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 (NYSE: IRM) is a REIT-classified company in the real estate and rental and leasing sector that focuses on information management services, storage and related data center and digital offerings. This news page aggregates announcements and press releases in which Iron Mountain describes how it serves more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, through information management, digital transformation, information security, data center and asset lifecycle management services.
Investors and followers of IRM can use this feed to review company-issued updates on financial performance, capital markets activity and corporate developments. Recent communications have included quarterly earnings press releases highlighting revenue from storage rental and service revenue, non-GAAP metrics such as Adjusted EBITDA, funds from operations (FFO) and adjusted funds from operations (AFFO), as well as dividend declarations on its common stock.
The IRM news flow also covers participation in investor conferences, where company representatives discuss strategy and financial outlook, and corporate governance updates such as the election of new directors with extensive REIT and real estate finance experience. In addition, Iron Mountain has announced strategic partnerships that showcase its information management and digital capabilities, including work on digital heritage transformation using an AI-enabled digital platform and secure management of end-of-life IT assets.
By reviewing Iron Mountain news, readers can follow how the company communicates its progress in storage, data center, digital and asset lifecycle management businesses, its approach to safety, security and sustainability, and its use of capital through debt offerings and credit agreement amendments. This page provides a centralized view of IRM-related developments as disclosed in company news releases.
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.
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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.
Iron Mountain, the leader in storage and information management, reported strong financial results for Q2 2021. Total revenue reached $1.12 billion, a 14% increase from Q2 2020, driven largely by a 32% rise in service revenue. Net income surged to $276.5 million, compared to a loss of $7.1 million a year prior. Adjusted EBITDA increased by 13% to $405.6 million. The company raised its full-year revenue guidance to between $4.415 billion and $4.515 billion, reflecting robust demand across key markets. A quarterly dividend of $0.6185 per share was also declared.
Iron Mountain (NYSE: IRM) will announce its Q2 2021 financial results before market hours on August 5, 2021. A conference call to discuss the results is scheduled for 8:30 A.M. ET on the same day. Investors can access earnings materials and the live webcast via the investor relations page starting at 6:00 A.M. ET. This call provides an opportunity for stakeholders to engage with the company's results.
Iron Mountain announced an agreement to acquire a Zurich data center from Calcium DC Pte. Ltd. for EUR 76 million. The facility spans 20,000 square meters and offers 2.6 megawatts of leased capacity, with 8 megawatts available to retail colocation customers. Closing is expected within 90 days, pending conditions. This acquisition enhances Iron Mountain's presence in Frankfurt, where demand for data center services is strong. Key features include Uptime Tier III-equivalent specifications, robust connectivity, and significant expansion potential.
Iron Mountain (NYSE: IRM) has successfully sold five facilities to Intermediate Capital Group for approximately $178 million. This sale-leaseback transaction, spanning 550,000 square feet in the greater London area, allows Iron Mountain to maintain control of these properties under a twelve-year lease, with potential extensions up to 20 years. The proceeds will be reinvested in high-growth areas, notably in its data center business. The CFO highlighted the transaction's strategic fit within their capital recycling program, projecting nearly $140 million available for future investments.