earnings
confidence high
sentiment negative
materiality 0.70
Advantage Solutions Q3 2024 revenues down 7.9% reported; net loss widens to $37.3M
Advantage Solutions Inc.
2024-Q3 EPS reported
-$0.46
revenue$2,674,039,000
- Revenues $939.3M, -7.9% reported, but organic revenues up ~2.4% driven by Experiential Services.
- Net loss from continuing operations $37.3M vs $29.6M loss in prior year; Adjusted EBITDA $100.9M, +8.1%.
- Experiential Services rev +11.1% organic, Adj EBITDA +40.5%; Branded Services rev -3.3% organic, EBITDA -3.8%.
- FY2024 outlook: low single-digit revenue & EBITDA growth; net interest expense reduced to $150-160M; capex $65-80M.
- Share repurchases ~$13M (~3.5M shares); debt and note repurchases ~$80M; net debt ratio 3.9x.