NYSE$COLD

Americold Realty Trust · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Americold's Q4 2022 performance reflected a slight revenue increase and significant NOI growth, driven by the warehouse segment and strategic business exits.

Americold Realty Trust reported a 0.7% increase in total revenue to $721.5 million for Q4 2022. Total NOI increased by 16.6% to $188.2 million, and Core EBITDA rose by 10.6% to $136.8 million. The company reported a net income of $3.0 million, or $0.01 per diluted share.

  • Total revenue increased by 0.7% to $721.5 million.
  • Total NOI increased by 16.6% to $188.2 million.
  • Core EBITDA increased by 10.6% to $136.8 million.
  • Net income was reported at $3.0 million, or $0.01 per diluted share.

Headline financials

Total Revenue

$722M

Previous: $716M+0.7%
EPS (adj)

$0.26

Previous: $0.26+0.0%
Global Warehouse Avg Physical Occupancy

78.1%

Previous: 71.4%+9.4%
Global Warehouse Avg Economic Occupancy

83.8%

Previous: 77.8%+7.7%
Global Warehouse Pallet Positions

5.4K

Previous: 5.4M-99.9%
Capital Expenditures

$54.3M

Previous: $125M-56.6%
Free Cash Flow

$62.9M

Previous: -$16.2M+487.5%
Net Income

$3M

Previous: -$8M+137.5%
Operating Income

$33M

Previous: $4.2M+687.7%
Gross Profit

$188M

Previous: $161M+16.6%
Cash & Equivalents

$53.1M

Previous: $83M-36.0%
Total Assets

$8.1B

Previous: $8.22B-1.4%

Revenue & EPS history

Americold · Revenue · Quarterly

$722M

Q4 2022+0.7%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Americold · $722M total across 3 segments · Q4 2022

  • Warehouse Services
    $599M+8.0%
  • Transportation Services
    $76.2M-2.4%
  • Third-Party Managed Services
    $46.6M-44.7%

Forward guidance

The Company announced its 2023 annual AFFO per share guidance to be within the range of $1.14 - $1.24.

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 Q4 2022

Historical avgQ4 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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