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Advantage Solutions Inc. (NASDAQ: ADV) has sold Adlucent, a digital marketing agency acquired in 2016, to BarkleyOKRP, a leading full-service marketing firm. The terms of the sale were not disclosed, and the majority of the proceeds will be used to pay down debt. The move is part of Advantage's strategy to simplify its portfolio and focus on core capabilities for growth.
Advantage Solutions Inc. (Nasdaq: ADV) will release its first quarter financial results on May 9, 2024, followed by a conference call. Management will participate in the Morgan Stanley Business Services Conference. Investors can access the call live or via webcast.