secwatch.observer — SEC 8-K summary
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Issuer:     Advantage Solutions Inc. (ADV)
CIK:        0001776661
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000950170-24-056245
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1776661/000095017024056245/0000950170-24-056245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1776661/000095017024056245/adv-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-056245

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer