Advantage solutions announces solid third quarter results that surpass consensus estimates and provides outlook for the remainder of the year

Irvine, calif., nov. 07, 2023 (globe newswire) -- advantage solutions inc. (nasdaq: adv) (“advantage,” “advantage solutions,” the “company,” “we” or “our”), a leading provider of sales and marketing services to consumer goods manufacturers and retailers, today reported financial results for its third quarter ended september 30, 2023. the results continue to reflect a trendline of improving financial performance for the company, with adjusted ebitda ahead of consensus estimates. revenues for the quarter grew 4.3% year-over-year, or 5.8% excluding the impact of foreign exchange rates, acquisitions and divestitures, to $1.1 billion. adjusted ebitda for the quarter was $113.1 million, down 4.3% year-over year, which is in-line with prior quarters this year. on a year-to-date basis, advantage has generated $3.1 billion of revenues and $309.4 million of adjusted ebitda.
ADV Ratings Summary
ADV Quant Ranking