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The Company Americold (NYSE: COLD) is a global leader in temperature-controlled logistics and real estate, supporting the safe, efficient movement of food worldwide. Leveraging deep industry expertise, advanced technology, and sustainable practices, Americold delivers reliable cold storage and transportation solutions that create lasting value for customers and communities.
Operating margin is thin at 0.28%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.4% YoY. Margins deteriorated 4.4pp alongside, both lines moving the wrong way.
Free cash flow declined 312% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -$217M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2.60B
▼ -2.4% YoY
Net Income (TTM)
-$112M
▼ -21.5% YoY
Op. Margin
-0.03%
▼ -4.4pp YoY
ROIC
-0.01%
▼ -1.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$205M
▼ -312.1% YoY
Op. Cash Flow (TTM)
$369M
▼ -12.7% YoY
Net Debt
$4.47B
Cash & Equiv.
$40M
5Y CAGR: +5.5%
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