Quarterly ResultMay 7, 2026, 04:25 PM
Americold Q1 Net Loss Narrows to $13.7M; Revenue $629.9M
AI Summary
Americold Realty Trust reported a net loss of $13.7 million for Q1 2026, an improvement from a $16.5 million net loss in Q1 2025. Total revenues slightly increased to $629.9 million from $629.0 million year-over-year. The company also completed the acquisition of a Massillon warehouse for $18.7 million and repaid $200 million in senior unsecured notes during the quarter.
Key Highlights
- Net loss narrowed to $(13.7) million in Q1 2026 from $(16.5) million in Q1 2025.
- Total revenues increased slightly to $629.9 million in Q1 2026 from $629.0 million in Q1 2025.
- Basic net loss per common share improved to $(0.05) from $(0.06) year-over-year.
- Operating income decreased to $14.3 million in Q1 2026 from $22.2 million in Q1 2025.
- Rent, storage, and warehouse services revenue was $577.9 million, down from $585.0 million.
- Transportation services revenue rose to $52.0 million from $44.0 million.
- Acquired Massillon warehouse for $18.7 million in Q1 2026.
- Repaid $200 million of Private Series A Senior Unsecured Notes.