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Iron Mountain Incorporated - IRM STOCK NEWS

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Iron Mountain Incorporated (NYSE: IRM) is a global leader in storage and information management services. With a trust base of over 220,000 organizations worldwide, Iron Mountain manages an expansive real estate network that spans more than 80 million square feet across over 1,350 facilities in 45 countries. The company's mission is to safeguard and preserve what matters most to its customers.

Founded in 1951, Iron Mountain has grown to protect billions of information assets, including crucial business documents, electronic data, medical records, and even cultural and historical artifacts. The company’s extensive solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding. These services help organizations reduce storage costs, comply with regulations, recover from disasters, and better utilize their information.

Iron Mountain is structured as a Real Estate Investment Trust (REIT), and a significant portion of its revenue stems from its storage solutions. Additional revenue is generated through value-added services, primarily targeting enterprise clients in developed markets. The company's business is categorized into three main segments: Global RIM Business, Global Data Center Business, and Corporate and Other Business.

Recent achievements and ongoing projects highlight Iron Mountain's commitment to innovation and customer service. The company continues to expand its data center operations, aiming to cater to the growing need for secure and efficient data storage solutions. Partnerships with leading tech firms and continuous upgrades to their infrastructure underscore Iron Mountain's pivotal role in the digital transformation era.

With its consistent focus on security, compliance, and customer satisfaction, Iron Mountain remains a vital entity in the information management industry. For the latest updates and more detailed information about Iron Mountain, visit their official website at www.ironmountain.com.

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Iron Mountain (NYSE: IRM) has elected Andre Maciel to its Board of Directors, effective July 22, 2024. Maciel, currently the Global Chief Financial Officer for The Kraft Heinz Company, brings extensive experience in finance, auditing, and digital transformation. His international background, having lived in 13 countries, adds a global perspective to the board.

Maciel's career includes key roles at H.J. Heinz, AB InBev, McKinsey & Company, and Accenture. Iron Mountain's leadership expressed confidence that Maciel's financial and operational expertise will benefit the company and support its growth trajectory. His appointment is seen as strengthening the board with valuable digital transformation experience and international insights.

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Iron Mountain (NYSE: IRM) will announce its Q2 2024 financial results before market hours on August 1, 2024. The company will host a conference call the same day at 8:30 AM ET to discuss the results. Earnings press release, slides, and supplemental financial information will be available on the Iron Mountain investor relations website. Investors can pre-register for the webcast and conference call, which allows them to bypass the live operator. The telephonic replay of the call will be available two hours after the call for one week.

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Iron Mountain (NYSE: IRM), a global leader in information management, announced its participation in the Stifel 2024 Cross Sector Insight Conference in Boston, MA. The event is scheduled for June 4, 2024, at 10:55 am ET. Barry A. Hytinen, the Executive Vice President and Chief Financial Officer, will present at the fireside chat. The presentation will be webcast and can be accessed via the Investor Relations section on Iron Mountain's website.

Founded in 1951, Iron Mountain serves over 240,000 customers worldwide, offering services such as digital transformation, data centers, secure records storage, and more. The company is committed to helping businesses unlock value from their data while meeting environmental goals.

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Iron Mountain Incorporated (NYSE: IRM) reported a strong start to 2024 with record revenue and first-quarter adjusted EBITDA. The company's total revenue reached $1.5 billion, up 12.4% from the previous year, driven by strong performance in storage rental and service revenue. Net income was $77 million, an 18% increase year over year. Iron Mountain affirmed its full-year 2024 guidance, expecting total revenue of $6-6.15 billion, adjusted EBITDA of $2.175-2.225 billion, and AFFO per share of $4.39-$4.51.

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Iron Mountain Incorporated (NYSE: IRM) will release its first quarter 2024 financial results on May 2, 2024. The company will host a conference call to discuss the results on the same day. Investors can access the earnings press release, conference call slides, and financial information on the company's website. Those interested in joining the conference call are encouraged to pre-register for immediate access.
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Iron Mountain Incorporated (NYSE: IRM) to participate in fireside chat at Morgan Stanley Conference on March 5, 2024, presented by Barry A. Hytinen, Executive Vice President and CFO.
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Iron Mountain Incorporated (IRM) reports strong financial results for the fourth quarter and full year 2023, achieving record revenue and Adjusted EBITDA. The company's net income was $29 million, with total revenue reaching $5.48 billion for the year. Iron Mountain issues a robust 2024 guidance with revenue growth of 10-12%.
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Iron Mountain Incorporated (NYSE: IRM) will report its Q4 and full year 2023 financial results on February 22, 2024. The company will host a conference call to discuss results on the same day. Investors can access the earnings press release, conference call slides, and supplemental financial information on the company's investor website. Pre-registration for the conference call is encouraged to gain immediate access to the call and bypass the live operator.
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Iron Mountain Incorporated (NYSE: IRM) announced the tax treatment for all 2023 distributions on its common stock. The company distributed a total of $2.385146 per share, with $2.360977 being ordinary taxable dividend and $0.024169 as total capital gain distribution. The distributions were paid on January 5, April 5, July 6, and October 5, 2023. Shareholders are advised to refer to the press release for proper completion of their federal tax returns.
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Iron Mountain (IRM) completes acquisition of Regency Technologies, a leading provider of IT asset disposition services, establishing a market leader in IT asset lifecycle management. The acquisition will result in enhanced environmental sustainability and increased value recovery at the end of the IT asset lifecycle. The initial purchase price is $200 million, with $125 million paid at close and the remainder due in 2025, representing an approximate 7.5x multiple of EBITDA.
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FAQ

What is Iron Mountain Incorporated?

Iron Mountain Incorporated (NYSE: IRM) is a global leader in storage and information management services.

How many countries does Iron Mountain operate in?

Iron Mountain operates in 45 countries around the world.

What services does Iron Mountain provide?

Iron Mountain offers records management, data management, document management, data centers, art storage and logistics, and secure shredding services.

Who are Iron Mountain's primary clients?

Iron Mountain primarily caters to enterprise clients in developed markets.

When was Iron Mountain founded?

Iron Mountain was founded in 1951.

How is Iron Mountain structured?

Iron Mountain is structured as a Real Estate Investment Trust (REIT).

What are the main business segments of Iron Mountain?

Iron Mountain's main business segments are Global RIM Business, Global Data Center Business, and Corporate and Other Business.

Where can I find more information about Iron Mountain?

More information about Iron Mountain can be found on their official website at www.ironmountain.com.

What recent achievements has Iron Mountain made?

Iron Mountain continues to expand its data center operations and forge partnerships with leading tech firms.

What is the significance of Iron Mountain's services?

Iron Mountain's services help organizations reduce storage costs, comply with regulations, recover from disasters, and better use their information.

Iron Mountain Incorporated

NYSE:IRM

IRM Rankings

IRM Stock Data

28.45B
293.13M
0.85%
82.49%
4.25%
Lessors of Miniwarehouses and Self-Storage Units
Real Estate and Rental and Leasing
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United States of America
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