Revenue segments as reported by the company.

Storage Rental

Service

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, General and Administrative

Depreciation and Amortization

Acquisition and Integration Costs

Restructuring Charges

(Gain) Loss on Disposal/Write-Down of PP&E, Net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Iron Mountain

Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfillment services throughout the U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in the U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Iron Mountain (IRM) achieves record Q4 performance amidst challenges

Iron Mountain's Q4 2022 earnings call highlighted record performance, strong financial results, and challenges related to organic revenue growth trends and FX headwinds. The company remains optimistic about opportunities for growth in 2023, emphasizing revenue management and data center performance.

Iron Mountain achieves record Q1 results amidst pricing challenges

Iron Mountain's Q1 2023 performance showcased record revenue and growth, driven by significant contract wins and strong revenue management strategies.
While facing challenges in pricing trends and flat volumes in mature markets, the company is leveraging opportunities in data center demand, ALM growth, and customer-centric solutions.
With a focus on expansion, revenue mix growth, and overcoming pricing challenges, Iron Mountain aims to maintain stability and drive future growth in its diverse business segments.

Iron Mountain reports robust Q2 earnings, eyes global expansion

Iron Mountain (IRM) delivered strong financial performance in Q2 2023, driven by revenue growth, customer wins, and strategic acquisitions.
Despite challenges such as labor cost increases and retention rate contractions, the company remains focused on capitalizing on growth opportunities.
With a solid foundation in records management and a thriving data center business, Iron Mountain is well-positioned for future expansion and market diversification.
Continued focus on operational efficiency, pricing strategies, and global market expansion will be key for Iron Mountain's sustained growth and success.

Iron Mountain posts record Q3 earnings, eyes data center growth

Iron Mountain (IRM) delivered strong financial performance in Q3 2023, driven by revenue and EBITDA growth.
The company's focus on customer wins, ALM business stability, and data center development positions it for continued success.
Challenges include managing high CapEx for data center construction and optimizing real estate for conversions.
Opportunities lie in expanding ALM capabilities, improving data center yields, and strategic real estate conversions.

Iron Mountain (IRM) reports record Q4 earnings and projects growth in 2024

Iron Mountain (IRM) achieved record financial performance in Q4 and full year 2023, driven by diverse wins and strong business segments. The acquisition of Regency Technologies strengthens IRM's ALM business and sets the stage for continued success. Challenges in gross margin management and meeting 2024 targets exist amidst promising growth opportunities.

Iron Mountain excels in Q1 2024, eyes data center growth

Iron Mountain's Q1 2024 performance reflects strong revenue growth and operational improvements across all business segments.
The company's strategic initiatives, including Project Matterhorn and the Regency Technologies acquisition, have positioned it for continued success.
While facing challenges such as currency headwinds, Iron Mountain remains focused on leveraging opportunities in data center expansion and targeted acquisitions.

Iron Mountain achieves record Q2 performance, poised for strategic growth

Iron Mountain's Q2 2024 performance reflects robust revenue growth, operational efficiency, and strategic advancements across key business segments.
While facing potential challenges in a competitive landscape, the company's strong market position and diversified offerings provide a foundation for future growth.
By capitalizing on opportunities in expanding services and markets, Iron Mountain can further enhance its financial performance and shareholder value.

Iron Mountain achieves record Q3 results, eyes growth opportunities

Iron Mountain's Q3 2024 performance showcased record results and strategic wins across various business segments, driving revenue growth.
The company's focus on customer value, cross-selling, and market expansion positions it well for long-term growth and revenue targets.
Challenges in maintaining growth targets and integrating acquisitions exist, but opportunities in organic growth and market expansion offer potential for continued success.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

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Total equity

Stockholders equity

Minority interest

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Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfillment services throughout the U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in the U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Portsmouth, NH.

Iron Mountain Incorporated (NYSE:IRM ) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Officer Barry Hytinen - Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin We are ready to get started. I am pleased to welcome Iron Mountain's CEO, Bill Meaney; CFO, Barry Hytinen, and welcome to our conference.

Iron Mountain Incorporated (IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)

IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center capex remain robust, we believe that the premium observed in its stock valuations is unwarranted. This is especially since Data Center remains a miniscule portion of IRM's top/ bottom-lines, with the management's focus on capex growth implying lower AFFO payout ratios ahead.

Iron Mountain: Deserves A Downgrade, Overly Expensive Here

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10 Sweet REITs: Yield Up To 6.6%

IRM's steady revenues in the storage and records management business and focus on the data center business augur well. High interest rates are a concern.

Should You Retain Iron Mountain Stock in Your Portfolio Now?

Iron Mountain (NYSE: IRM) stock price has gone parabolic this year, making it one of the top-performing companies in the S&P 500 index. It has risen in the last five consecutive months and is sitting at its highest point on record.

Iron Mountain stock is overvalued and overbought: buy or sell?

Iron Mountain Incorporated (NYSE:IRM ) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:50 AM ET Company Participants Barry Hytinen - CFO Conference Call Participants George Tong - Goldman Sachs Santiago Suinaga - Infrastructure Masons George Tong Let's go ahead and get started. Good morning, everyone, and welcome.

