Advantage Solutions reports Q4 operating loss of $1.54B; FY2023 EBITDA guidance $400M-$420M

Advantage Solutions Inc.

2022-FY EPS reported -$4.33 revenue$4,049,742,000

Q4 revenue $1,102.8M (+6.8% YoY); FY2022 revenue $4,049.7M (+12.4% YoY), first time above $4B.
Q4 operating loss $1,537.5M includes $1,367.5M goodwill impairment and $205M intangible impairment.
Q4 net loss $1,421.7M vs. net income $28.0M in Q4 2021; FY2022 net loss $1,377.3M.
Q4 Adjusted EBITDA $112.7M (-26.9% YoY); FY2022 Adjusted EBITDA $436.0M (-16.3% YoY).
FY2023 Adjusted EBITDA guidance $400M-$420M, citing labor market, inflation, and macro headwinds.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Advantage Solutions Inc. reported the fourth quarter and full fiscal year ended December 31, 2022 results: revenue Revenues were $1,102.8 million for the fourth quarter of 2022, net income Net loss of $1,421.7 million for the fourth quarter of 2022. Guidance initiated.

Period: the fourth quarter and full fiscal year ended December 31, 2022
Revenue: Revenues were $1,102.8 million for the fourth quarter of 2022
Net income: Net loss of $1,421.7 million for the fourth quarter of 2022
Guidance: initiated
Result: reported results

Exact text from the filing

On March 1, 2023, Advantage Solutions Inc. (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0000950170-23-005513

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