Short answer
Americold Realty Trust (COLD) filed its Q1 2019 10-Q quarterly report on May 10, 2019 for the quarter ended Mar 31, 2019.
Americold Realty Trust Q1 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $393.1M, up 0.3% YoY from $391.1M
- Warehouse margin 31.4% vs 31.3% YoY, transportation margin 11.7% vs 9.4%
- Best segment transportation: NOI $4.4M, up 21.2% YoY; worst quarry: revenue $2.2M, down 7.1%
- Operating cash flow $53.0M vs $50.2M; investing outflows $58.7M, including $39.5M growth capital expenditures
- Near-term funding: $1.21B follow-on proceeds for Cloverleaf and Lanier acquisitions, with $350M debt placement planned in May
Risk Factors
- New acquisition risk: Cloverleaf Acquisition may fail to deliver benefits or disrupt operations; Zero Mountain integration remains ongoing
- Operational risk: Integration could divert management attention and create unanticipated costs, liabilities, or customer losses
- Legal and compliance risk: Cloverleaf properties may carry unknown environmental, tax, or customer liabilities with limited seller recourse
- Market risk: Temperature-controlled warehouse values could decline after significant appreciation, impairing acquired asset economics
- Competitive and performance risk: Higher vacancy rates or lower storage rates could reduce Cloverleaf revenue below expectations
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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