NYSE$COLD

Americold Realty Trust · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Americold's Q2 2021 results reflected strong growth, with revenue and NOI increases driven by strategic acquisitions, though near-term performance was limited by COVID-related supply chain disruptions.

Americold Realty Trust announced strong growth in Q2 2021, with total revenue increasing by 35.7% to $654.7 million and total NOI increasing by 21.0% to $155.3 million. The Global Warehouse segment revenue was up 35% and NOI up 20%. However, the company reported a net loss of $13.4 million, or $0.05 loss per diluted common share, and anticipates softer 2021 results due to ongoing COVID-related supply chain disruptions.

  • Total revenue increased 35.7% to $654.7 million.
  • Total NOI increased 21.0% to $155.3 million.
  • Global Warehouse segment revenue increased 35.3% to $503.7 million.
  • Net loss of $13.4 million, or $0.05 loss per diluted common share.

Headline financials

Total Revenue

$655M

Previous: $483M+35.7%
EPS (adj)

$0.15

Previous: $0.27-44.4%
Global Warehouse Avg Physical Occupancy

3607000.0%

Previous: 71.4%+5051720.7%
Global Warehouse Avg Economic Occupancy

3944000.0%

Previous: 78.2%+5043378.3%
Global Warehouse Pallet Positions

5.2M

Previous: 4.0M+29.4%
Capital Expenditures

-$207M

Previous: -$173M-19.7%
Free Cash Flow

-$221M

Previous: -$141M-57.0%
Net Income

-$13.4M

Previous: $32.7M-140.9%
Operating Income

$22.9M

Previous: $56.5M-59.5%
Gross Profit

$655M

Previous: $483M+35.7%
Cash & Equivalents

$316M

Previous: $299M+5.8%
Total Assets

$7.82B

Previous: $4.61B+69.6%

Revenue & EPS history

Americold · Revenue · Quarterly

$655M

Q2 2021+35.7%vs Q2 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Revenue by segment

Americold · $655M total across 3 segments · Q2 2021

  • Warehouse Services
    $504M+35.3%
  • Transportation Services
    $78.8M+126.0%
  • Third-Party Managed Services
    $72.2M-1.1%

Forward guidance

The Company revised its annual AFFO per share guidance to $1.34- $1.40, and updated certain components. The Company’s guidance is provided for informational purposes based on current plans and assumptions and is subject to change. The ranges for these metrics do not include the impact of acquisitions, dispositions, or capital markets activity beyond that which has been previously announced.

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 Q2 2021

Historical avgQ2 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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