Advantage reports Q1 revenue $906M, -10% YoY; adjusted EBITDA $79M in line; reaffirms FY24 outlook

Advantage Solutions Inc.

2024-Q1 EPS reported -$0.02 revenue$879,003,000

Revenue $906M (-10% YoY); +1% ex-divestitures, FX, pass-through costs.
Net loss $3.1M vs $47.7M loss last year; operating income $31.3M with gain on divestiture.
Segment: Branded Services rev -22.6%, Experiential +19.5%, Retailer -6.3%; Adj. EBITDA $78.8M.
Repurchased $51M in notes, $11.7M in shares (5M YTD); net leverage 4.2x.
Sold Adlucent May 1; reaffirms FY24 low-single-digit revenue/EBITDA growth.

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 0.9

Advantage Solutions Inc. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

today reported financial results for its first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950170-24-056245

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