Americold Realty Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 04:04 pm EDT
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Americold Realty Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 564.38 million compared to USD 503.73 million a year ago. Revenue was USD 729.76 million compared to USD 654.71 million a year ago. Net income was USD 3.94 million compared to net loss of USD 13.37 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the six months, sales was USD 1,105.3 million compared to USD 989.19 million a year ago. Revenue was USD 1,435.45 million compared to USD 1,289.5 million a year ago. Net loss was USD 13.47 million compared to USD 27.78 million a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.11 a year ago.
Americold Realty Trust, Inc. is a real estate investment trust (REIT). The Company is focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. The Company is organized as a self-administered and self-managed REIT. The Company operates through three segments: Warehouse, Third-party managed and Transportation. It operates a global network of approximately 245 temperature-controlled warehouses encompassing approximately 1.5 billion cubic feet, with 197 warehouses in North America, 27 in Europe, 19 warehouses in Asia-Pacific, and two warehouses in South America. The Company holds hold minority interests in two joint ventures, one with SuperFrio, which owns or operates 35 temperature-controlled warehouses in Brazil, and one with the RSA JV, which owns two temperature-controlled warehouses in Dubai. Its handling services optimize its customerâs product movement through the cold chain, including placement, and other recurring handling services.
AMERICOLD REALTY TRUST, INC. 
