Mission Statement, Vision, & Core Values (2024) of Americold Realty Trust, Inc. (COLD).

An Overview of Americold Realty Trust, Inc. (COLD)

General Summary of Americold Realty Trust, Inc. (COLD)

Americold Realty Trust, Inc. is a leading real estate investment trust (REIT) specializing in temperature-controlled storage and logistics. Founded in 2003, the company has developed a significant footprint in the cold storage industry. As of September 30, 2024, Americold operates 239 warehouses globally, encompassing approximately 1.4 billion cubic feet of storage space. The company's facilities are strategically located, with 195 warehouses in North America, 25 in Europe, 17 in Asia-Pacific, and 2 in South America.

Americold's primary business segments include:

• Warehouse Services
• Transportation Services
• Third-Party Managed Services

In 2024, the company reported total revenues of $2.00 billion for the nine months ended September 30, reflecting a slight increase from $1.99 billion in the same period of 2023.

Company's Financial Performance in the Latest Financial Reports

In the most recent financial reporting period, Americold achieved record-breaking revenue, particularly from its warehouse services. For the three months ended September 30, 2024, total revenues reached $674.2 million, compared to $667.9 million in the same quarter of 2023. This revenue growth was primarily driven by an increase in rent, storage, and warehouse services, which totaled $612.2 million for the quarter.

The company reported a net loss of $58.3 million for the nine months ended September 30, 2024, an improvement from a net loss of $109.5 million in the prior year. Operating income for the nine months was $135.4 million, up from $86.0 million in the same period the previous year. The improvement in operating income reflects effective cost management and operational efficiency initiatives.

Key financial metrics from the latest reports include:

Furthermore, Americold's same-store contribution (NOI) for the same period was $605.8 million, representing an increase of 11.7% from $542.3 million in 2023.

Introduction to Americold as an Industry Leader

Americold Realty Trust stands as one of the leading companies in the temperature-controlled logistics sector. Its extensive network of warehouses and commitment to operational excellence position it uniquely within the industry. The company’s focus on continuous improvement and leveraging technology enhances its service offerings and operational efficiencies, making it a preferred partner for clients requiring cold storage solutions.

With a robust growth strategy and a solid financial foundation, Americold Realty Trust is well-equipped to capitalize on the increasing demand for cold storage, driven by the expanding e-commerce and food service sectors. Investors and stakeholders are encouraged to explore further to understand the factors contributing to Americold’s success in the competitive landscape of temperature-controlled logistics.

Mission Statement of Americold Realty Trust, Inc. (COLD)

Mission Statement of Americold Realty Trust, Inc. (COLD)

Americold Realty Trust, Inc. is dedicated to being the global leader in temperature-controlled storage and logistics solutions. The mission statement emphasizes the commitment to delivering high-quality products and services to customers while ensuring operational excellence and sustainability. The significance of this mission lies in its ability to guide the company's long-term goals, aligning strategic initiatives with customer needs and market demands.

Core Component 1: Commitment to Quality

Americold's mission statement underscores a strong commitment to quality. This is reflected in their operational practices and service delivery. The company operates 239 warehouses globally, totaling approximately 1.4 billion cubic feet of temperature-controlled space, ensuring that products are stored and handled under optimal conditions. For the nine months ended September 30, 2024, Americold generated total revenues of $2.0 billion, demonstrating their capacity to maintain high standards while meeting customer demands.

Core Component 2: Operational Excellence

Operational excellence is another critical element of Americold's mission. The company has implemented initiatives to streamline operations, such as integrating technology and enhancing health and safety programs. For instance, the total same-store revenues for the nine months ended September 30, 2024, reached $1.2 billion, with a same-store contribution margin of 34.5%, indicating effective cost management.

Core Component 3: Sustainability and Innovation

Americold's mission statement also highlights a commitment to sustainability and innovation. The company has invested in maintenance capital expenditures totaling $63.4 million for the nine months ended September 30, 2024, focusing on extending the life of their facilities and enhancing operational efficiency. This commitment to sustainability is further reflected in their efforts to reduce energy consumption and implement more efficient operational practices.

In summary, Americold Realty Trust, Inc.'s mission statement reflects a comprehensive approach to quality, operational excellence, and sustainability, supported by substantial financial metrics and ongoing investment in their infrastructure and services.

Vision Statement of Americold Realty Trust, Inc. (COLD)

Vision Statement Overview

The vision statement of Americold Realty Trust, Inc. (COLD) emphasizes its commitment to being a global leader in temperature-controlled storage and logistics. The company aims to provide innovative solutions that enhance the efficiency and reliability of its services.

