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Mar 31, 2021
Advantage Solutions Q1 2021 Earnings Report
Reported better than expected results for the third straight quarter and affirmed 2021 outlook.
Key Takeaways
Advantage Solutions reported a 10.0% decrease in revenue to $791.0 million, but operating income grew by 19.6% to $37.6 million. Net loss decreased by $21.2 million to $0.5 million, and Adjusted EBITDA grew by 4.8% to $111.4 million.
First quarter revenues declined by 10.0% to $791.0 million compared to the first quarter of 2020.
Operating income grew by 19.6% to $37.6 million compared to the first quarter of 2020.
Net loss declined $21.2 million, to $0.5 million compared to a net loss of $21.7 million for the first quarter of 2020.
Adjusted EBITDA grew $5.1 million, or 4.8%, to $111.4 million compared to the first quarter of 2020.
Advantage Solutions
Advantage Solutions
Forward Guidance
The Company is highly confident in delivering 2021 Adjusted EBITDA in the range of $515 to $525 million.