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Americold Realty Trust (COLD) Q3 FY2026 earnings: revenue $692 million, up 4.2% on the year

Americold Realty Trust (COLD) reported revenue of $692 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.2% on the same quarter a year earlier. Net income was $683 million, and diluted earnings per share $2.38. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$692 million
+4.2% on the year · +4.3% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
107.4%
2.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
$683 million
Q4 FY2024Q3 FY2026
Diluted EPS
$2.38
Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 6 raised, 3 kept.

  • Revenue and NOI grew year over year: Total revenues were $691.6 million, up 4.2%. Total NOI was $213.7 million, also up 4.2%, excluding joint venture related revenue and costs.
  • Adjusted FFO flat at $0.35: Adjusted FFO was $101.3 million, or $0.35 per diluted share, the same per-share figure as a year earlier. Core FFO was $0.23 per diluted share against $0.29.
  • Net income lifted by EQT gain: Net income attributable to the company was $683.4 million, or $2.38 per diluted share, mainly from a $714.1 million gain on contribution of real estate assets.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Revenue692663664+4.3%+4.2%
Cost of revenue465450459+3.2%+1.3%
Gross profit227213205+6.6%+10.6%
Gross margin32.8%32.1%30.9%
Selling, general and administrative63.562.971.0+1.0%-10.6%
Operating income743-28816.8+4,333.6%
Operating margin107.4%-43.4%2.5%
Interest expense42.042.333.9-0.8%+23.7%
Pre-tax income697-324-17.7
Income tax6.522.7-6.2-71.3%
Effective tax rate0.9%n/an/a
Net income683-343-11.4
Net margin98.8%-51.7%-1.7%
Diluted EPS$2.38-$1.19-$0.04
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Operating cash flow84.310078.9-15.8%+6.8%
Capital expenditure96.1140144-31.6%-33.4%
Free cash flow-11.8-40.3-65.4
Free cash flow margin-1.7%-6.1%-9.8%
Cash from investing1,051-89.7-142
Cash from financing-1,140-9.3-3.9
Depreciation and amortisation10610388.0+2.7%+20.0%
Share-based compensation5.85.610.1+3.8%-42.1%
Dividends paid66.366.566.1-0.3%+0.3%
Diluted shares, weighted288m287m286m+0.3%+0.6%
Shares outstanding at period end286m285m285m+0.0%+0.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ3 FY2026Q2 FY2026Q3 FY2025On the quarterOn the yearLast 8 quarters
Shareholders' equity3,0402,4153,033+25.9%+0.2%
Non-controlling interest45.636.537.7+24.6%+20.9%
Debt3,1224,2593,920-26.7%-20.4%
Other liabilities1,3091,1011,090+18.9%+20.1%
Total liabilities and equity7,5167,8118,081-3.8%-7.0%
Fixed assets4,6435,1205,419-9.3%-14.3%
Goodwill827827827-0.0%-0.1%
Intangible assets787797828-1.2%-4.8%
Cash and equivalents36.040.533.3-11.1%+7.9%
Other assets1,2241,027974+19.2%+25.7%
Total assets7,5167,8118,081-3.8%-7.0%

Questions

What was Americold Realty Trust's revenue in Q3 FY2026?

Americold Realty Trust (COLD) reported revenue of $692 million for Q3 FY2026, the quarter ended 30 September 2026, up 4.2% on the same quarter a year earlier.

How much did Americold Realty Trust earn in Q3 FY2026?

Net income for Q3 FY2026 was $683 million, and diluted earnings per share $2.38.

When did Americold Realty Trust report Q3 FY2026 results?

Americold Realty Trust filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022 †Q3 FY2022 †Q4 FY2022 *Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024 †Q4 FY2024 * †Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue716706730758722676650668679665661674666629651664658630663692
Cost of revenuen/an/an/an/an/an/an/an/an/a454445465455423439459442434450465
Gross profitn/an/an/an/an/an/an/an/an/a211215209211206212205217196213227
Gross marginn/an/an/an/an/an/an/an/an/a32%33%31%32%33%33%31%33%31%32%33%
SG&A49.057.656.357.160.162.953.852.457.865.459.563.766.669.266.971.062.471.362.963.5
Operating income4.28.023.723.233.032.320.733.0-19441.863.427.2-8.422.237.616.8-69.314.3-288743
Operating margin1%1%3%3%5%5%3%5%-29%6%10%4%-1%4%6%3%-11%2%-43%107%
Interest expense21.425.826.530.433.4n/a36.435.6n/a33.433.234.334.536.138.233.939.541.542.342.0
Pre-tax income-17.5-18.2-4.8-10.80.3-1.8-96.1-2.8-22711.8-66.9-4.6-43.5-14.04.8-17.7-109-20.3-324697
Tax raten/an/an/an/a-1019%n/an/an/an/a17%n/an/an/an/a68%n/an/an/an/a1%
Net income-8.0-17.43.9-8.92.9-2.6-105-2.1-2279.7-64.1-3.7-36.2-16.41.5-11.4-88.3-13.6-343683
Net margin-1%-2%1%-1%0%-0%-16%-0%-33%1%-10%-1%-5%-3%0%-2%-13%-2%-52%99%
Diluted EPS-$0.03-$0.06$0.01-$0.03$0.01-$0.01-$0.39-$0.01-$0.80$0.03-$0.23-$0.01-$0.13-$0.06$0.01-$0.04-$0.31-$0.05-$1.19$2.38
Operating cash flow10915.611849.611741.541.311017362.013750.616330.212078.913039.910084.3
Capital expenditure12593.088.772.454.369.358.760.376.245.863.395.210511317814414211014096.1
Free cash flow-16.2-77.429.0-22.862.9-27.8-17.450.196.816.273.3-44.557.4-82.3-57.4-65.4-12.2-70.1-40.3-11.8
Dividends paid59.059.959.660.159.160.159.759.862.763.063.163.062.963.466.266.165.666.166.566.3
Shares outstanding268m269m269m269m270m270m270m284m284m284m284m284m284m285m285m285m285m285m285m286m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.