues of $928.8 million. • Operating income was $46.8 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017022023863/0000950170-22-023863-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$1,051.1 million"},{"label":"Net income","value":"$23.2 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}