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) has announced it will release its first quarter 2025 financial results before market hours on Thursday, May 1, 2025. The company will host a conference call to discuss the results at 8:30 A.M. Eastern Time on the same day.
The earnings release, conference call slides, and supplemental financial information will be available on the company'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 appointed Gary Aitkenhead as Executive Vice President and General Manager, Data Centers. In his new role, Aitkenhead will lead commercial and operational activities for the Data Centers business globally, reporting to Mark Kidd, EVP and GM of Asset Lifecycle Management & Data Centers.
Aitkenhead joins Iron Mountain's Executive Team, bringing extensive experience from leadership positions at Equinix, the UK Ministry of Defence's Science & Technology Laboratory, and Motorola Solutions. He is a Chartered Engineer and Fellow of both the Royal Academy of Engineering and Institute of Engineering and Technology.
The appointment comes at what the company describes as a pivotal time in the data center industry, with rising demand for capacity. Iron Mountain's CEO William L. Meaney emphasized Aitkenhead's global commercial and operational experience as instrumental for providing secure and innovative solutions for customers.
Iron Mountain (NYSE: IRM), a global information management services leader, has announced its participation in the Morgan Stanley Technology, Media & Telecom Conference in San Francisco. The company's Executive Vice President and CFO, Barry A. Hytinen, will engage in a fireside chat on Monday, March 3, 2025, at 2:35 pm PT (5:35 pm ET).
The presentation will be accessible via webcast through Iron Mountain's Investor Relations website section. The company currently serves over 240,000 customers across 61 countries, including approximately 95% of Fortune 1000 companies. Their comprehensive solution portfolio encompasses information management, digital transformation, information security, data center, and asset lifecycle management services, with a focus on safety, security, sustainability, and innovation.
Iron Mountain (NYSE: IRM) has announced a 10% increase in its quarterly cash dividend to $0.785 per share of common stock. The dividend will be payable on April 4, 2025, to shareholders of record as of March 17, 2025.
CEO William L. Meaney attributed this increase to the company's strong performance in 2024 and positive growth outlook. This marks the third consecutive year of dividend increases, aligning with their long-term plan to increase dividends alongside growth in AFFO per share.
Iron Mountain serves over 240,000 customers across 61 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) reported strong Q4 and full year 2024 results with record-breaking performance. Q4 revenue reached $1.6 billion, up 11.4% year-over-year, while full-year revenue hit $6.1 billion, increasing 12.2%. The company achieved Q4 net income of $106 million and full-year net income of $184 million.
Record quarterly and full-year Adjusted EBITDA were $605 million and $2.2 billion respectively. Storage rental revenue grew 8.8% and service revenue increased 17.2% in Q4, excluding foreign exchange impacts.
Looking ahead to 2025, Iron Mountain provided guidance projecting revenue growth of 8-11% and Adjusted EBITDA growth of 11-13%. The company also announced a 10% increase in quarterly dividend to $0.785 per share, payable on April 4, 2025.
Ooredoo Group and Iron Mountain have announced a strategic partnership where Iron Mountain will acquire a minority equity stake in Ooredoo's carrier-neutral data centre company, MENA Digital Hub. The collaboration aims to expand MENA's hyperscale and AI data centre infrastructure, combining Ooredoo's local expertise with Iron Mountain's global operational experience.
Iron Mountain will provide specialized advice in design, construction, and operations of data centres. The partnership focuses on operational support, infrastructure enhancement, and supporting MENA Digital Hub's expansion plans across key MENA markets. MENA Digital Hub plans to expand its capacity to over 120 megawatts through a USD 1 billion investment in the medium term.
Iron Mountain currently operates approximately 415 megawatts of colocation, hyperscale, and AI-related capacity across 21 markets, with potential capacity of nearly 1.3 gigawatts. Ooredoo recently raised QAR 2 billion in bank financing to accelerate its data centre and AI business growth.
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.
