secwatch.observer — SEC 8-K summary
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Issuer:     Advantage Solutions Inc. (ADV)
CIK:        0001776661
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0000950170-23-005513
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/0000950170-23-005513-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776661/000095017023005513/adv-20230301.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-005513

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