{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-022633","form_type":"8-K","ticker":"ADV","cik":"0001776661","company_name":"Advantage Solutions Inc.","filed_at":"2024-02-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.485879+00:00","generated_at":"2026-06-05T07:10:03.528220+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Advantage Solutions beats 2023 guidance; revenue up 4.3%, adj EBITDA $424M; guides low-single-digit growth for 2024","bullets":["FY 2023 revenue $4.2B (+4.3% YoY); operating income $76.2M; net loss $60.3M.","Full-year Adjusted EBITDA $424.3M (-2.7% YoY but ahead of prior guidance).","Q4 revenue $1.08B (-2.1% YoY); Adj EBITDA $114.9M (+2% YoY, margin 10.6%).","Foodservice divestiture for ~$100M cash + 7.5% stake; European JV deconsolidated to 49.6% minority.","2024 guidance: low single-digit growth in rev & Adj EBITDA; capex $90-110M; net leverage target <3.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-022633","json":"https://secwatch.observer/filing/0000950170-24-022633.json","markdown":"https://secwatch.observer/filing/0000950170-24-022633.md","text":"https://secwatch.observer/filing/0000950170-24-022633.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/0000950170-24-022633-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/adv-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T07:10:03.528220+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":"09d990c37b5e61d4856ab8ca3d0cd0f4dcba2491","claim":"Advantage Solutions Inc. reported the fiscal full year ended December 31, 2023 results: revenue $4.2 billion, net income $60.3 million net loss.","evidence_excerpt":"--- EX-99.1 Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024 • 2023 consolidated revenues were $4.2 billion, a year-over-year increase of 4.3%, and operating income was $76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1776661/000095017024022633/0000950170-24-022633-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal full year ended December 31, 2023"},{"label":"Revenue","value":"$4.2 billion"},{"label":"Net income","value":"$60.3 million net loss"},{"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"}