Earnings summaries and quarterly performance for Advantage Solutions.
Executive leadership at Advantage Solutions.
David Peacock
Detailed
Chief Executive Officer
CEO
CG
Christopher Growe
Detailed
Chief Financial Officer
DG
Dean General
Detailed
Chief Industry Development Officer
JH
Jeffrey Harsh
Detailed
Chief Operating Officer, Branded Services
MT
Michael Taylor
Detailed
Chief Operating Officer, Retailer and Experiential Services
Board of directors at Advantage Solutions.
AL
Adam Levyn
Detailed
Director
AN
Adam Nebesar
Detailed
Director
BR
Brian Ratzan
Detailed
Director
CB
Cameron Breitner
Detailed
Director
CB
Christopher Baldwin
Detailed
Director
DW
David West
Detailed
Director
DP
Deborah Poole
Detailed
Director
JK
James Kilts
Detailed
Chairman of the Board
JM
Jody Macedonio
Detailed
Director
RM
Robin Manherz
Detailed
Director
TH
Tiffany Han
Detailed
Director
TF
Timothy Flynn
Detailed
Director
VC
Virginie Costa
Detailed
Director
Research analysts who have asked questions during Advantage Solutions earnings calls.
Gregory Parrish
Morgan Stanley
5 questions for ADV
Also covers: ADT, BV, CLVT +3 more
Faiza Alwy
Deutsche Bank
3 questions for ADV
Also covers: ABM, ARMK, BFAM +18 more
Joseph Vafi
Canaccord Genuity - Global Capital Markets
2 questions for ADV
Also covers: ALIT, ASGN, BLND +20 more
Luke Morison
Canaccord Genuity
2 questions for ADV
Also covers: CNXC
Pallav Saini
Canaccord Genuity
1 question for ADV
Also covers: BLND, RPAY
WR
William Reuter
Bank of America
1 question for ADV
Also covers: ACCO, ARKO, BGS +12 more
Will Johnston
Canaccord Genuity
1 question for ADV
Also covers: TTEC
Recent press releases and 8-K filings for ADV.
Advantage Solutions Announces Q4 2025 Results and 2026 Guidance
ADV
Earnings
Guidance Update
M&A
- Advantage Solutions reported Q4 2025 revenues of $785 million, a 3.0% year-over-year increase, and Adjusted EBITDA of $88 million, a 7.3% year-over-year decrease.
- The company ended 2025 with $241 million in cash and a net leverage ratio of 4.4x, supported by strong cash generation including $75 million in Q4 Adjusted Unlevered Free Cash Flow.
- For full year 2026, Advantage Solutions projects revenues to be flat to up low single digits and Adjusted EBITDA to be flat to down mid-single digits, both excluding divestitures.
- Adjusted Unlevered Free Cash Flow for 2026 is guided to be between $250 million and $275 million, with a long-term net leverage target of less than 3.5x.
- Strategic initiatives include divesting three non-core businesses and paying down debt to strengthen the balance sheet and enhance financial flexibility.
2 days ago
Advantage Solutions Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
ADV
Guidance Update
Debt Issuance
Demand Weakening
- Advantage Solutions reported net revenues of $785 million for Q4 2025, an increase of approximately 3% year-over-year, and Adjusted EBITDA of $88 million. For the full year 2025, Adjusted unlevered free cash flow achieved an approximately 80% conversion rate.
- The company completed a debt refinancing, extending maturities to 2030, and plans to pay down approximately $90 million of debt. They also divested three non-core businesses, generating approximately $55 million in proceeds.
- For 2026, Advantage Solutions expects revenue to be flat to up low single digits and Adjusted EBITDA to be flat to down mid-single digits, both excluding divestitures.
- The company projects unlevered free cash flow of approximately $250 million-$275 million for 2026, with net free cash flow conversion of at least 25% of Adjusted EBITDA.
- Experiential Services delivered strong Q4 2025 results with revenues of $280 million, up 19% year-over-year, and Adjusted EBITDA of $28 million, up 115% year-over-year, while Branded Services continued to face pressure.
