Advantage Solutions(ADV)
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Advantage Solutions(ADV) - 2024 Q3 - Earnings Call Presentation
2024-11-08 15:27
Financial Performance - Revenues for 3Q'24 were $101 million, a decrease of 10% year-over-year, but with a 2% organic growth[6] - Adjusted EBITDA for 3Q'24 was $69 million, an increase of 8% year-over-year[6] - Adjusted Unlevered Free Cash Flow (FCF) conversion was 67% for 3Q'24[6] - Net Debt/LTM Adjusted EBITDA ratio was 3.9x[6] - The company paid down approximately $80 million of debt[7] Segment Performance - Branded Services revenues decreased by 4% excluding the impact of the deconsolidation of European JV in 4Q'23 and pass-through costs[25], with an Adjusted EBITDA margin of 172%[26] - Experiential Services revenues increased by 12% excluding pass-through costs[28], with Adjusted EBITDA up 41%[28] and an Adjusted EBITDA margin of 92%[28] - Retailer Services revenues increased by 2%[30], with Adjusted EBITDA up 11%[30] and an Adjusted EBITDA margin of 109%[30] Balance Sheet and Capital Allocation - Total Net Debt was $1528 billion as of September 30, 2024[33] - Cash balance of $196 million[39] - Voluntary debt repurchases year-to-date through 9/30/24 totaled $158 million (face value)[39] - Share repurchases in 3Q'24 amounted to approximately $13 million / 35 million Shares[39] Outlook - The company reaffirmed its 2024 guidance, expecting low single-digit revenue and Adjusted EBITDA growth[18] - Adjusted Unlevered FCF conversion is expected to be at the high end of the guidance range of 55%-65% of Adjusted EBITDA[41]
Advantage Solutions Inc. (ADV) Misses Q3 Earnings Estimates
ZACKS· 2024-11-07 14:56
Advantage Solutions Inc. (ADV) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.11 per share. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -72.73%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced a loss of $0.02, delivering a surprise of -120%.Over the last four quarters, the compan ...
Advantage Solutions(ADV) - 2024 Q3 - Quarterly Results
2024-11-07 12:13
Financial Results 3rd Quarter 2024 Advantage Solutions Reports 2024 Third Quarter Results and Remains on Track to Achieve Its Full-Year Outlook Delivered revenues and Adjusted EBITDA growth during a year of investment. Transformation is progressing to enhance core service capabilities with greater operating efficiencies. Remain committed to growing 2024 revenues and Adjusted EBITDA by low single digits on a continuing operations basis. ST. LOUIS, Nov. 7, 2024 – Advantage Solutions Inc. (NASDAQ: ADV) ("Advan ...
Advantage Solutions Announces Date for its 3Q'24 Financial Results and Conference Call
GlobeNewswire News Room· 2024-10-25 18:47
Group 1 - Advantage Solutions Inc. will release its third-quarter financial results on November 7, 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 event [1] Group 2 - Advantage Solutions is the leading omnichannel retail solutions agency in North America, positioned at the intersection of consumer-packaged goods (CPG) brands and retailers [2] - The company utilizes data- and technology-powered services to help brands and retailers generate demand and enhance product accessibility [2] - Advantage Solutions has a presence throughout North America and strategic investments in select international markets [2]
Advantage Solutions(ADV) - 2024 Q2 - Earnings Call Presentation
2024-08-11 13:23
| --- | --- | --- | --- | |------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | 2Q 2024 | | | | | Earnings Presentation | | | | | August 7, 2024 | | | | | | | | | 1 Disclaimer Forward-Looking Statements Certain statements in this presentation may be considered forward-looking statements within the meaning of the federal securities laws, including statements regarding the expected future performance of Advantage's business and projected financial results. Forward-looking statemen ...
Advantage Solutions(ADV) - 2024 Q2 - Earnings Call Transcript
2024-08-11 13:23
Start Time: 10:00 January 1, 0000 10:48 AM ET Advantage Solutions Inc. (NASDAQ:ADV) Q2 2024 Earnings Conference Call August 09, 2024, 10:00 AM ET Company Participants Dave Peacock - CEO Chris Growe - CFO Sean Choksi - SVP, Strategy and M&A Ruben Mella - VP, IR Conference Call Participants Greg Parrish - Morgan Stanley Joseph Vafi - Canaccord Faiza Alwy - Deutsche Bank Tyler Pierce - BNP Paribas Operator Greetings, and welcome to the Advantage Solutions Second Quarter 2024 Earnings Call. At this time, all pa ...
Advantage Solutions(ADV) - 2024 Q2 - Quarterly Report
2024-08-09 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 Advantage Solutions Inc. (Exact name of registrant as specified in its charter) Delaware 83-4629508 (State or other jurisdiction of incor ...
3 Gamma Short-Squeeze Stocks That Could ‘Moon' Next Month
Investor Place· 2024-08-08 17:15
Looking at short-squeeze stocks in this risk-off environment may seem a little crazy to most investors. Indeed, I agree with you. However, it could still make sense to have some “fun money” in high-risk, high-reward picks. That’s because such stocks provide big potential payoffs, if the economic cycle shifts. Certain stocks may deliver triple-digit returns or more and “moon” if the stars align just right.I believe it’s wise to at least have these opportunities on your radar. While I won’t be looking at stoc ...
Advantage Solutions Inc. (ADV) Reports Q2 Loss, Misses Revenue Estimates
ZACKS· 2024-08-07 14:02
Advantage Solutions Inc. (ADV) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.10. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -120%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced a loss of $0.16, delivering a surprise of -300%.Over the last four quarters, the company has not been a ...
Advantage Solutions Receives Amazon's Inaugural Gold Tier Award, Reflecting Excellence in Omnicommerce Performance
GlobeNewswire News Room· 2024-08-06 12:00
ST. LOUIS, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Advantage Solutions Inc. (NASDAQ: ADV), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, announced today it has been named one of the first companies to win Amazon’s inaugural Gold Tier award. Amazon’s Gold Tier award recognizes direct fulfillment vendors that have a 96% or better score for on-time, accurate delivery. Advantage is an industry leader in omnichannel sampling and shopper experience programs. The compa ...