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Americold Announces Second Quarter 2026 Results
Americold (NYSE: COLD) reported second quarter 2026 total revenues of $662.9 million, up 1.9% year-over-year, driven mainly by higher transportation services, rate increases in the same store warehouse pool and favorable FX, partially offset by portfolio pruning.The company posted a net loss of $342.8 million ($1.19 per diluted share) versus net income of $0.01 per share a year ago, primarily reflecting a $309.6 million impairment tied to a customer-agreed wind-down at Lancaster, PA and Plainville, CT facilities. Global Warehouse same store revenues rose 2.2% (1.1% constant currency), while same store NOI declined 1.5% (2.2% constant currency). Core EBITDA was flat at $159.1 million, and Adjusted FFO slipped to $102.0 million, or $0.35 per share, from $0.36.Americold raised its full-year 2026 Adjusted FFO guidance to $1.26โ$1.32 per share, which it says more than offsets expected dilution from its pending EQT joint venture. As of June 30, 2026, the company reported liquidity of $719.8 million, net debt of about $4.4 billion (7.3x net debt to pro-forma Core EBITDA), an extended revolver maturing in 2030, and paid a quarterly dividend of $0.23 per share.