2 days ago
Advantage Solutions Reports Q4 2025 Results and Provides 2026 Outlook
ADV
Earnings
Guidance Update
Debt Issuance
- Advantage Solutions reported Q4 2025 net revenues of $785 million, an increase of approximately 3% year-over-year, and Adjusted EBITDA of $88 million. The company ended the year with a strong cash position of $241 million.
- The company successfully refinanced its debt, extending maturities to 2030 with 99% acceptance, and plans to pay down approximately $90 million of debt. The net leverage ratio stood at approximately 4.4x Adjusted EBITDA at quarter-end.
- For 2026, Advantage Solutions expects revenue to be flat to up low single digits and Adjusted EBITDA to be flat to down mid-single digits, both excluding divestitures. Unlevered free cash flow is projected to be approximately $250 million-$275 million.
- Experiential Services demonstrated strong performance with 19% year-over-year revenue growth in Q4 2025 , while Branded Services continued to face pressure. The company is concluding its multi-year IT transformation in 2026, with CapEx expected to moderate after this year.
2 days ago
Advantage Solutions Reports Q4 and Full Year 2025 Results, Provides 2026 Outlook
ADV
Earnings
Guidance Update
Debt Issuance
- Advantage Solutions reported Q4 2025 net revenues of $785 million, an increase of approximately 3% year-over-year, and Adjusted EBITDA of $88 million. For the full year 2025, Experiential Services revenue grew 8% and Adjusted EBITDA grew 34%, while Branded Services revenue declined 9% and Adjusted EBITDA declined 21%.
- The company successfully refinanced its debt, achieving 99% acceptance for a new debt package that extends maturities to 2030, and plans to pay down approximately $90 million of debt. This refinancing is expected to result in roughly $10 million of incremental interest costs in 2026.
- Strategic actions included the divestiture of three non-core businesses, generating approximately $55 million in proceeds, and the company ended the year with $241 million in cash. The net leverage ratio was approximately 4.4x Adjusted EBITDA at quarter end.
- For 2026, Advantage Solutions expects revenue to be flat to up low single digits and Adjusted EBITDA to be flat to down mid-single digits, both excluding divestitures. Unlevered free cash flow is projected to be approximately $250 million-$275 million.
2 days ago
Advantage Solutions Reports Q4 and Full Year 2025 Results
ADV
Earnings
Guidance Update
Demand Weakening
- Advantage Solutions Inc. reported Q4 2025 revenues of $932.1 million, an increase of 4.5% year-over-year, while Adjusted EBITDA declined 7.3% to $87.7 million.
- For the full year 2025, total revenues modestly declined 0.7% to $3,542.6 million, and Adjusted EBITDA decreased 6.8% to $331.8 million.
- The company ended Q4 2025 with $241 million in cash and completed non-core divestitures, generating approximately $55 million in proceeds, contributing to a net leverage ratio of 4.4x.
- For fiscal year 2026, Advantage Solutions expects flat to up low-single digit revenue growth and Adjusted EBITDA to be flat to down mid-single digits, with unlevered free cash flow projected between $250 million and $275 million.
2 days ago
Advantage Solutions Announces Early Results of Debt Exchange Offer
ADV
Debt Issuance
- Advantage Solutions Inc. announced the early results of its exchange offer and consent solicitation for its 6.50% Senior Secured Notes due 2028.
- As of February 23, 2026, $589,883,000, representing greater than 99% of the outstanding principal amount of Existing Notes, were validly tendered, securing the requisite consents.
- The consent solicitation enables the elimination of substantially all covenants, termination of subsidiary guarantees, and release of collateral for the Existing Notes.
- These amendments are expected to become operative upon the settlement of the Exchange Offer and Consent Solicitation, anticipated on March 11, 2026.
- Holders who tendered by the Early Tender Date will receive $946.77 in newly issued 9.000% Senior Secured Notes due 2030 and $74.06 in cash for each $1,000 principal amount of Existing Notes.
Feb 24, 2026, 1:13 PM
Advantage Solutions Reports High Participation in Debt Exchange Offer
ADV
Debt Issuance
- Advantage Solutions Inc. announced the early results of its exchange offer and consent solicitation for its 6.50% Senior Secured Notes due 2028.
