STOCK TITAN

Iron Mountain Inc. - IRM STOCK NEWS

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 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.

Rhea-AI Summary
Iron Mountain Incorporated (IRM) reports strong financial results for the fourth quarter and full year 2023, achieving record revenue and Adjusted EBITDA. The company's net income was $29 million, with total revenue reaching $5.48 billion for the year. Iron Mountain issues a robust 2024 guidance with revenue growth of 10-12%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.21%
Tags
-
Rhea-AI Summary
Iron Mountain Incorporated (NYSE: IRM) will report its Q4 and full year 2023 financial results on February 22, 2024. The company will host a conference call to discuss results on the same day. Investors can access the earnings press release, conference call slides, and supplemental financial information on the company's investor website. Pre-registration for the conference call is encouraged to gain immediate access to the call and bypass the live operator.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.61%
Tags
-
Rhea-AI Summary
Iron Mountain Incorporated (NYSE: IRM) announced the tax treatment for all 2023 distributions on its common stock. The company distributed a total of $2.385146 per share, with $2.360977 being ordinary taxable dividend and $0.024169 as total capital gain distribution. The distributions were paid on January 5, April 5, July 6, and October 5, 2023. Shareholders are advised to refer to the press release for proper completion of their federal tax returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
Tags
none
Rhea-AI Summary
Iron Mountain (IRM) completes acquisition of Regency Technologies, a leading provider of IT asset disposition services, establishing a market leader in IT asset lifecycle management. The acquisition will result in enhanced environmental sustainability and increased value recovery at the end of the IT asset lifecycle. The initial purchase price is $200 million, with $125 million paid at close and the remainder due in 2025, representing an approximate 7.5x multiple of EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.06%
Tags
-
Rhea-AI Summary
Iron Mountain Incorporated (NYSE: IRM) will participate in a fireside chat at J.P. Morgan Ultimate Services Investor Conference on November 16, 2023. The presenter will be Barry A. Hytinen, Executive Vice President and Chief Financial Officer. The webcast of the presentation will be accessible on the Investor Relations section of www.ironmountain.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.79%
Tags
conferences
-
Rhea-AI Summary
Iron Mountain (NYSE: IRM) is acquiring Regency Technologies, a leading provider of IT asset disposition services in the United States. The acquisition will expand Iron Mountain's global asset lifecycle management platform and enhance its IT Asset Remarketing and Recycling capabilities. Regency Technologies currently processes over 50,000 metric tons of material annually and resells more than 2,000,000 units across eight locations in the US. The transaction is valued at $200 million, with an initial payment of $125 million at close and the remainder due in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
Rhea-AI Summary
Iron Mountain Incorporated (NYSE: IRM) announces financial results for Q3 2023, reporting a net income of $91 million, record quarterly revenue, and adjusted EBITDA. The company also leased 65 megawatts in Q3 for a total of 120 megawatts year-to-date. Additionally, Iron Mountain signed an agreement to acquire Regency Technologies to expand its Asset Lifecycle Management business.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
-
Rhea-AI Summary
Iron Mountain Incorporated to report Q3 2023 financial results on November 2, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
-
Rhea-AI Summary
Arvind Subramanian joins Iron Mountain as Executive Vice President and Managing Director, India
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.74%
Tags
management
Rhea-AI Summary
Iron Mountain (NYSE: IRM) to participate in fireside chat at RBC Capital Markets Global Communications Infrastructure Conference on September 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
conferences

FAQ

What is the current stock price of Iron Mountain (IRM)?

The current stock price of Iron Mountain (IRM) is $105.1 as of December 20, 2024.

What is the market cap of Iron Mountain (IRM)?

The market cap of Iron Mountain (IRM) is approximately 31.2B.

What is Iron Mountain Incorporated?

Iron Mountain Incorporated (NYSE: IRM) is a global leader in storage and information management services.

How many countries does Iron Mountain operate in?

Iron Mountain operates in 45 countries around the world.

What services does Iron Mountain provide?

Iron Mountain offers records management, data management, document management, data centers, art storage and logistics, and secure shredding services.

Who are Iron Mountain's primary clients?

Iron Mountain primarily caters to enterprise clients in developed markets.

When was Iron Mountain founded?

Iron Mountain was founded in 1951.

How is Iron Mountain structured?

Iron Mountain is structured as a Real Estate Investment Trust (REIT).

What are the main business segments of Iron Mountain?

Iron Mountain's main business segments are Global RIM Business, Global Data Center Business, and Corporate and Other Business.

Where can I find more information about Iron Mountain?

More information about Iron Mountain can be found on their official website at www.ironmountain.com.

What recent achievements has Iron Mountain made?

Iron Mountain continues to expand its data center operations and forge partnerships with leading tech firms.

What is the significance of Iron Mountain's services?

Iron Mountain's services help organizations reduce storage costs, comply with regulations, recover from disasters, and better use their information.

Iron Mountain Inc.

NYSE:IRM

IRM Rankings

IRM Stock Data

31.18B
291.29M
0.79%
84.15%
2.84%
REIT - Specialty
Real Estate Investment Trusts
Link
United States of America
PORTSMOUTH