10-K · February 26, 2026
Americold’s 2025 10-K highlights a roughly $2.6 billion consolidated revenue run-rate for 2025 (implied by international revenues of $608.4 million representing 23.4% of consolidated revenues), continued international…
Earnings analysis · 10-Q
COLD earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Americold Realty Trust reported Q1 2026 revenue of $629.9 million, exceeding estimates of $604.4 million. However, diluted EPS was reported at $0.20, falling short of the expected $0.25, which represents a negative…
Read full summary
Americold Realty Trust reported Q1 2026 revenue of $629.9 million, exceeding estimates of $604.4 million. However, diluted EPS was reported at $0.20, falling short of the expected $0.25, which represents a negative surprise. The Warehouse segment struggled with a revenue decline, while the Transportation segment experienced strong growth, rising 18.1% year-over-year. Despite these mixed results and headwinds from increased operational costs and market competition, management remains focused on maintaining liquidity and capital efficiency.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.2
- Segment
- Warehouse
- Segment
- Transportation
What stood out
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Revenue Exceeded Expectations
Actual revenue was $629.9 million vs estimated $604.4 million, a 4.2% surprise.
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EPS Misses Consensus
Reported EPS of $0.20 vs estimated $0.25, a negative surprise of 20%.
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Growth in Transportation Segment
Transportation revenue increased by 18.1% year-over-year, reaching $51.96 million.
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Joint Venture Announced
Americold announced a $1.3 billion joint venture aiming at operational expansion.
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Gross Margin Improvement
Gross margin improved to 32.7% from 32.5% in the prior quarter.
-
Operational Cash Flow Increased
Net cash provided by operating activities increased 32.2% to $39.9 million.
What to watch
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Increased Interest Expenses
Interest expense rose by 15% to $41.5 million due to higher debt levels.
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Operational Challenges
Cost of operations for Warehouse segment increased 2.9%, affecting overall margins.
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Competition and Pricing Pressure
Heightened competition has impacted both occupancy rates and overall revenues.
Management's outlook
Management maintained previous guidance for FY 2026.
Earlier filings 4
10-Q · November 6, 2025
Americold reported Q3 revenue of $663,665,000, down $10,506,000 (1.6%) versus Q3 2024; operating income fell to $16,751,000 (operating margin ~2.5%) from $27,226,000 a year ago and the company recorded a net loss of…
10-Q · May 10, 2024
Americold reported Q1 revenue of $664.98M, down modestly from $676.49M a year ago, while operating income improved to $41.83M (from $32.35M) and the company swung to net income of $9.74M versus a net loss of $2.57M a…
10-K · February 29, 2024
Americold positions itself as a global temperature‑controlled warehousing REIT focused on expansion, automation and ERP transformation while emphasizing fixed‑commitment contracts and hedging to manage cost and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.