Advantage Solutions(US:ADV)2025-03-07 13:12Financial Performance - FY 2024 revenues reached $3.0 billion, reflecting an 11% year-over-year decrease, but experienced a 0.2% organic growth[16] - Adjusted EBITDA increased by 1.1% year-over-year to $356 million[16] - Adjusted Unlevered Free Cash Flow (FCF) amounted to $335 million, representing approximately 90% conversion[16] - The Net Leverage Ratio stood at 4.0x[16] Segment Highlights - Branded Services experienced challenges due to the macro environment, with revenues of $1.306 billion[50] - Experiential Services demonstrated strong client demand, driving revenue growth to $1.295 billion[55] - Retailer Services showed solid performance with improved execution, achieving revenues of $965 million[59] Strategic Initiatives - The company simplified its business by divesting non-core assets and re-segmenting operations[19] - IT transformation initiatives are being implemented to modernize systems for increased speed and accuracy, with an expected completion in 2026[28] - Workforce optimization is expected to unlock value by enhancing talent deployment in over 85,000 retail stores[33] Future Outlook - 2025 guidance indicates expectations for revenue and Adjusted EBITDA to grow by low single digits[69] - Adjusted UFCF conversion is projected to be greater than 50% of Adjusted EBITDA[69] - IT Transformation Capex for 2024-2026 is estimated at $140 million to $150 million[69, 78]