Iron Mountain Incorporated (IRM) Goldman Sachs Communacopia + Technology Conference (Transcript)

Iron Mountain Incorporated is a REIT specializing in data storage with good growth prospects, but is overvalued at 32x FFO. The trust has a strong customer base, recurring revenue, and a growth strategy focused on data centers and digital solutions. Despite positive financial performance and balance sheet strength, the high valuation and limited upside potential make Iron Mountain less appealing for long-term investors.

Iron Mountain Stock Is Clearly Overvalued

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In July 2024, we received $1,683.75 in dividend income. We have been buying at least 4 shares of SCHD every single week. I accepted a long time ago that Leggett & Platt's dividend cut was terrible.

Bert's July Dividend Income Summary (2024)

To manage physical and digital information, Iron Mountain (IRM) uses MongoDB Atlas as the data platform for its InSight DXP.

Iron Mountain (IRM) Uses MongoDB for its New InSight DXP

MongoDB

Leader in information management services uses MongoDB Atlas and MongoDB Atlas Vector Search for intelligent document processing, workflow automation, and information governance capabilities on a unified platform AUSTIN, Texas , Aug. 20, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today at its MongoDB.local Austin developer conference announced that Iron Mountain (NYSE: IRM), a global leader in information management services, is using MongoDB as the data platform for their new Iron Mountain InSight ®  Digital Experience Platform (DXP) . Built on MongoDB Atlas, InSight DXP is now available for customers seeking a unified, customizable platform to access, manage, govern, and monetize physical and digital information.

Iron Mountain Leverages MongoDB to Provide Customers with Customizable Digital Experiences to Manage Physical and Digital Information

Iron Mountain's (IRM) strong cash flows in the storage and records management business and a focus on the data center business are upsides, though competition and high interest rates are concerns.

Should You Retain Iron Mountain (IRM) in Your Portfolio?

A recurring revenue model and expansion into the data center business will likely drive Iron Mountain's (IRM) performance despite the elevated interest rate environment.

Iron Mountain (IRM) Rises 53.4% YTD: Will the Trend Last?

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Dividend Income: Lanny's July 2024 Summary

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PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain today announced the availability of Iron Mountain InSight® Digital Experience Platform (DXP), a secure software-as-a-service platform.

Iron Mountain Transforms the Information Experience With New Digital Experience Platform

REITs are starting to regain investors' respect. But some of them are getting overhyped. I highlight 3 overrated REITs that I would avoid.

3 Overrated REITs To Avoid

Iron Mountain's (IRM) Q2 results reflect a year-over-year rise in revenues backed by solid storage and service segments and the data-center business performance. However, high interest expenses ail.

Iron Mountain's (IRM) Q2 AFFO Beat Estimates, Revenues Rise Y/Y

Although the revenue and EPS for Iron Mountain (IRM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Iron Mountain (IRM) Q2 Earnings

Iron Mountain Incorporated (NYSE:IRM ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP and Head, IR William Meaney - President and CEO Barry Hytinen - EVP and CFO Conference Call Participants George Tong - Goldman Sachs Kevin McVeigh - UBS Nate Crossett - BNP Alexander Hess - JPMorgan Eric Luebchow - Wells Fargo Shlomo Rosenbaum - Stifel Brendan Lynch - Barclays Jon Atkin - RBC Operator Good morning and welcome to the Iron Mountain Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Iron Mountain Incorporated (IRM) Q2 2024 Earnings Call Transcript

Iron Mountain (IRM) came out with quarterly funds from operations (FFO) of $1.08 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to FFO of $0.94 per share a year ago.

Iron Mountain (IRM) Q2 FFO and Revenues Surpass Estimates

Iron Mountain on Thursday posted a rise in funds from operations (FFO) for the second quarter, on the back of rising demand for its data-center business.

Iron Mountain second-quarter FFO jumps on strong demand for data storage

PORTSMOUTH, N.H.--(BUSINESS WIRE)--The Board of Directors (the “Board”) of Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, declared a quarterly cash dividend of $0.715 per share for the third quarter, payable on October 3, 2024 to shareholders of record on September 16, 2024. “Our Board of Directors has authorized a 10% increase to our dividend. Our business model is delivering strong revenue performance, resulting in top tier growth in Adjusted Funds.

Iron Mountain Increases Quarterly Dividend per Share by 10%

PORTSMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, announces financial results for the second quarter of 2024. The conference call / webcast details, earnings call presentation and supplemental financial information, which includes definitions of certain capitalized terms used in this release, are available on Iron Mountain's Investor Relations website. Reconciliations of non-GAAP measures to the appropriate GAAP measur.

Iron Mountain Reports Second Quarter Results

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Investing in growth stocks gives investors the opportunity to outperform major benchmarks like the S&P 500 and the Nasdaq Composite. Growth-oriented firms regularly exhibit rising revenue.

News for Iron Mountain Stock (IRM)