Americold Realty Trust, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 04:05 pm EST
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Americold Realty Trust, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 612.26 million compared to USD 598.69 million a year ago. Revenue was USD 679.29 million compared to USD 721.5 million a year ago. Net loss was USD 226.84 million compared to net income of USD 2.94 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.8 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago. Basic loss per share was USD 0.8 compared to basic earnings per share of USD 0.01 a year ago. Diluted loss per share was USD 0.8 compared to diluted earnings per share of USD 0.01 a year ago.
For the full year, sales was USD 2,391.09 million compared to USD 2,302.97 million a year ago. Revenue was USD 2,673.33 million compared to USD 2,914.74 million a year ago. Net loss was USD 336.22 million compared to USD 19.44 million a year ago. Basic loss per share from continuing operations was USD 1.18 compared to USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 1.18 compared to USD 0.04 a year ago. Basic loss per share was USD 1.22 compared to USD 0.07 a year ago. Diluted loss per share was USD 1.22 compared to USD 0.07 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. 
