Advantage Solutions Q3 revenue $1.1B, net loss $22.6M; sees FY adj EBITDA upper end of $400-420M

Advantage Solutions Inc.

2023-Q3 EPS reported -$0.25 revenue$3,145,097,000

Revenue $1,096M, +4.3% YoY; Marketing segment +15.5%, Sales -2.7%.
Net loss $22.6M vs net income $23.2M; operating income $16.0M vs $46.8M.
Adjusted EBITDA $113.1M, -4.3% YoY; FY2023 guidance raised to upper end of $400-420M.
Repurchased $56.8M of term loan at discount; net leverage ~4.2x.
Restructuring into three segments; divestiture of Atlas Technology Group.

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 0.98

Advantage Solutions Inc. reported three months ended September 30, 2023 results: revenue $1,096.1 million, net income Net loss in the quarter was $22.6 million. Guidance reaffirmed.

Period: three months ended September 30, 2023
Revenue: $1,096.1 million
Net income: Net loss in the quarter was $22.6 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Revenues for the third quarter were $1,096.1 million, up $45.0 million, or 4.3%, from third quarter 2022 revenues of $1,051.1 million.

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Source: SEC EDGAR

accession 0000950170-23-059749

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