Iron Mountain Inc header image

Iron Mountain Inc

IRM

Equity

ISIN US46284V1017 / Valor 26754105

New York Stock Exchange, Inc (2025-03-14)
USD 86.62+1.79%

Iron Mountain Inc
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About company

Iron Mountain Inc. (NYSE: IRM) is a prominent player in the information management services industry, with a history dating back to 1951 and a vast customer base of over 240,000 clients globally. The company offers a wide range of services including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics. Iron Mountain's primary focus is on safeguarding and enhancing the value of its customers' data and assets, enabling them to extract insights and maximize efficiency while ensuring security and compliance.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (17.12.2024):

Total Revenue Growth

Iron Mountain Inc. reported total revenues of $1.6 billion for the third quarter of 2024, marking a 12.2% increase compared to the same period in 2023. This growth was driven by a 9.3% rise in storage rental revenue and a 17.6% increase in service revenue. Excluding the impact of foreign currency exchange, the revenue growth was slightly higher at 12.5%.

Net Income Decline

For the third quarter of 2024, Iron Mountain Inc. experienced a net income loss of $33.7 million, a significant decline from the $91.4 million profit recorded in the third quarter of 2023. This decrease was largely attributed to unfavorable changes in foreign currency exchange rates, which negatively impacted the company's financial results.

Adjusted EBITDA Increase

Iron Mountain Inc. reported an Adjusted EBITDA of $568.1 million for the third quarter of 2024, representing a 13.6% increase from the $500.0 million reported in the same quarter of the previous year. On a constant currency basis, Adjusted EBITDA grew by 13.9%, driven by increased revenue in Global RIM, ALM, and data center operations.

AFFO Growth

The company's AFFO for the third quarter of 2024 was $332.0 million, up 10.2% from $301.2 million in the third quarter of 2023. This growth was supported by improved Adjusted EBITDA. AFFO per share also increased to $1.13 from $1.02 in the same period last year, reflecting a 9.6% rise.

Dividend Declaration

Iron Mountain Inc.'s Board of Directors declared a quarterly cash dividend of $0.715 per share for the fourth quarter of 2024. This dividend is scheduled to be paid on January 7, 2025, to shareholders of record as of December 16, 2024, continuing the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

11.0%1Y
80.3%3Y
199%5Y

Performance

29.9%1Y
29.2%3Y
32.5%5Y

Volatility

Market cap

30429 M

Market cap (USD)

Daily traded volume (Shares)

1,765,164

Daily traded volume (Shares)

1 day high/low

104.17 / 101.89

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

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