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 Incorporated (NYSE: IRM) is set to present at the Wells Fargo 2022 TMT Summit in Las Vegas on November 29, 2022, at 10:40 am PT (1:40 pm ET). Barry Hytinen, Executive Vice President & CFO, will represent the company. Interested individuals can access the webcast through the Investor Relations section on www.ironmountain.com. Iron Mountain is renowned for its innovative storage and information management services, facilitating business transformations for over 225,000 customers globally.
Iron Mountain (NYSE: IRM) has acquired a 10-acre land parcel and a 50+ MVA substation in Phoenix, Arizona, to expand its data center footprint. The new facility, AZP3, will feature a 36 megawatt capacity and 230,000 square feet, complementing the existing AZP1 and AZP2 centers. This expansion is part of Iron Mountain's strategy to meet growing customer demand in low latency metro markets. The Phoenix market is recognized for its robust infrastructure, low disaster risk, and cost efficiency, making it a prime location for data center investments.
Iron Mountain (NYSE: IRM) has announced the acquisition of XData Properties in Madrid, Spain, significantly enhancing its data center footprint. This facility will eventually support up to 79 megawatts of energy, aligning with the increasing demand for data center services in Europe. The initial 3 megawatt data center is operational, with plans for a 20 megawatt extension by 2024. The acquisition strategically positions Iron Mountain within a growing market, emphasizing renewable energy and customer connectivity.
Iron Mountain Incorporated (NYSE: IRM) has announced that President & CEO William Meaney and Executive Vice President & CFO Barry Hytinen will present at the J.P. Morgan Ultimate Services Investor Conference in New York City on November 17th at 9:10 am ET. Investors can access the webcast via the Investor Relations section of www.ironmountain.com.
Iron Mountain, founded in 1951, is a global leader in storage and information management services, assisting over 225,000 customers worldwide.
Iron Mountain reported a strong performance for Q3 2022, achieving net income of $193 million and record Adjusted EBITDA of $469 million. The company's total revenue grew by 14% to $1.29 billion, with service revenue rising 28%. On a constant currency basis, revenue increased by 18%, primarily driven by a 32.8% jump in service revenue. Iron Mountain affirmed its 2022 guidance, expecting total revenue between $5.125 billion and $5.275 billion, reflecting a year-over-year growth of 14-17%. The quarterly cash dividend of $0.6185 is set for January 5, 2023.
Iron Mountain (NYSE: IRM) is set to release its third quarter 2022 financial results on November 3, 2022, before the market opens. A conference call will follow at 8:30 A.M. ET to discuss the results. Investors can access earnings materials and join the call via pre-registration. Iron Mountain, a leader in storage and data management, serves over 225,000 customers globally, helping transform businesses through innovative services.
Iron Mountain Incorporated (NYSE: IRM) is hosting an Investor Event on September 20, 2022, at 9:00 am Eastern Time, featuring management presentations from CEO William L. Meaney and other executives. The event will be webcast live, with presentation slides accessible on the company's investor relations website. Established in 1951, Iron Mountain is a leader in storage, data center infrastructure, and information management services, serving over 225,000 clients globally, and enabling businesses to unlock value from their assets.
Iron Mountain Incorporated (NYSE: IRM), a leader in storage and information management, is set to hold an Investor Event on September 20, 2022, beginning at 9:00 am ET. The event will include a live webcast, and registration is available on their Investor Relations webpage. Following the event, a replay will be accessible online. Founded in 1951, Iron Mountain serves over 225,000 customers worldwide, focusing on digital transformation and secure information management.
Iron Mountain announced record financial results for Q2 2022, with total revenue reaching $1.29 billion, a 15% increase from the prior year. Service revenue surged 34%, while storage rental revenue grew 5%. Net income fell to $202 million, a 27% decrease year-over-year, attributed to lower real estate sales gains. Adjusted EBITDA increased by 12% to $455 million, and AFFO rose 10% to $271 million. The company declared a quarterly dividend of $0.6185 and reaffirmed full-year guidance for 2022, projecting revenue of $5.125 - $5.275 billion and AFFO of $1.085 - $1.120 billion.
Iron Mountain (NYSE: IRM) has launched its Iron Mountain InSight on Amazon Web Services (AWS) as a Software as a Service (SaaS) platform, enhancing customer capabilities in digital transformation. This offering consolidates physical and digital information management, providing visibility and compliance. The platform employs AWS AI/ML tools to extract and manage data in over 50 languages, targeting organizations at various stages of their digital journey. The move strengthens Iron Mountain's relationship with AWS and reflects its commitment to cloud-first solutions.