- As of the Early Tender Date on February 23, 2026, holders tendered $589,883,000 aggregate principal amount of Existing Notes, representing greater than 99% of the total outstanding principal amount.
- The company has obtained the requisite consents to amend the indenture governing the Existing Notes, eliminate substantially all covenants, and release guarantees and collateral.
- The settlement date for the exchange offer and consent solicitation is expected to occur on March 11, 2026.
- Concurrently, lenders representing greater than 99% of the aggregate principal amount of Existing Term Loans have agreed to participate in the Term Loans Transactions.
Feb 24, 2026, 1:00 PM
Advantage Solutions Inc. Announces Preliminary FY 2025 Results and Debt Restructuring Plan
ADV
Earnings
Debt Issuance
Guidance Update
- Advantage Solutions Inc. (ADV) has released preliminary estimated financial results for the year ended December 31, 2025, projecting revenues between $3,500 million and $3,550 million, an operating loss from continuing operations between $130 million and $120 million, and Adjusted EBITDA from Continuing Operations between $328 million and $333 million.
- On February 6, 2026, Advantage Sales & Marketing Inc., an indirect subsidiary of ADV, entered into a Transaction Support Agreement with certain holders of its Existing Notes and lenders under its Existing Term Loan Facility to comprehensively extend the maturities of its outstanding debt obligations.
- An exchange offer commenced on February 9, 2026, for holders of the Company's 6.50% Senior Secured Notes due 2028 ("Existing Notes") to exchange them for newly issued 9.000% Senior Secured Notes due 2030 ("New Notes") and cash consideration.
- Concurrently, a consent solicitation is underway to amend the indenture governing the Existing Notes, aiming to eliminate substantially all restrictive covenants, certain default provisions, and release all collateral securing the Existing Notes.
- The exchange offer and consent solicitation are scheduled to expire on March 9, 2026, with the settlement date expected on March 11, 2026.
Feb 9, 2026, 12:02 PM
ADV Announces Q3 2025 Results with Strong Cash Generation and Updated 2025 EBITDA Outlook
ADV
Earnings
Guidance Update
Demand Weakening
- ADV reported Q3 2025 revenues of $781 million (net of reimbursable expenses), a 2.6% year-over-year decrease, and Adjusted EBITDA of $99.6 million, a 1.4% year-over-year decrease.
- The company generated $98.1 million in Adjusted Unlevered Free Cash Flow in Q3 2025, representing approximately 100% of EBITDA, and ended the quarter with $201 million in cash and cash equivalents.
- Experiential Services revenues grew 8.2% year-over-year to $377.7 million, with Adjusted EBITDA increasing 51.6% year-over-year to $35.3 million, partially offsetting declines in other segments.
- ADV reiterated its 2025 revenue guidance of flat to down low-single digits but updated its Adjusted EBITDA outlook to be down mid-single digits (from prior guidance of down low-single digits to flat). The company continues to expect Adjusted Unlevered Free Cash Flow conversion above 50% for the year.
Nov 6, 2025, 1:30 PM
Advantage Solutions Reports Q3 2025 Results with Revenue Decline and Strong Cash Flow
ADV
Earnings
Guidance Update
Demand Weakening
- Advantage Solutions reported Q3 2025 revenues of $781 million, a 2.6% decline year-over-year, and adjusted EBITDA of $99.6 million, down 1.4%.
- The company demonstrated strong cash generation, with adjusted unlevered free cash flow reaching $98 million (nearly 100% of EBITDA) and ending the quarter with over $200 million in cash.
- Experiential Services revenues grew 8% with adjusted EBITDA up 52% year-over-year, offsetting softer trends in Branded Services (revenues down 9%) and Retailer Services (revenues down 6%).
- Full-year EBITDA guidance was adjusted due to the divestiture of its stake in Action Food Service and the challenging macro environment, though revenue guidance remained unchanged.
Nov 6, 2025, 1:30 PM
Quarterly earnings call transcripts for Advantage Solutions.
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