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BRIEF-Advantage Solutions Reports Fourth Quarter And Full Fiscal Year 2020 Financial Results Above Prior Outlook And Raises 2021 Adjusted EBITDA Expectation

· 03/16/2021 19:03
BRIEF-Advantage Solutions Reports Fourth Quarter And Full Fiscal Year 2020 Financial Results Above Prior Outlook And Raises 2021 Adjusted EBITDA Expectation

- Advantage Solutions Inc ADV.O:

  • ADVANTAGE SOLUTIONS REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2020 FINANCIAL RESULTS ABOVE PRIOR OUTLOOK AND RAISES 2021 ADJUSTED EBITDA EXPECTATION

  • Q4 REVENUE FELL 16 PERCENT TO $850.4 MILLION

  • ADVANTAGE SOLUTIONS - NET LOSS WAS $138.9 MILLION FOR Q4 OF 2020

  • ADVANTAGE SOLUTIONS - EXPECTS COVID-19 PANDEMIC WILL CONTINUE TO IMPACT ITS VARIOUS BUSINESSES THROUGH AT LEAST FIRST HALF OF 2021

  • ADVANTAGE SOLUTIONS - SEES ADJUSTED EBITDA FOR FISCAL YEAR 2021 TO BE BETWEEN $515 AND $525 MILLION

Source text for Eikon: ID:nGNX5bwdLP

Further company coverage: ADV.O


((Reuters.Briefs@thomsonreuters.com;))