Advantage Solutions Reports First Quarter Results with New Reporting Segments and Reaffirms its 2024 Outlook
Advantage Solutions Inc. - Class A (ADV)
Company Research
Source: GlobeNewswire
Management reaffirms its 2024 outlook as first-quarter results met expectations despite soft market conditions and higher-than-expected costs and investments.Inclusive of discontinued operations, revenues were $906 million, a 10% decline compared to the prior year and an increase of 1% when excluding the impact of divestitures, foreign exchange, and pass-through costs. Operating income was $31.3 million, which included a gain on a divestiture. Adjusted EBITDA was $79 million, which was in line with expectations.Disciplined capital allocation with debt and share repurchases of $51 million and $11.7 million, respectively.The Company completed the sale of Adlucent, a performance media agency, on May 1, 2024 representing the latest strategic move to focus on its core capabilities and build a strong balance sheet to enable growth. ST. LOUIS, May 09, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV) (“Advantage,” “Advantage Solutions,” the “Company,” “we,” or “our”),
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ADV
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
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