NASDAQ$ADV

Advantage Solutions Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported better than expected results for the third straight quarter and affirmed 2021 outlook.

Advantage Solutions reported a 10.0% decrease in revenue to $791.0 million, but operating income grew by 19.6% to $37.6 million. Net loss decreased by $21.2 million to $0.5 million, and Adjusted EBITDA grew by 4.8% to $111.4 million.

  • First quarter revenues declined by 10.0% to $791.0 million compared to the first quarter of 2020.
  • Operating income grew by 19.6% to $37.6 million compared to the first quarter of 2020.
  • Net loss declined $21.2 million, to $0.5 million compared to a net loss of $21.7 million for the first quarter of 2020.
  • Adjusted EBITDA grew $5.1 million, or 4.8%, to $111.4 million compared to the first quarter of 2020.

Headline financials

Total Revenue

$791M

Previous: $879M-10.0%
EPS (adj)

$0.15

Previous: -$0.11+240.8%
Adjusted EBITDA

$111M

Previous: $106M+4.7%
Free Cash Flow

-$116K

No prior period
Net Income

-$116K

Previous: -$21.7M+99.5%
Operating Income

$37.6M

Previous: $31.4M+19.6%
Gross Profit

$138M

Previous: $133M+3.8%
Cash & Equivalents

$156M

No prior period
Total Assets

$5.73B

No prior period

Revenue & EPS history

Advantage Solutions · Revenue · Quarterly

$791M

Q1 2021-10%vs Q1 2020
Beat estimate in 5 of 6 quarters(83%)
ActualEstimate

Forward guidance

The Company is highly confident in delivering 2021 Adjusted EBITDA in the range of $515 to $525 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-2.7%

Avg return

Earnings day

-3.9%

Avg return

5 days after

-0.1%

Avg return

30 days after

36%

9 / 25 earnings

Positive

+18.6%

Q4 2022

Best reaction

-20.2%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.3%-5.5%+1.8%
Q4 2025-1.0%+15.9%+57.6%
Q3 2025-3.3%+8.9%-30.1%
Q1 2025-17.8%-14.3%+12.2%
Q4 2024-8.9%-28.4%-44.9%
Q3 2024+10.1%-1.6%+5.1%
Q2 2024+4.2%+0.3%+3.6%
Q1 2024-17.6%-20.2%-29.1%
Q4 2023+2.1%-3.4%+14.6%
Q3 2023-16.0%-16.5%+29.1%
Q2 2023+2.3%+1.2%+12.4%
Q1 2023+10.8%+18.5%+62.3%
Q4 2022+18.6%+7.7%-28.2%
Q3 2022-20.2%-17.5%-33.4%
Q2 2022-9.7%+3.2%-32.5%
Q1 2022-11.0%-9.6%-15.3%
Q4 2021-15.9%-26.9%-18.9%
Q3 2021+4.4%+1.6%-13.9%
Q2 2021-6.7%-6.0%-13.0%
Q1 2021-3.8%-5.6%-4.7%
Q4 2020-0.2%+7.2%+27.1%
Q2 2020-0.2%+7.2%+27.1%
Q3 2020-2.1%-13.8%-1.5%
Q1 2020+0.5%+0.0%+4.9%
Q4 2019-1.0%-1.0%+5.1%
Q3 2019
Q2 2019
Q1 2019
Q1 2017
Q1 2016

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