NYSE$COLD

Americold Realty Trust · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 results, demonstrating revenue growth and strategic portfolio management.

Americold Realty Trust, Inc. reported a 6.9% increase in total revenue to $757.8 million for Q3 2022. The company experienced a net loss of $8.9 million, or $0.03 loss per diluted common share. Core FFO was $67.1 million, or $0.25 per diluted common share, and AFFO was $79.3 million, or $0.29 per diluted common share.

  • Total revenue increased by 6.9% to $757.8 million.
  • Global Warehouse segment revenue increased by 10.5% to $599.0 million.
  • Net loss was $8.9 million, or $0.03 loss per diluted common share.
  • The company revised its 2022 annual AFFO per share guidance to be within the range of $1.08 - $1.12.

Headline financials

Total Revenue

$758M

Previous: $709M+6.9%
EPS (adj)

$0.25

Previous: $0.23+8.7%
Global Warehouse Avg Physical Occupancy

4043.0%

Previous: 3709000.0%-99.9%
Global Warehouse Avg Economic Occupancy

4357.0%

Previous: 4061000.0%-99.9%
Global Warehouse Pallet Positions

5.4K

Previous: 5.4M-99.9%
Capital Expenditures

-$254M

Previous: -$313M+18.9%
Free Cash Flow

-$263M

Previous: -$308M+14.6%
Net Income

-$8.91M

Previous: $5.29M-268.3%
Operating Income

$23.2M

Previous: $31.5M-26.5%
Gross Profit

$758M

Previous: $709M+6.9%
Cash & Equivalents

$45.7M

Previous: $153M-70.1%
Total Assets

$8B

Previous: $8.13B-1.5%

Revenue & EPS history

Americold · Revenue · Quarterly

$758M

Q3 2022+6.9%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Americold · $758M total across 3 segments · Q3 2022

  • Warehouse Services
    $599M+10.5%
  • Third-Party Managed Services
    $82.4M-6.1%
  • Transportation Services
    $76.4M-3.3%

Forward guidance

The Company revised its 2022 annual AFFO per share guidance to be within the range of $1.08 - $1.12.

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 Q3 2022

Historical avgQ3 2022

+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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