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) will announce its first quarter 2021 financial results on May 6, 2021, prior to market opening. A conference call is scheduled for the same day at 8:30 A.M. ET to discuss the results. Investors can access the earnings release and related materials at approximately 6:00 A.M. ET on the company’s investor website. Pre-registration is encouraged for those wishing to join the call. Iron Mountain, founded in 1951, is a leader in storage and information management services, managing nearly 93 million square feet across 1,450 facilities in 56 countries.
Iron Mountain (NYSE: IRM) has partnered with RPD Energy and Direct Energy to enhance renewable energy purchasing solutions. This collaboration aims to track the hourly renewable energy load of Iron Mountain's data centers across Pennsylvania and New Jersey, sourcing 100% renewable energy. The initiative represents a shift from traditional models that match renewable power on a monthly or annual basis, positioning Iron Mountain at the forefront of innovative energy solutions.
Iron Mountain, a leader in storage and information management services, announced CEO William Meaney will present at Citi’s 2021 Virtual Global Property CEO Conference on March 8, 2021, at 9:45 am ET. A live webcast will be available on Iron Mountain's Investor Relations website, with a replay accessible until March 8, 2022. The company, founded in 1951, serves over 225,000 organizations globally, managing nearly 93 million square feet across 1,450 facilities in 56 countries. It provides critical solutions like secure records storage, digital transformation, and data centers.
Iron Mountain announced a joint venture with Web Werks, a leading India-based colocation data center provider, investing $150 million over two years. This venture aims to capitalize on India's growing data center market, which is expected to expand its capacity from 375 MW in mid-2020 to 1,078 MW by 2025. The collaboration will enhance Web Werks' data center operations in Mumbai, Pune, and Delhi NCR, enabling further expansion into Bangalore, Hyderabad, and Chennai. Closing of the first phase is projected within 90 days, pending customary conditions.
Iron Mountain (IRM) reported its fourth quarter and full year 2020 results, showcasing resilience amid COVID-19. Total storage rental revenue increased by nearly 4% (constant currency) and 2.4% organically. Adjusted EBITDA rose by 1.3%, with margins improving by 110 basis points, despite a $115 million drop in total revenue due to declining service activity. Looking ahead, the company remains optimistic about growth opportunities, focusing on innovation and new product development to enhance customer solutions.
Iron Mountain (NYSE: IRM) will release its Q4 and full year 2020 financial results on February 24, 2021, before market hours. The company will conduct a conference call at 8:30 AM ET to discuss these results. Earnings details, including the press release and conference call slides, can be accessed at investors.ironmountain.com starting at 6:00 AM ET. Investors are encouraged to pre-register for the call through the provided link.
Iron Mountain (NYSE: IRM) announced the tax treatment for its 2020 distributions on common stock. The total distribution was $2.474 per share, divided into various categories including an Ordinary Taxable Dividend of $1.064356 and a Total Capital Gain Distribution of $1.225244. Shareholders should refer to IRS Form 1099-DIV for accurate reporting on tax returns. The press release highlights the different components of the distributions, emphasizing the importance of this information for tax filings.
Iron Mountain (NYSE: IRM) announces the deployment of a new switch by DE-CIX at its NJE-1 data center in Edison, NJ, enhancing local network connectivity. This switch will provide customers access to DE-CIX’s IX platform, enabling low-latency connections to local and global networks. The NJE-1 facility is a 26MW, Uptime Tier III-certified data center, equipped with the largest rooftop solar installation of any data center in North America, generating 7.2MW of renewable power. This collaboration aims to improve networking options for enterprise and financial sector customers.
Iron Mountain (NYSE: IRM) has appointed Edward E. Greene as the new Executive Vice President and Chief Human Resources Officer (CHRO). Reporting to the CEO, Greene will spearhead the company's global HR strategy. His extensive background includes leadership roles at FactSet Research Systems and Voya Financial, focusing on talent strategy and organizational change. Greene is recognized for his commitment to diversity and corporate social responsibility. Iron Mountain, established in 1951, is a leader in storage and information management, serving over 225,000 organizations globally.
Iron Mountain (NYSE: IRM) announced a six megawatt data center pre-lease expansion in Phoenix, Arizona, with a Fortune 100 customer, building on a prior agreement from September 2020. The AZP-2 data center, part of a larger 40-acre campus, will support the customer's growing IT capacity needs and is set to start operations in Q3 2021. The facility emphasizes sustainability, powered by 100% renewable energy, and offers multiple operational advantages, including a robust compliance framework and operational excellence. The company's data center platform can support over 375 megawatts at full build-out.
