What caused COLD's earnings decline in 2024?

Americold Realty's earnings decline in 2024 can be attributed to a combination of factors:

1. **Revenue Shortfall**: The company's total revenue decreased by 8.3% year-over-year to $2.7 billion. This decline was primarily due to decreases in the Third-party managed and Transportation segments, despite a 2.3% increase in revenue for the Global Warehouse segment.
2. **Cost Pressure**: The company faced cost pressure, which impacted its bottom line, causing the dividend to stagnate. This pressure was likely due to inflation, which affected real estate operations and increased the cost of managing existing facilities and developing new properties.
3. **Economic Conditions**: The broader economic conditions, including inflation and supply chain disruptions, likely impacted the company's operations and profitability.

In summary, Americold Realty's earnings decline in 2024 was caused by a combination of revenue shortfall, cost pressure and economic conditions.

|code|Ticker|Name|Date|Revenue Surprise|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|COLD|COLD.N|Americold Realty|2024 Q1|-6250000|6.6498E8|169|
|COLD|COLD.N|Americold Realty|2024 Q2|7220000|6.60955E8|169|
|COLD|COLD.N|Americold Realty|2024 Q3|1.03E7|6.74171E8|169|
|COLD|COLD.N|Americold Realty|2024 Q4|-5510000|6.66435E8|169|