Advantage Solutions exceeded 2023 financial guidance with solid fourth-quarter performance and expects continued growth in 2024
ADVAdvantage Solutions(ADV) Newsfilter·2024-02-29 20:00

2023 consolidated revenues were 4.2billion,ayearoveryearincreaseof4.34.2 billion, a year-over-year increase of 4.3%, and operating income was 76.2 million. Excluding foreign exchange, acquisitions and divestitures, revenues increased 6.8%, and Adjusted EBITDA declined 1.7% to 424.3millionbutfinishedaheadofpreviousguidance.Solidperformanceinthefourthquarterresultedinoperatingincomeof424.3 million but finished ahead of previous guidance. Solid performance in the fourth quarter resulted in operating income of 46.2 million and a 2% year-over- year increase in Adjusted EBITDA, which increased by 4.4% excluding foreign exchange, acquisitions and dives ...