Highest-materiality recent filing
Advantage Solutions Q1 revenue +5.8% to $869.6M, net loss widens to $71.8M, EBITDA up 16.4%
Revenue $869.6M (+5.8% YoY); net loss $71.8M vs $56.1M loss in prior year.
Advantage Solutions completes debt exchange: $559M new 9% notes due 2030, $1.035B term loan
Exchanged $590.6M of 6.50% existing notes for $559.1M of 9.000% notes due 2030 and $43.7M cash.
Q4 revenue $932.1M (+4.5% YoY); net loss $161.7M vs $177.9M loss in prior year.
Advantage Solutions: >99% of 6.5% Senior Secured Notes tendered for 9% notes due 2030
$589.9M principal (99.13% of outstanding) tendered; consent to eliminate covenants and release collateral obtained.
Advantage Solns enters debt support agreement; launches exchange offer for 9% notes due 2030
Transaction Support Agreement covers ~59.2% of existing notes and ~54.3% of term loans to extend maturities.
Advantage Solutions receives Nasdaq delisting notice for bid price below $1.00
Received Nasdaq notice on Jan 7, 2026 for non-compliance with minimum $1.00 bid price.
Advantage Solutions Q3 net income $21M vs loss; cuts FY Adj EBITDA outlook
Q3 revenue $915M (-2.6% YoY); net income $21M vs loss $37M a year ago.
Revenue $874M, flat YoY; net loss narrows to -$30M vs -$113M prior year.
Advantage Solutions Q1 revenue down 5% to $822M; lowers FY2025 guidance
Net loss widened to $56M from $50M; Adjusted EBITDA fell 18% to $58M.
Advantage Solutions Q4 adjusted EBITDA rises 8.9% to $94.6M; FY revenue falls 8.6% to $3.57B
Q4 revenue $892.3M (-10% reported, -2.4% organic); FY revenue $3,566.3M (-8.6% reported, +1% organic).
Advantage Solutions Q4 rev down 10%, Adj EBITDA +8.9%; net loss $178M
Q4 revenue $892.3M (-10% reported, -2.4% organic); full year $3.57B (-8.6% reported, +1% organic).
Advantage Solutions Chief Accounting Officer Bevin Conley Resigns Effective February 7, 2025
Bevin Conley notified Advantage Solutions of her resignation as Chief Accounting Officer and principal accounting officer on January 2, 2025.
Advantage Solutions Q3 2024 revenues down 7.9% reported; net loss widens to $37.3M
Revenues $939.3M, -7.9% reported, but organic revenues up ~2.4% driven by Experiential Services.
Advantage Q2 rev $873M (-9%); net loss $101M; reaffirms FY24 low-single-digit growth
Total revenues $873M (-9.4% y/y); ex-EU JV deconsolidation, underlying rev +1%.
Advantage Solutions closes $185M sale of Jun Group to Verve Group
Gross proceeds of $185M; $130M cash received at close on July 31, 2024.
Advantage Solutions to sell Jun Group to Verve Group for $185M; proceeds to pay down debt
Gross proceeds of ~$185M; $130M cash at close plus two installments at 12 and 18 months post-close.
Advantage reports Q1 revenue $906M, -10% YoY; adjusted EBITDA $79M in line; reaffirms FY24 outlook
Revenue $906M (-10% YoY); +1% ex-divestitures, FX, pass-through costs.
FY 2023 revenue $4.2B (+4.3% YoY); operating income $76.2M; net loss $60.3M.
Advantage Solutions sells foodservice business collection for $100M to form Acxion Foodservice
Total proceeds of ~$100M, predominantly cash, plus a 7.5% stake in the combined entity Acxion Foodservice.
Advantage Solutions Q3 revenue $1.1B, net loss $22.6M; sees FY adj EBITDA upper end of $400-420M
Revenue $1,096M, +4.3% YoY; Marketing segment +15.5%, Sales -2.7%.
