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Sep 30, 2021
Advantage Solutions Q3 2021 Earnings Report
Reported healthy financial results and affirmed 2021 outlook.
Key Takeaways
Advantage Solutions reported a year-over-year increase in revenues driven by growth in both the marketing and sales segments. The company is confident in delivering against FY 2021 Adjusted EBITDA guidance of $520 to $530 million.
Revenues increased year-over-year, driven by growth in the marketing and sales segments.
At-home consumer demand remains elevated, supported by steady volume and rising prices.
Higher growth, higher margin digital services continue to outperform.
Affirmed full year Adjusted EBITDA guidance of $520 million to $530 million.
Forward Guidance
The Company affirmed its full year Adjusted EBITDA guidance of $520 million to $530 million.
Positive Outlook
- Solid year-to-date performance.
- COVID-related headwinds in marketing segment easing further into the holidays.
- Solid pricing for wage inflation flowing through in labor-intensive businesses.
Challenges Ahead
- Elevated at-home demand for consumer goods normalizes a bit more in the fourth quarter of 2021.
- Costs to recruit, train and retain large teams of new associates post-pandemic remains elevated.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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