NYSE$COLD

Americold Realty Trust · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Americold's financial performance decreased slightly due to declines in the Third-party managed and Transportation segments, while the Global Warehouse segment experienced growth.

Americold Realty Trust reported a decrease in total revenue by 4.1% to $676.5 million. Net loss was $2.6 million, or $0.01 per diluted common share. However, total NOI increased by 18.5% to $187.6 million, and Core EBITDA increased by 20.0% to $133.1 million.

  • Total revenue decreased 4.1% to $676.5 million.
  • Total NOI increased 18.5% to $187.6 million.
  • Net loss of $2.6 million, or $0.01 per diluted common share.
  • Global Warehouse segment revenue increased 10.0% to $595.1 million.

Headline financials

Total Revenue

$676M

Previous: $706M-4.1%
EPS (adj)

$0.22

Previous: $0.17+29.4%
Global Warehouse Avg Physical Occupancy

4190.0%

Previous: 70.0%+5885.7%
Global Warehouse Avg Economic Occupancy

4553.0%

Previous: 76.8%+5828.4%
Global Warehouse Pallet Positions

5.4K

Previous: 5.4M-99.9%
Capital Expenditures

-$69.3M

Previous: -$93M+25.5%
Free Cash Flow

-$71.8M

Previous: -$110M+35.0%
Net Income

-$2.56M

Previous: -$17.4M+85.3%
Operating Income

$32.3M

Previous: $7.99M+304.8%
Gross Profit

$676M

Previous: $706M-4.1%
Cash & Equivalents

$47.2M

Previous: $51M-7.3%
Total Assets

$8.07B

Previous: $8.21B-1.7%

Revenue & EPS history

Americold · Revenue · Quarterly

$676M

Q1 2023-4.1%vs Q1 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Americold · $676M total across 3 segments · Q1 2023

  • Warehouse Services
    $595M+10.0%
  • Transportation Services
    $68.1M-13.7%
  • Third-Party Managed Services
    $13.4M-84.4%

Forward guidance

The Company is increasing its annual AFFO per share guidance to be within the range of $1.16 - $1.26.

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 2023

Historical avgQ1 2023

+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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