earnings
confidence high
sentiment neutral
materiality 0.75
Americold Q4 revenue up 36.8% to $716.5M, net loss narrows to $0.03/share; names George Chappelle permanent CEO
AMERICOLD REALTY TRUST
2021-FY EPS reported
-$0.12
revenue$2,714,790,000
- Q4 revenue $716.5M (+36.8% YoY); net loss $8.0M ($0.03 loss per diluted share) vs $44.0M loss in prior year.
- Core FFO $0.26 per share, AFFO $0.31 per share; same store warehouse NOI decreased 8.2%.
- Acquired Lago Cold Stores in Australia for A$106.4M ($75.1M USD) and Denver facility for $53.6M.
- George F. Chappelle Jr. appointed permanent CEO; base salary $1M, target incentive 160% of base, equity award $3.56M.
- Board adopted Executive Severance Benefits Plan for key executives with double-trigger change-in-control provisions.