Advantage Solutions Q2 rev +5.7% to $1.04B; net loss $7.8M; reaffirms FY Adj EBITDA guidance $400-420M

Advantage Solutions Inc.

2023-Q2 EPS reported -$0.17 revenue$2,049,038,000

Revenue $1.04B, up 5.7% YoY; Marketing segment +16.0% to $437M, Sales -0.7% to $600M.
Net loss $7.8M vs net income $3.7M YoY; operating income $22.3M vs $28.3M.
Adjusted EBITDA $104.2M, down 3.8% YoY; margin ~100bps decline.
Voluntarily repurchased $52.4M of term loan at discount; net leverage 4.3x.
Reaffirmed FY2023 Adj EBITDA guidance of $400M-$420M, including divestiture impact.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Advantage Solutions Inc. reported second quarter ended June 30, 2023 results: revenue $1,037.1 million, net income Net loss in the quarter was $7.8 million. Guidance reaffirmed.

Period: second quarter ended June 30, 2023
Revenue: $1,037.1 million
Net income: Net loss in the quarter was $7.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

% Sales $ 63,678 $ 71,753 $ (8,075) (11.3)% Marketing 40,534 36,569 3,965 10.8% Total Adjusted EBITDA $ 104,212 $ 108,322 $ (4,110) (3.8)% • Revenues for the second quarter were $1,037.1 million, up $56.0 million, or 5.7%, from second quarter 2022 revenues of $981.1 million. Excluding the impact of unfavorable foreign exchange rates and acquisitions / divestitures,

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Source: SEC EDGAR

accession 0000950170-23-038311

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