Americold Realty (COLD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

-0.03

Last Year’s EPS

-0.06

Same Quarter Last Year

Analyst Consensus

Hold

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 19, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presents a cautiously constructive view: the company reported sequential and year-over-year operational improvements (Q4 AFFO beat, NOI/EBITDA/AFFO increases, improved services margin and occupancy momentum) and has materially progressed cost-savings, portfolio optimization, new-business wins, and financing actions. However, significant near-term headwinds remain — including elevated leverage (6.8x), industry overcapacity (notably in U.S. forward-distribution and ports), expected revenue/occupancy pressure in 2026, a material renewal cadence with customers paring back commitments, and guidance that implies a year-over-year AFFO decline. Management has clear priorities and actionable plans (deleveraging, portfolio review, cost reductions, disciplined development), but benefits will take time to realize. Overall, highlights (operational improvement, margin gains, contract stability, cost cuts, and portfolio/financing actions) are notable and actionable, but are balanced by meaningful macro and industry pressures that temper the near-term outlook.

Company Guidance

Americold guided full‑year 2026 AFFO of $1.20–$1.30 per share (Q4 2025 AFFO was $0.38; FY2025 AFFO $1.43), noting Q1 is expected to be the low quarter with sequential improvement and that the outlook excludes any unannounced transactions or consumer demand inflection. They expect same‑store revenue of ~$2.20–$2.27 billion, same‑store NOI of $735–$785 million and total company NOI of $780–$845 million, with core EBITDA $570–$620 million, core SG&A $218–$228 million, interest expense $171–$180 million, maintenance CapEx $60–$70 million, transportation NOI roughly $31 million and non‑same‑store NOI ~ $20–$22 million at the midpoint. Guidance assumes revenue per pallet down ~100–200 bps and economic occupancy flat to down up to 300 bps (Q4 economic occupancy rose 280 bps sequentially); Q4 services margin was nearly 14% (FY 12.7%, up ~1,000 bps over two years), services revenue per pallet +2.4% and storage revenue per pallet +0.3% in Q4. Capital and balance‑sheet actions include a December $250 million term loan ($150M to pay revolver, $100M to cash), subsequent $200M Series A repayment, year‑end leverage of 6.8x with a target to move materially lower toward ~6x or below via JV or asset sales, $30M of annualized cost savings largely completed, Project Orion cash spend reduced by ~$50M, and portfolio actions (10 sites exited/idled in 2025 removing >22M cubic feet / >65,000 pallet positions; nine sites identified for 2026; same‑store pool recast to 215 from 219).

Quarterly and Full-Year AFFO

Q4 2025 AFFO per share of $0.38 (slightly ahead of expectations); full-year 2025 AFFO of $1.43 per share (in line with expectations).

Positive QoQ and YoY Operating Momentum

Q4 delivered year-over-year increases in NOI, core EBITDA, and AFFO dollars — the first YoY quarterly increases since 2024; economic occupancy improved sequentially by 280 basis points in Q4.

Services Margin Expansion

Fourth-quarter services margin nearly 14%; full-year services margin 12.7%, up ~1,000 basis points versus two years ago, reflecting labor initiatives and operational improvements.

Revenue Per Pallet Trends

Services revenue per pallet up 2.4% in the quarter; storage revenue per pallet increased 0.3% in the quarter despite competitive pressures.

Fixed Commitment Contract Mix

Approximately 60% of rent and storage revenues now come from fixed commitment contracts, up from under 40% a few years ago, improving revenue stability and multi-year cash flow visibility.

Cost Savings Initiatives

Identified and largely executed $30 million of annualized savings in indirect warehouse labor and SG&A; expecting to reduce Project Orion and transformation-related cash spend by ~$50 million in 2026.

Portfolio Management Actions

Exited the Brazil JV and strategically exited or idled ~10 North American sites in 2025, removing >22 million cubic feet (~65,000 pallet positions); identified nine additional candidate sites for 2026 with two already closed in Q1.

Deleveraging Progress and Capital Activity

Leverage at 6.8x at Q4-end; entered a $250M term loan in December (proceeds used to reduce revolver and add cash) and repaid a $200M Series A maturity in January — management pursuing transactions (JV or asset sales) to meaningfully reduce leverage toward ~6x or below.

New Business Wins and Development Execution

Won On the Run convenience-store business in Australia (supporting ~600 locations) and expanded retail presence into Europe (Portugal and The Netherlands); three 2025 expansions completed on time and on budget; four in-process developments (Fort St. John, DFW, Christchurch, Sydney) remain on time and on budget.

2026 Financial Guide and Key Line Items

Provided full-year 2026 guidance: AFFO $1.20–$1.30 per share (midpoint $1.25), same-store revenue ~$2.2–$2.27 billion, same-store NOI $735–$785 million, total company NOI $780–$845 million, core SG&A $218–$228 million (midpoint ~7M lower vs prior), core EBITDA $570–$620 million, interest expense $171–$180 million, maintenance CapEx $60–$70 million.

Americold Realty (COLD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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COLD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	-0.03 / -	-0.06	―	―	―
Feb 19, 2026	2025 (Q4)	0.08 / -0.31	-0.13	-138.46% (-0.18)
Nov 06, 2025	2025 (Q3)	0.05 / -0.04	-0.01	-300.00% (-0.03)
Aug 07, 2025	2025 (Q2)	0.08 / 0.01	-0.23	104.35% (+0.24)
May 08, 2025	2025 (Q1)	0.04 / -0.06	0.03	-300.00% (-0.09)
Feb 20, 2025	2024 (Q4)	0.10 / -0.13	-0.8	83.75% (+0.67)
Nov 07, 2024	2024 (Q3)	0.10 / -0.01	-0.01	0.00% (0.00)
Aug 08, 2024	2024 (Q2)	0.05 / -0.23	-0.36	36.11% (+0.13)
May 09, 2024	2024 (Q1)	0.02 / 0.03	-0.01	400.00% (+0.04)	―
Feb 22, 2024	2023 (Q4)	0.09 / -0.80	0.01	-8100.00% (-0.81)	―

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

COLD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2026	$12.00	$13.89	+15.75%
Nov 06, 2025	$12.77	$11.86	-7.13%
Aug 07, 2025	$15.90	$14.41	-9.38%
May 08, 2025	$17.82	$16.79	-5.81%

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.

FAQ

When does Americold Realty (COLD) report earnings?

Americold Realty (COLD) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).

What is Americold Realty (COLD) earnings time?

Americold Realty (COLD) earnings time is at Apr 30, 2026, After Close (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 2026 (Q1) is -0.03.