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Americold Realty (COLD)
NYSE:COLD
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.06Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 5.09%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Americold's achievements in customer service recognition, margin improvement, and strategic expansion, indicating a strong operational performance. However, challenges remain with occupancy levels and underperforming facilities, leading to strategic exits and consolidation. While there are significant positive developments, the occupancy and non-same store NOI challenges present a balanced view.Company Guidance
During Americold Realty Trust's fourth quarter 2024 earnings call, the company provided guidance for 2025, focusing on improving operational efficiency and maintaining a strong customer service reputation. Key metrics highlighted included a same-store economic occupancy improvement to nearly 79% and a 680 basis point increase in rent and storage revenues from fixed commitment storage contracts, reaching approximately 59% in the fourth quarter. The company achieved a 13% margin in same-store warehouse services, a 7 percentage point increase from the previous year. For 2025, Americold projects a full-year AFFO per share range of $1.51 to $1.59, with a midpoint of $1.55, reflecting a 5% increase from 2024. The company also anticipates stable economic occupancy, throughput volume increases between 100 to 200 basis points, and sustained same-store warehouse services margins over 12%. Additionally, Americold plans to invest in a new $79 million import-export hub in Canada and a $34 million customer-dedicated expansion in New Zealand, as part of their development pipeline exceeding a billion dollars.Strong Customer Service and Recognition
Americold's facilities received multiple awards for exceptional customer service, including Site of the Year by ConAgra, Frozen Site of the Year from Kraft Heinz, and Site of the Year from Butterball.
Improved Economic Occupancy
Same-store economic occupancy improved slightly to almost 79% in Q4. Rent and storage revenues from fixed commitment storage contracts improved by 680 basis points year-over-year, reaching approximately 59%.
Record Same-Store NOI and Margin Improvement
Same-store warehouse services NOI exceeded $125 million, surpassing the $100 million commitment. The same-store warehouse services margin increased to 13%, up almost 7 percentage points from last year.
Expansion and Development Achievements
Americold exceeded its 2024 guide for announced starts, including a $150 million automated expansion in Dallas-Fort Worth, and announced a new import-export hub in Canada for $79 million.
Significant AFFO Growth
AFFO per share increased by 16% from 2023, with full-year AFFO in 2024 being $1.47 per share.
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COLD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COLD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $21.02 | $22.32 | +6.18% |
| Nov 07, 2024 | $25.00 | $22.93 | -8.28% |
| Aug 08, 2024 | $28.43 | $28.80 | +1.30% |
| May 09, 2024 | $22.33 | $23.50 | +5.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Americold Realty (COLD) report earnings?
Americold Realty (COLD) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Americold Realty (COLD) earnings time?
Americold Realty (COLD) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COLD EPS forecast?
COLD EPS forecast for the fiscal quarter 2025 (Q1) is 0.06.
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