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Mar 31, 2022
Americold Q1 2022 Earnings Report
Americold's financial performance saw revenue increase, but profitability metrics declined due to rising costs and expenses.
Key Takeaways
Americold Realty Trust reported an 11.2% increase in total revenue to $705.7 million for Q1 2022. However, the company experienced a net loss of $17.4 million, and Core EBITDA decreased by 5.9% to $110.9 million. The results were impacted by inflationary pressures, labor shortages, and supply chain disruptions.
Total revenue increased by 11.2% to $705.7 million.
Global Warehouse segment revenue increased by 11.4% to $540.9 million.
Net loss was $17.4 million, or $0.06 loss per diluted common share.
Core EBITDA decreased by 5.9% to $110.9 million.
Americold
Americold
Americold Revenue by Segment
Forward Guidance
The Company maintained its 2022 annual AFFO per share guidance to within the range of $1.00 - $1.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income