Advantage Solutions (ADV) Earnings Transcript

Combined, our overall company delivered adjusted EBITDA of $88,000,000, which reflects the ongoing mix shifts toward more labor-intensive, lower-margin businesses. Our cash flow generation was strong, and in 2025, we generated $174,000,000 in unlevered free cash flow, a significant increase from $50,000,000 in the first half, representing over 100% unlevered free cash flow conversion, excluding the payroll timing factor. One reason for this was our successful SAP implementation earlier this year. Net free c ...