NYSE$COLD

Americold Realty Trust · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Americold's financial performance reflected progress in integrating recent acquisitions and reaffirmation of annual guidance, despite ongoing supply chain disruptions.

Americold Realty Trust reported a 31.1% increase in total revenue to $634.8 million for Q1 2021. Despite revenue growth, the company experienced a net loss of $14.2 million, or $0.06 per diluted share. The company reaffirmed its annual AFFO per share guidance of $1.36 - $1.46.

  • Total revenue increased by 31.1% to $634.8 million.
  • Global Warehouse segment revenue increased 27.4% to $485.5 million.
  • Net loss of $14.2 million, or $0.06 loss per diluted common share.
  • Completed the acquisition of Liberty Freezers for C$58 million, adding four facilities and 42,000 pallet positions.

Headline financials

Total Revenue

$635M

Previous: $484M+31.1%
EPS (adj)

$0.24

Previous: $0.29-17.2%
Global Warehouse Avg Physical Occupancy

70.3%

Previous: 76.1%-7.6%
Global Warehouse Avg Economic Occupancy

77.0%

Previous: 81.3%-5.3%
Global Warehouse Pallet Positions

5.2M

Previous: 4.0M+28.7%
Capital Expenditures

-$100M

Previous: -$62.3M-61.4%
Free Cash Flow

-$115M

Previous: -$38.8M-196.4%
Net Income

-$14.4M

Previous: $23.5M-161.3%
Operating Income

$14.2M

Previous: $47.7M-70.2%
Gross Profit

$635M

Previous: $484M+31.1%
Cash & Equivalents

$288M

Previous: $263M+9.4%
Total Assets

$7.54B

Previous: $4.5B+67.4%

Revenue & EPS history

Americold · Revenue · Quarterly

$635M

Q1 2021+31.1%vs Q1 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

Americold · $635M total across 3 segments · Q1 2021

  • Warehouse Services
    $485M+27.4%
  • Transportation Services
    $76.3M+112.4%
  • Third-Party Managed Services
    $73.1M+12.6%

Forward guidance

The Company reaffirmed its annual AFFO per share guidance of $1.36 - $1.46, and updated certain components. The Company’s guidance is provided for informational purposes based on current plans and assumptions and is subject to change.

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

+1.1%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+1.7%

Avg return

30 days after

49%

18 / 37 earnings

Positive

+16.9%

Q1 2020

Best reaction

-9.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.1%+16.5%+15.7%
Q4 2025+15.7%+9.0%-6.3%
Q3 2025-7.3%-11.1%-15.8%
Q1 2025-5.6%-3.9%-6.5%
Q4 2024+6.2%+5.5%+1.3%
Q3 2024-9.9%-10.1%-8.4%
Q2 2024+0.4%-0.8%+0.6%
Q1 2024+5.6%+5.3%+16.4%
Q4 2023-7.7%-10.6%-11.1%
Q3 2023+0.0%-5.4%+7.1%
Q2 2023-1.4%-2.0%+2.6%
Q1 2023+6.1%+5.3%+3.3%
Q4 2022+3.8%+1.0%-8.8%
Q3 2022+14.4%+20.1%+24.0%
Q2 2022-4.0%-2.1%-10.4%
Q1 2022-1.9%-6.9%+8.2%
Q4 2021-0.3%+1.9%+1.4%
Q3 2021-0.6%-2.2%+7.6%
Q2 2021-3.1%-6.0%-1.9%
Q1 2021-0.6%-1.6%+0.2%
Q4 2020+3.2%+5.0%+4.8%
Q3 2020+1.1%-6.5%-7.6%
Q2 2020-3.5%-5.6%-7.4%
Q1 2020+16.9%+10.6%+19.2%
Q4 2019-5.2%-9.5%-18.1%
Q3 2019-7.1%-7.5%-2.5%
Q2 2019+4.4%+4.6%+8.7%
Q1 2019-4.7%-4.6%-2.1%
Q4 2016-1.8%+0.7%+7.6%
Q4 2018+3.0%-0.4%+5.8%
Q2 2017+1.3%+1.7%+4.4%
Q1 2017+1.3%+1.7%+4.4%
Q3 2017+1.3%+1.7%+4.4%
Q3 2018+5.7%+4.1%+11.7%
Q2 2018+0.6%+3.9%+9.6%
Q4 2017-0.0%+2.0%+1.2%
Q1 2018-0.0%+2.0%+1.2%

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