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Advantage Solutions (ADV)
NASDAQ:ADV
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.12Last Year’s EPS
$0.09Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -7.16%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted a strong performance in Experiential and Retailer Services with notable revenue and EBITDA growth. Effective debt management and client retention efforts were emphasized. However, the decline in Branded Services revenue and a timing shift in activities were mentioned as challenges.Company Guidance
In the Advantage Solutions Q3 2024 earnings call, the company reported a 2% revenue increase to $802 million and an 8% rise in adjusted EBITDA to $101 million, despite challenges in the consumer environment. The Experiential Services segment saw a 12% revenue increase to $254 million, with adjusted EBITDA growing by 41% to $23 million, driven by a rise in events per day by 11%. Retailer Services revenue grew by 2% to $265 million, with an 11% increase in adjusted EBITDA to $29 million. However, Branded Services experienced a 4% decline in revenue to $283 million, impacting adjusted EBITDA, which also fell by 4% to $49 million. The company repurchased $80 million of debt and $13 million in shares, and maintained a net leverage ratio of approximately 4x adjusted EBITDA. They expect full-year interest expenses between $150 million and $160 million, capital expenditures at the lower end of $65 million to $80 million, and adjusted unlevered free cash flow conversion towards the upper end of the 55% to 65% range.Revenue and Adjusted EBITDA Growth
Revenues increased approximately 2% to $802 million, and adjusted EBITDA increased 8% to $101 million on an organic year-over-year basis.
Experiential Services Performance
Experiential Services increased revenues by 12% to $254 million, with adjusted EBITDA growing 41% to $23 million, driven by strong client demand and a 11% increase in events per day.
Retailer Services Success
Revenues for Retailer Services increased 2% to $265 million, with an 11% increase in adjusted EBITDA to $29 million due to efficient management of talent deployment and costs.
Debt Management and Cash Flow
Repurchased approximately $80 million of notes and term loan debt, with a net leverage ratio of approximately 4x adjusted EBITDA. Generated approximately $69 million in adjusted unlevered free cash flow.
Client Retention and Expansion
95% retention rate over time with largest clients, expansion of services with a national grocery chain, and new agreements with a national chain of convenience stores.
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ADV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ADV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $3.35 | $3.73 | +11.34% |
| Aug 07, 2024 | $3.61 | $3.76 | +4.16% |
| May 09, 2024 | $4.26 | $3.74 | -12.21% |
| Feb 29, 2024 | $3.78 | $3.81 | +0.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Advantage Solutions (ADV) report earnings?
Advantage Solutions (ADV) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Advantage Solutions (ADV) earnings time?
Advantage Solutions (ADV) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADV EPS forecast?
ADV EPS forecast for the fiscal quarter 2024 (Q4) is $0.12.
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