Americold Realty Trust, Inc. Q4 2025 Earnings Call Summary

Management attributed the first year-over-year quarterly increase in NOI and EBITDA since 2024 to sequential occupancy gains and aggressive cost-reduction initiatives. The company achieved its goal of 60% fixed commitment contracts, providing cash flow stability even as customers reevaluate total space requirements in a cautious demand environment. Operational improvements drove a 1,000 basis point increase in services margins over two years, supported by labor initiatives and low single-digit custome ...