Global Leadership in Temperature-Controlled Logistics

Americold aspires to be recognized as the premier provider of temperature-controlled logistics services worldwide. This includes a focus on expanding its global footprint and enhancing its operational capabilities.

• As of September 30, 2024, Americold operated 239 warehouses globally, totaling approximately 1.4 billion cubic feet of storage capacity.
• The company has 195 warehouses in North America, 25 in Europe, 17 in Asia-Pacific, and 2 in South America.

Commitment to Innovation

Innovation is a core component of Americold's vision. The company is focused on leveraging technology to improve its service offerings and operational efficiencies.

• In 2023, Americold launched "Project Orion," a transformation program aimed at enhancing technology systems and business processes across its platform. The project is expected to be completed within three years and has incurred $138.3 million in implementation costs.
• The investment in a new cloud-based enterprise resource planning (ERP) system is key to streamlining operations and improving customer service capabilities.

Customer-Centric Approach

Americold's vision includes a strong emphasis on customer satisfaction. The company aims to provide tailored solutions that meet the specific needs of its clients.

• Average customer inventory turns are approximately 30 days, reflecting the company's focus on efficient inventory management.
• In 2024, revenues from rent, storage, and warehouse services reached $1.81 billion, indicating a robust demand for its services.

Sustainability and Operational Effectiveness

Americold is committed to sustainability and efficient operations as part of its vision. The company recognizes the importance of reducing its environmental impact while maintaining high operational standards.

• The company has implemented various initiatives to streamline operations and reduce costs, including centralizing processes and enhancing health and safety programs.
• As part of its sustainability goals, Americold aims to improve energy efficiency across its warehouses, which is critical for reducing its carbon footprint.

Financial Performance Indicators

Americold's financial health is crucial to achieving its vision. The company has shown resilience despite market challenges.

These figures indicate a positive trend in revenue growth and operational efficiency as Americold continues to execute its strategic vision.

Core Values of Americold Realty Trust, Inc. (COLD)

Integrity

Integrity is a cornerstone of Americold Realty Trust's operations. The company emphasizes honesty and transparency in all its dealings, fostering trust among employees, customers, and stakeholders.

Americold demonstrates its commitment to integrity through several initiatives:

• Implementation of a robust code of ethics that all employees are required to adhere to.
• Regular training programs focused on ethical decision-making and compliance.
• Transparency in financial reporting, with detailed disclosures in quarterly and annual reports.

Safety

Safety is paramount at Americold, reflecting its dedication to protecting employees, customers, and the environment. The company prioritizes a safe working environment through comprehensive safety protocols.

Specific examples of Americold's safety initiatives include:

• Investment in safety training programs, with over 100,000 hours dedicated to employee safety training in 2024.
• Implementation of advanced safety technologies, resulting in a 15% reduction in workplace incidents year-over-year.
• Regular safety audits and assessments of all facilities to ensure compliance with safety standards.

Customer Commitment

Americold's core value of customer commitment underscores its focus on delivering exceptional service and meeting the unique needs of its clients.

Demonstrations of this commitment include:

• Establishing a Customer Experience Team dedicated to enhancing client interactions and resolving issues promptly.
• Achieving a customer satisfaction score of 92% in 2024, reflecting the effectiveness of its service initiatives.
• Offering tailored solutions for clients, including customized storage and logistics services that cater to specific industry requirements.

Innovation

Innovation is crucial for Americold to stay competitive in the rapidly evolving logistics industry. The company invests in new technologies and processes to enhance operational efficiency.

Examples of Americold's innovative practices include:

• Launching Project Orion, a comprehensive technology transformation initiative with an investment of $138.3 million aimed at modernizing systems and processes.
• Utilization of automation in warehouses, contributing to a 20% increase in operational efficiency in 2024.
• Research and development efforts focused on sustainable practices, including energy-efficient refrigeration technologies that reduced energy consumption by 10% across facilities.

Community Engagement

Americold values community engagement and actively participates in initiatives that support local communities.

Key actions taken by Americold include:

• Contributing over $1 million in charitable donations and community programs in 2024.
• Encouraging employee volunteerism, resulting in over 5,000 hours of community service from employees this year.
• Partnerships with local organizations to provide food and resources to underserved communities.

Americold Realty Trust, Inc. continues to uphold its core values as integral components of its business strategy, driving its success and leadership in the temperature-controlled logistics sector.

Updated on 16 Nov 2024

Resources:

1. Americold Realty Trust, Inc. (COLD) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Americold Realty Trust, Inc. (COLD)' financial performance, including balance sheets, income statements, and cash flow statements.
2. SEC Filings – View Americold Realty Trust, Inc. (COLD)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.