COLD posts -$342.8M net loss on -$342.8M retail-automation impairment; announces EQT JV

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 7, 2025 · ~1 min read

Key Changes

• high

  Company recorded $309.6M impairment charge after agreeing to wind down two purpose-built automated retail distribution centers (Lancaster, PA and Plainville, CT) for customer ADUSA Distribution, a 59x increase from $5.2M in H1 FY2025.

  MD&A: Retail Automation Impairment verify on EDGAR →
• high

  Announced joint venture with EQT Partners (70% EQT, 30% Americold) to contribute 12 cold storage facilities and use proceeds to pay down debt, signaling a shift toward asset-light growth and deleveraging.

  MD&A: EQT Joint Venture verify on EDGAR →
• high

  Operating income swung from $37.6M to -$287.8M as the impairment charge overwhelmed a modest 1.9% revenue gain to $662.9M

  MD&A: Financial Results verify on EDGAR →