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Iron Mountain Incorporated (NYSE: IRM) is a global leader in storage and information management services. With a trust base of over 220,000 organizations worldwide, Iron Mountain manages an expansive real estate network that spans more than 80 million square feet across over 1,350 facilities in 45 countries. The company's mission is to safeguard and preserve what matters most to its customers.
Founded in 1951, Iron Mountain has grown to protect billions of information assets, including crucial business documents, electronic data, medical records, and even cultural and historical artifacts. The company’s extensive solutions portfolio includes records management, data management, document management, data centers, art storage and logistics, and secure shredding. These services help organizations reduce storage costs, comply with regulations, recover from disasters, and better utilize their information.
Iron Mountain is structured as a Real Estate Investment Trust (REIT), and a significant portion of its revenue stems from its storage solutions. Additional revenue is generated through value-added services, primarily targeting enterprise clients in developed markets. The company's business is categorized into three main segments: Global RIM Business, Global Data Center Business, and Corporate and Other Business.
Recent achievements and ongoing projects highlight Iron Mountain's commitment to innovation and customer service. The company continues to expand its data center operations, aiming to cater to the growing need for secure and efficient data storage solutions. Partnerships with leading tech firms and continuous upgrades to their infrastructure underscore Iron Mountain's pivotal role in the digital transformation era.
With its consistent focus on security, compliance, and customer satisfaction, Iron Mountain remains a vital entity in the information management industry. For the latest updates and more detailed information about Iron Mountain, visit their official website at www.ironmountain.com.
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.
Iron Mountain (NYSE: IRM), a global leader in information management services, has announced its participation in a fireside chat at the 2024 RBC Capital Markets Global Communications Infrastructure Conference in Chicago, IL. The event is scheduled for Tuesday, September 24, 2024, at 10:40 am CT (11:40 am ET).
Presenters will include William L. Meaney, President and CEO, and Barry A. Hytinen, Executive VP and CFO. The presentation will be webcast and accessible on the Investor Relations section of Iron Mountain's website.
Founded in 1951, Iron Mountain serves over 240,000 customers worldwide, offering services such as digital transformation, data centers, secure records storage, information management, asset lifecycle management, secure destruction, and art storage and logistics. The company aims to help businesses unlock value from their stored digital and physical assets while meeting environmental goals.
Iron Mountain (NYSE: IRM), a global leader in information management services, has announced its participation in the Goldman Sachs Communacopia and Technology Conference in San Francisco. The company's Executive VP and CFO, Barry A. Hytinen, will engage in a fireside chat on September 10, 2024, at 8:50 am PT. The presentation will be webcast and accessible via the Investor Relations section of Iron Mountain's website.
Founded in 1951, Iron Mountain serves over 240,000 customers worldwide, offering services including digital transformation, data centers, secure records storage, and asset lifecycle management. The company aims to help businesses unlock value from their stored digital and physical assets while meeting environmental goals.
MongoDB announced that Iron Mountain is using MongoDB Atlas for their new Iron Mountain InSight® Digital Experience Platform (DXP). This platform enables customers to manage, govern, and monetize physical and digital information through AI-powered self-service tools. InSight DXP transforms unstructured information into structured, actionable data, offering pre-built, customizable solutions for various industries.
Leveraging MongoDB's flexible document model and scalable architecture, InSight DXP can handle diverse data types across industries. MongoDB Atlas supports multi-region clusters in 118+ global regions, ensuring high availability and regulatory compliance. The platform integrates with key business processes via pre-built connectors or APIs, enabling quick design and publishing of solutions with comprehensive content management and workflow automation capabilities.
Iron Mountain (NYSE: IRM) has launched the Iron Mountain InSight® Digital Experience Platform (DXP), a secure SaaS platform designed to transform information management. The platform enables customers to access, manage, govern, and monetize physical and digital information using AI-powered tools. Key features include:
- Intelligent document processing for extracting and structuring data
- Secure generative AI-powered chat for quick data queries
- Low-code solution designer for custom workflow automation
- Unified asset management for both digital and physical assets
The platform aims to enhance B2E experiences, improve productivity, and prepare businesses for AI initiatives. InSight DXP offers pre-built, customizable solutions for various industries, including banking, healthcare, and cross-industry applications like Digital Human Resources and Invoice Processing.
Iron Mountain (NYSE: IRM) has increased its quarterly dividend by 10% to $0.715 per share for the third quarter, payable on October 3, 2024, to shareholders of record on September 16, 2024. CEO William L. Meaney attributes this increase to the company's strong revenue performance and top-tier growth in Adjusted Funds from Operations (AFFO). This aligns with Iron Mountain's long-term plan to increase dividends alongside AFFO per share growth.
Iron Mountain, founded in 1951, is a global leader in information management services, serving over 240,000 customers worldwide. The company offers various services, including digital transformation, data centers, secure records storage, and asset lifecycle management, helping businesses unlock value from their stored digital and physical assets while meeting environmental goals.
Iron Mountain (NYSE: IRM) reported strong Q2 2024 results, achieving record quarterly Revenue of $1.5 billion (up 13% YoY) and Adjusted EBITDA of $544.4 million (up 14.4% YoY). The company's Net Income rose to $35 million, compared to $1 million in Q2 2023. Notably, Iron Mountain's Data Center business leased 66 megawatts in Q2, prompting an increase in the full-year projection to 130 megawatts. The company now expects to be towards the upper end of its full-year 2024 guidance range. Additionally, Iron Mountain increased its quarterly dividend by 10% to $0.715 per share, reflecting strong AFFO growth and alignment with long-term plans.
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