Advantage Solutions Reports First Quarter 2023 Financial Results and Reaffirms Annual Outlook
Advantage Solutions Inc. - Class A (ADV)
Company Research
Source: GlobeNewswire
IRVINE, Calif., May 10, 2023 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we” or “our”), a leading provider of outsourced sales and marketing services to consumer goods manufacturers and retailers, today reported financial results for its first quarter ended March 31, 2023. Revenues grew 10.6% year-over-year, up 12.1% excluding foreign exchange, to reach $1.0 billion, and EBITDA reached $92.1 million, down 4.8% year-over year. The quarter came in ahead of our internal expectations driven by a stronger revenue performance. “It has been a busy and productive first quarter at Advantage,” said Advantage Solutions CEO, Dave Peacock. “In my first 90 days, we have built out our executive team with experienced leaders from best-in-class consumer and retail companies, and now have the foundation in place to simplify our core offerings while simultaneously building the business for the future. With each day, I grow increasing
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- Advantage Solutions Reports First Quarter Results with New Reporting Segments and Reaffirms its 2024 OutlookGlobeNewswire
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Earnings
- 5/9/24 - Miss
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Analyst Actions
- 3/1/24 - TheStreet
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Sec Filings
- 5/10/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/2/24 - Form 4/A
- ADV's page on the SEC website