Welcome to our dedicated page for Iron Mountain news (Ticker: IRM), a resource for investors and traders seeking the latest updates and insights on Iron Mountain stock.
Iron Mountain Incorporated (IRM) provides secure information management and storage solutions for global enterprises. This news hub offers investors and stakeholders centralized access to official announcements and strategic updates.
Track all material developments through verified press releases covering earnings reports, sustainability initiatives, and operational expansions. Our curated collection includes updates on records management innovations, data center developments, and regulatory compliance milestones relevant to the information services sector.
Key updates feature partnership announcements, technology implementations, and market expansion strategies. Bookmark this page to monitor IRM's progress in bridging physical and digital information management while maintaining compliance with global data protection standards.
Iron Mountain (NYSE: IRM) announced a proposed private placement offering of $500 million in Senior Notes due in 2032. The offering will be fully guaranteed and aims to partially fund the acquisition of ITRenew along with related expenses. The exact terms will be determined based on market conditions. Importantly, these notes will not be registered under the Securities Act and will only be offered to qualified institutional buyers and non-U.S. persons. This move aligns with Iron Mountain's strategy to strengthen its position in the storage and information management sector.
ITRenew has signed an agreement for Iron Mountain (NYSE: IRM) to acquire the company, enhancing Iron Mountain's service offerings in IT Asset Disposition (ITAD). ITRenew, a leader in sustainable decommissioning and data security, has seen significant expansion under ZMC’s ownership, including revenue growth and operational improvements. The acquisition aims to leverage Iron Mountain's extensive enterprise customer base to provide broader, sustainable solutions within the hyperscale data center market, aligning with growing environmental goals.
Iron Mountain has announced a definitive agreement to acquire ITRenew, a leader in data center lifecycle management, for approximately
Iron Mountain (NYSE: IRM) announced a significant 20 megawatt multi-year lease with a Fortune 100 client at its VA-2 data center in Manassas, Virginia, commencing in phases from mid-2022 through mid-2023. This new lease increases the facility's capacity from 30 megawatts to 36 megawatts. Year-to-date, Iron Mountain has secured approximately 44 megawatts in new and expansion leases, surpassing its 2021 target of 30 megawatts. The company emphasizes strong demand for its data center solutions and its commitment to partnering with clients.
Iron Mountain (NYSE: IRM) announced that Barry Hytinen, CFO, will participate in a virtual fireside chat at the 5th Annual Virtual Wells Fargo TMT Summit on November 30, 2021, at 4:00 PM ET. Investors can access the live webcast via the Investor Relations section of www.ironmountain.com. Iron Mountain is a leader in storage and information management, providing a range of services including secure records storage and digital transformation, while serving over 225,000 customers globally.
Iron Mountain reports a 77% increase in net income for Q3 2021, totaling $68 million, alongside record quarterly revenue of $1.13 billion.
This reflects a 9% rise year-over-year, driven by a 21% jump in service revenue and a 3.2% growth in storage revenue. Adjusted EBITDA climbed to $418 million, an increase of 11%. The company also announced a quarterly dividend of $0.6185 per share.
Iron Mountain maintains its full-year guidance, expecting total revenue between $4.415 and $4.515 billion.
Iron Mountain, a leader in storage and information management, will announce its third-quarter 2021 financial results on November 4, 2021, before market hours. A conference call is scheduled for 8:30 A.M. ET the same day to discuss the results. Investors can access the earnings press release, conference call slides, and supplemental financial information at ironmountain.com. The company is recognized for its innovative services in storage, data management, and secure destruction, supporting over 225,000 customers globally.
Iron Mountain (NYSE: IRM) announced that Mark Kidd, Executive Vice President & General Manager of Data Centers, will participate in a virtual fireside chat at the Cowen 7th Annual Communications Infrastructure Summit on August 12 at 1:20 pm ET. A live webcast will be accessible under the Investor Relations section of www.ironmountain.com with a replay available until November 12, 2021. Iron Mountain, a leader in storage and information management, supports over 225,000 customers globally.
Iron Mountain (NYSE: IRM) announced a 2.4 megawatt lease with a major hyperscale enterprise software provider at its WPA-1 data center in Pennsylvania. This agreement, commencing Q1 2022 and lasting ten years, adds to Iron Mountain's extensive data center portfolio. The WPA-1 facility offers over 300,000 square feet of space and operates on 100% renewable energy, featuring geothermal cooling for sustainability. The firm also recently signed a 6 megawatt lease in Virginia, highlighting increasing demand for secure, compliant data center services amidst privacy regulations.
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