Nucor earnings beat by $0.08, revenue fell short of estimates
NOVI, Mich. - Lineage, Inc. (NASDAQ:LINE), the world’s largest global temperature-controlled warehouse Real Estate Investment Trust (REIT) with a market capitalization of $10.8 billion, today announced the planned retirement of Chief Financial Officer Rob Crisci. The company has begun the search for his successor with the assistance of a top executive search firm. Crisci will remain in his role until a new CFO is appointed and will assist with the subsequent transition.
Crisci’s tenure at Lineage began in April 2023, prior to the company’s successful initial public offering in July 2024. He has been credited with leading the finance organization through this significant period of transition and positioning Lineage for future success. The company’s stock has faced challenges since its IPO, currently trading near its 52-week low of $42.05. InvestingPro analysis reveals several key insights about the company’s current position, with 10+ additional ProTips available to subscribers. Before his time at Lineage, Crisci served as a senior executive at Roper Technologies (NASDAQ:ROP) for ten years, including six years as CFO.
Greg Lehmkuhl, President and CEO of Lineage, expressed gratitude for Crisci’s contributions, highlighting his role in the IPO and his efforts in building a strong finance team. Crisci himself expressed pride in his work at Lineage and confidence in the company’s market leadership and value creation potential.
Lineage operates a vast network of over 485 temperature-controlled warehouses, encompassing around 86 million square feet of space globally. The company focuses on enhancing supply chain efficiency, sustainability, and reducing waste, while partnering with major food and beverage entities worldwide. With annual revenues of $5.3 billion and EBITDA of over $1 billion, Lineage stands as a prominent player in the Industrial REITs industry. For detailed analysis and comprehensive valuation metrics, investors can access the full company research report on InvestingPro, which offers expert insights on 1,400+ top US stocks.
This announcement is based on a press release statement from Lineage, Inc.
In other recent news, Lineage Inc. reported its first-quarter 2025 earnings with a mixed financial performance, revealing earnings per share of $0.01 and revenue of $1.29 billion, a 3% decline year-over-year. The company maintained its 2025 financial guidance, projecting adjusted EBITDA between $1.35 billion and $1.4 billion. In a significant development, Lineage announced agreements with Tyson Foods, involving the acquisition of cold storage facilities and plans for new developments, expected to generate over $100 million in annual EBITDA once stabilized. Analyst activity has been notable, with Piper Sandler reaffirming an Overweight rating and a $60 price target, citing confidence in Lineage’s second-half performance. Conversely, BofA Securities downgraded Lineage from Buy to Neutral, reducing the price target to $49, due to concerns over revenue growth and occupancy challenges. Lineage continues to focus on transparency and strategic acquisitions to navigate macroeconomic uncertainties, including tariffs impacting supply chain decisions. The company’s proactive approach and strategic partnerships remain key areas of interest for investors.
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