Revenue $1.04B, up 5.7% YoY; Marketing segment +16.0% to $437M, Sales -0.7% to $600M.
Revenue $1.012B, up 10.6% YoY (+12.1% ex-FX); Marketing segment up 23% on in-store sampling recovery.
Jim Kilts named Chairman of Advantage Solutions board; CFO receives 1.8M option grant
Jim Kilts appointed Chairman effective March 31, 2023, succeeding Tanya Domier who retired.
Advantage Solutions appoints new CFO, CHRO, and CCO; CFO Brian Stevens transitions out
CFO Brian Stevens to transition out effective March 27; will remain as non-executive employee through August 1, eligible for severance.
Advantage Solutions reports Q4 operating loss of $1.54B; FY2023 EBITDA guidance $400M-$420M
Q4 revenue $1,102.8M (+6.8% YoY); FY2022 revenue $4,049.7M (+12.4% YoY), first time above $4B.
Advantage Solutions receives Nasdaq notice for Audit Committee noncompliance
Nasdaq notified Advantage Solutions on Jan 25, 2023 of noncompliance with Listing Rule 5605(c)(2) requiring at least three independent directors on Audit Committee.
Jill Griffin resigned as CEO and director effective January 16, 2023.
Advantage Solutions increases ABL revolver to $500M, extends maturity to Dec 2027
Second Amendment to ABL Credit Agreement increases revolving commitments from $400M to $500M.
Effective as of June 30, 2025, Michael Taylor will become the Company’s Chief Operating Officer, Retailer and Experiential Services.
Effective as of June 30, 2025, Ms. Young will cease to serve as Chief Operating Officer, Experiential Services, and will continue with the Company as a non-executive employee assisting on certain projects.
On March 19, 2025, the board of directors of Advantage Solutions Inc. (the “Company”) appointed effective as of March 24, 2025, Daniel Gore, age 56, as the Chief Accounting Officer and principal accounting officer of the Company
On March 5, 2025, Jack Pestello informed the Company that he intends to resign as the Company's Chief Operating Officer, Branded Services, effective on the Role Conversion Date (as defined below).
approved the appointment of Dean General to succeed Jack Pestello as the Company's Chief Operating Officer, Branded Services, effective March 24, 2025.
On January 2, 2025, Bevin Conley, the Chief Accounting Officer and principal accounting officer of Advantage Solutions Inc. (the “Company”), notified the Company as to her intent to resign from her positions with the Company effective as of February 7, 2025, in order to pursue another career opportunity.
She replaces Dean Kaye as the principal accounting officer of the Company, who ceased to serve in such role effective upon Ms. Conley’s appointment.
On December 28, 2023 the board of directors of Advantage Solutions Inc. (the “Company”) appointed Bevin Conley, age 48, as the Chief Accounting Officer and principal accounting officer of the Company
The Board appointed Adam Levyn, effective as of October 20, 2023, as a Class III director to fill the vacancy left by Mr. Sokoloff’s resignation and to serve until the Company’s 2026 annual meeting of stockholders or his earlier resignation, retirement or removal.
On October 17, 2023, Advantage Solutions Inc. (the “Company”) received a notice from Jon Sokoloff informing the Company of his resignation from the Company’s board of directors (the “Board”) effective as of October 20, 2023.
On August 8, 2023, Dean Kaye, the Chief Financial Officer - North America, and principal accounting officer of Advantage Solutions Inc. (the “Company”), has notified the Company as to his intent to resign from his positions with the Company effective as of February 1, 2024.
On May 22, 2023, the board of directors (the “Board”) of Advantage Solutions Inc. (the “Company”) appointed Jody L. Macedonio, effective as of May 24, 2023, to fill a vacancy on the Board, as a Class II director and to serve until the Company’s 2025 annual meeting of stockholders or her earlier death, resignation or removal.
Max materiality 0.85 · Median 0.60 · Most common event leadership