Advantage Solutions Reports First Quarter Results with New Reporting Segments and Reaffirms its 2024 Outlook • 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 ...

Core Viewpoint - Advantage Solutions Inc. has sold its digital marketing agency Adlucent to BarkleyOKRP, aiming to simplify its portfolio and strengthen its financial position [1][3]. Group 1: Transaction Details - The sale of Adlucent, a performance media business acquired by Advantage in 2016, was completed without disclosing the terms [1]. - The proceeds from the sale will primarily be used to pay down debt [1]. Group 2: Strategic Rationale - The CEO of Advantage Solutions, Dave Peacock, stated that Adlucent will thrive better within a digital-focused independent agency like BarkleyOKRP, allowing Advantage to concentrate on its core growth efforts [2]. - The sale is part of a broader strategy to simplify Advantage's business model, enabling a stronger focus on core capabilities and improving the balance sheet [3]. Group 3: Business Context - Adlucent specializes in performance media activation across major paid channels, including search, social, and CTV, and has established relationships with significant platforms like Amazon, Google, Microsoft, and Meta [2]. - The sale follows a series of strategic moves by Advantage, including the divestiture of foodservice businesses and restructuring of its European joint venture [3].

Group 1 - Advantage Solutions Inc. will release its first quarter financial results on May 9, 2024, at 7 a.m. ET, followed by a conference call at 8:30 a.m. ET [1] - The conference call can be accessed via phone or through a webcast on the company's Investor Relations website [1] - A replay of the conference call will be available for a limited time after the call [1] Group 2 - Dave Peacock, CEO, and Chris Growe, CFO, will participate in the Morgan Stanley Business Services Conference on May 9, 2024 [2] - The conference will take place at the Morgan Stanley Headquarters in New York [2] Group 3 - Advantage Solutions is a leading provider of outsourced sales and marketing solutions, focusing on the intersection of brands and retailers [3] - The company offers data- and technology-driven services, including headquarter sales, retail merchandising, and omnichannel marketing [3] - Advantage Solutions operates throughout North America and has strategic investments in various global markets [3]

Group 1 - Advantage Solutions Inc. will release its first quarter financial results on May 9, 2024, at 7 a.m. ET, followed by a conference call at 8:30 a.m. ET [1] - The conference call can be accessed via phone or through a webcast on the company's Investor Relations website [1] - A replay of the conference call will be available for a limited time after the call, with specific access details provided [1] Group 2 - Dave Peacock, CEO, and Chris Growe, CFO, will participate in the Morgan Stanley Business Services Conference on May 9, 2024 [2] - The conference will take place at the Morgan Stanley Headquarters in New York [2] Group 3 - Advantage Solutions is a leading provider of outsourced sales and marketing solutions, focusing on the intersection of brands and retailers [3] - The company offers data- and technology-driven services, including headquarter sales, retail merchandising, and omnichannel marketing [3] - Advantage Solutions operates throughout North America and has strategic investments in various global markets [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Advantage Solutions Inc. Washington, D.C. 20549 (Exact name of registrant as specified in its charter) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38990 (State or other jurisdiction of incorporation or organiza ...

分组1 - Advantage Solutions Inc. reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.14 per share, and down from $0.49 per share a year ago, representing an earnings surprise of -57.14% [1] - The company posted revenues of $1.08 billion for the quarter, missing the Zacks Consensus Estimate by 5.41%, compared to $1.1 billion in the same quarter last year [1] - Over the last four quarters, Advantage Solutions has not surpassed consensus EPS estimates, and it has topped consensus revenue estimates only twice [1] 分组2 - The stock has added about 4.4% since the beginning of the year, underperforming the S&P 500's gain of 6.3% [2] - The current consensus EPS estimate for the coming quarter is $0.07 on revenues of $922.6 million, and for the current fiscal year, it is $0.50 on revenues of $4.16 billion [4] - The Zacks Industry Rank for Business - Information Services is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the industry [5]

2023 consolidated revenues were $4.2 billion, a year-over-year increase of 4.3%, and operating income was $76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted EBITDA declined 1.7% to $424.3 million but finished ahead of previous guidance.Solid performance in the fourth quarter resulted in operating income of $46.2 million and a 2% year-over-year increase in Adjusted EBITDA, which increased by 4.4% excluding foreign exchange, acquisitions and divesti ...

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Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024 • 2023 consolidated revenues were $4.2 billion, a year-over-year increase of 4.3%, and operating income was $76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted EBITDA declined 1.7% to $424.3 million but finished ahead of previous guidance. • Solid performance in the fourth quarter resulted in operating income of $46.2 mill ...

IRVINE, Calif., Feb. 09, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ:ADV) announced today that the company will release its fourth quarter and full-year 2023 results at 7 a.m. ET on Feb. 29, 2024, to be followed by a conference call at 8:30 a.m. ET on the same day. The conference call can be accessed live over the phone by dialing 1-877-407-4018 or, for international callers, 1-201-689-8471. A replay will be available three hours after the call and can be accessed by dialing 1-844-512-2921 or, ...