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Sep 30, 2024
Advantage Solutions Q3 2024 Earnings Report
Advantage Solutions reported its Q3 2024 results, showing organic revenue and Adjusted EBITDA growth driven by strength in Experiential Services, while progressing with transformation initiatives to enhance core capabilities and maximize operating efficiencies.
Key Takeaways
Advantage Solutions reported revenues of $939.3 million for the three months ended September 30, 2024, compared to $1,019.7 million a year ago. The net loss from continuing operations was $37.3 million, compared to a net loss of $29.6 million for the third quarter of 2023. Organic revenues increased by approximately 2%, and Adjusted EBITDA was $101 million, an 8.1% increase compared to the prior year.
Organic revenues increased by approximately 2% driven by strength in Experiential Services.
Adjusted EBITDA was $101 million, an 8.1% increase compared to the prior year.
Management remains focused on disciplined capital allocation with debt and share repurchases of approximately $80 million and $13 million, respectively.
Transformation is progressing to enhance core service capabilities with greater operating efficiencies.
Advantage Solutions
Advantage Solutions
Forward Guidance
Advantage Solutions is committed to growing 2024 revenues and Adjusted EBITDA by low single digits on a continuing operations basis.