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 reports developments as an information management services company organized and operated as a real estate investment trust. Its updates center on records and information management, secure shredding, digital transformation, information security, data centers and asset lifecycle management. Recurring earnings releases discuss storage rental and service revenue, organic growth, foreign exchange effects, Adjusted EBITDA, AFFO and guidance across Global RIM, Data Center, digital and ALM activities.
Company news also covers common-stock distribution tax treatment, investor conference participation and technology-related customer solutions. Recent business updates include media and entertainment archive services that combine preservation expertise, AI content discovery and Google Cloud infrastructure for digitized legacy assets and secure digital vaults.
Iron Mountain (NYSE: IRM) has released its tax treatment details for all 2024 distributions on common stock. The company declared four quarterly distributions totaling $2.665 per share for 2024, with payments scheduled for January 4 ($0.65), April 4 ($0.65), July 5 ($0.65), and October 3 ($0.715). Of the total distribution, $2.201683 per share is classified as Ordinary Taxable Dividend, and $0.463317 per share as Return of Capital.
Shareholders who held stock directly will receive IRS Form 1099-DIV from Computershare, while those holding shares in 'street name' may need this detailed information to properly complete their federal tax returns. The announcement includes specific breakdowns of qualified dividends, capital gains, and Section 199A dividend classifications.
Iron Mountain (NYSE: IRM) has announced it will release its fourth quarter and full year 2024 financial results before market hours on Thursday, February 13, 2025. The company will host a conference call at 8:30 A.M. Eastern Time on the same day to discuss the results.
The earnings release, conference call slides, and supplemental financial information will be available on Iron Mountain's investor relations website. Investors can access the webcast through pre-registration, which provides immediate access and a unique PIN. A telephonic replay will be available for one week following the call.
Iron Mountain (NYSE: IRM) has elected June Yee Felix to its Board of Directors, effective January 1, 2025. Felix brings three decades of leadership experience in financial services, fintech, and technology sectors. She served as Group CEO of IG Group plc from 2018 to 2023 and held senior positions at Verifone, Citibank, IBM, and Chase Manhattan Bank. She currently serves as a non-executive director at RELX PLC and is an advisory board member of the London Technology Club. Felix holds a bachelor's degree in chemical engineering and pre-med from the University of Pittsburgh.
Iron Mountain (NYSE: IRM) has announced its participation in the Barclays 22nd Annual Global Technology Conference in San Francisco. The company's Executive Vice President and CFO, Barry A. Hytinen, will engage in a fireside chat on Wednesday, December 11, 2024, at 8:05 am PT (11:05 am ET).
The presentation will be accessible via webcast through Iron Mountain's Investor Relations website section. Iron Mountain serves over 240,000 customers across 60 countries, including approximately 95% of Fortune 1000 companies, providing services in information management, digital transformation, information security, data center, and asset lifecycle management.
Iron Mountain (NYSE: IRM) has announced the pricing of an upsized private placement offering of $1.2 billion in 6.25% Senior Notes due 2033. This represents a $450 million increase from the previously announced $750 million offering. The Notes will be guaranteed by the company's subsidiaries that are obligors under existing notes series.
The company plans to use the net proceeds to repay a portion of outstanding borrowings under its revolving credit facility. The Notes are being offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S.
Iron Mountain (NYSE: IRM) has announced a private placement offering of $750.0 million in Senior Notes due 2033. The Notes will be guaranteed by the Company's subsidiaries that are obligors under existing notes series. The proceeds will be used to repay a portion of outstanding borrowings under the Company's revolving credit facility. The Notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons outside the United States under Regulation S.
Iron Mountain (NYSE: IRM) has expanded its data center capacity in Virginia through two strategic acquisitions. The company acquired a 66-acre site in Richmond for a new campus with over 200 MW capacity and a 40-acre site in Manassas for two new buildings offering 150 MW capacity. These acquisitions add more than 350 MW of planned future capacity, bringing Iron Mountain's total global data center capacity to over 1.2 gigawatts when fully developed. The Manassas expansion includes a new electricity substation. The facilities will offer compliance with various standards including HIPAA, FISMA High, and PCI-DSS, and will be powered by 100% renewable energy.
Iron Mountain (NYSE: IRM) announced its participation in the J.P. Morgan 2024 Ultimate Services Investor Conference in New York City. The company's Executive Vice President and CFO Barry A. Hytinen will participate in a fireside chat on Thursday, November 14, 2024, at 1:50 pm ET. The presentation will be accessible via webcast on Iron Mountain's Investor Relations website.
Iron Mountain, founded in 1951, serves over 240,000 customers worldwide, offering services including digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics. The company helps businesses unlock value from their stored digital and physical assets while supporting their environmental goals.
Iron Mountain (NYSE: IRM) reported strong Q3 2024 financial results with total revenue reaching $1.6 billion, up 12.2% year-over-year. Storage rental revenue increased 9% to $936 million, while service revenue grew 17% to $622 million. The company recorded a net loss of $33.7 million compared to a $91.4 million profit in Q3 2023, primarily due to foreign currency exchange impacts. Adjusted EBITDA rose 13.6% to $568.1 million, and AFFO per share increased to $1.13 from $1.02. The company declared a quarterly dividend of $0.715 per share and affirmed its full-year 2024 guidance, expecting to achieve the high end of the range.
Iron Mountain (NYSE: IRM) has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings before market hours on Wednesday, November 6, 2024, followed by a conference call to discuss the results on the same day. Investors can access the earnings press release, conference call slides, and supplemental financial information at http://investors.ironmountain.com under 'Quarterly Earnings' prior to the call.
The conference call is scheduled for 8:30 A.M. Eastern Time. Investors are encouraged to pre-register for the call using the provided link. Pre-registered callers will receive a unique PIN for immediate access to the call. A telephonic replay will be available two hours after the call concludes and will be accessible for one week.