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Iron Mountain - 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.

Overview of Iron Mountain Incorporated

Iron Mountain Incorporated (IRM) is a global organization specializing in secure storage and information management services. Recognized for its robust records management capabilities and innovative data solutions, the company serves a diverse array of enterprise and institutional clients worldwide. With a comprehensive portfolio of services, Iron Mountain combines traditional records management with modern digital solutions, data center operations, and specialized storage services to meet the complex needs of organizations seeking to protect their critical information assets.

Core Business and Value Proposition

At its core, Iron Mountain is dedicated to safeguarding important records and information. The company not only provides physical storage solutions but also offers tailored services for digital data management, secure document shredding, and even specialized storage for unique assets such as art and historical artifacts. By integrating a variety of service lines, Iron Mountain provides an end-to-end solution that helps organizations reduce storage costs, maintain regulatory compliance, and ensure business continuity. Its transparent operational model, built around a real estate network that spans numerous countries, illustrates its capacity to protect what matters most to its clients.

Business Segments and Operational Excellence

The company's operations are segmented into distinct yet interconnected business units:

  • Global Records and Information Management (RIM) Business: This segment forms the cornerstone of Iron Mountain's revenue generation. It focuses on the secure handling, storage, and retrieval of physical records and documents, ensuring that sensitive business information is meticulously protected.
  • Global Data Center Business: Recognizing the shift towards digital data storage, this unit offers state-of-the-art data center solutions designed to support enterprise-class requirements for reliability, security, and scalability.
  • Corporate and Other Services: This segment includes value-added services such as specialized logistics, secure shredding, and art storage that extend the company’s capabilities beyond traditional storage, addressing niche market needs with customized solutions.

Industry Position and Competitive Landscape

Operating in a highly competitive market, Iron Mountain distinguishes itself through its long history of expertise, extensive global reach, and a comprehensive service offering that extends beyond traditional storage. Its establishment as a Real Estate Investment Trust (REIT) further solidifies its commitment to ensuring that physical infrastructure is optimally managed and leveraged to create operational efficiencies. While the market includes various players in the storage and information management sector, Iron Mountain's integration of physical storage with digital data management and regulatory compliant processes positions it as a trusted partner for institutions facing increasing challenges in data protection and information governance.

Commitment to Expertise and Trustworthiness

The company’s long-standing presence in the industry is backed by decades of experience and a commitment to constant innovation in secure storage and information management. Iron Mountain prioritizes clear operational protocols, stringent security measures, and an unwavering dedication to service continuity, ensuring that client information remains secure amidst evolving regulatory demands and technological advancements. Its service model is structured to provide transparency, reliability, and accountability, essential attributes that reinforce its reputation as an expert in managing critical information assets.

Customer Focus and Market Relevance

Iron Mountain's services cater primarily to large enterprises and governmental organizations in developed markets, industries where compliance, data security, and the integrity of records are paramount. The company’s customer-centric approach involves tailoring services to meet the specific needs of each client, whether addressing the challenges of physical document storage or the complexities of digital data management. By continuously refining its processes and infrastructure, Iron Mountain maintains its relevance and robustness in a dynamic market environment.

Conclusion

In summary, Iron Mountain Incorporated offers an extensive range of world-class services designed to protect and preserve critical information assets. Its business model, characterized by a blend of secure physical storage, innovative data management, and specialized value-added services, reflects its deep industry expertise and commitment to operational excellence. By focusing on comprehensive records management and leveraging its global real estate network, Iron Mountain continues to provide indispensable services for organizations aiming to navigate the evolving landscape of information governance and security.

Rhea-AI Summary

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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Iron Mountain (NYSE: IRM) has elected Andre Maciel to its Board of Directors, effective July 22, 2024. Maciel, currently the Global Chief Financial Officer for The Kraft Heinz Company, brings extensive experience in finance, auditing, and digital transformation. His international background, having lived in 13 countries, adds a global perspective to the board.

Maciel's career includes key roles at H.J. Heinz, AB InBev, McKinsey & Company, and Accenture. Iron Mountain's leadership expressed confidence that Maciel's financial and operational expertise will benefit the company and support its growth trajectory. His appointment is seen as strengthening the board with valuable digital transformation experience and international insights.

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Iron Mountain (NYSE: IRM) will announce its Q2 2024 financial results before market hours on August 1, 2024. The company will host a conference call the same day at 8:30 AM ET to discuss the results. Earnings press release, slides, and supplemental financial information will be available on the Iron Mountain investor relations website. Investors can pre-register for the webcast and conference call, which allows them to bypass the live operator. The telephonic replay of the call will be available two hours after the call for one week.

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Iron Mountain (NYSE: IRM), a global leader in information management, announced its participation in the Stifel 2024 Cross Sector Insight Conference in Boston, MA. The event is scheduled for June 4, 2024, at 10:55 am ET. Barry A. Hytinen, the Executive Vice President and Chief Financial Officer, will present at the fireside chat. The presentation will be webcast and can be accessed via the Investor Relations section on 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, and more. The company is committed to helping businesses unlock value from their data while meeting environmental goals.

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Iron Mountain Incorporated (NYSE: IRM) reported a strong start to 2024 with record revenue and first-quarter adjusted EBITDA. The company's total revenue reached $1.5 billion, up 12.4% from the previous year, driven by strong performance in storage rental and service revenue. Net income was $77 million, an 18% increase year over year. Iron Mountain affirmed its full-year 2024 guidance, expecting total revenue of $6-6.15 billion, adjusted EBITDA of $2.175-2.225 billion, and AFFO per share of $4.39-$4.51.

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Iron Mountain Incorporated (NYSE: IRM) will release its first quarter 2024 financial results on May 2, 2024. The company will host a conference call to discuss the results on the same day. Investors can access the earnings press release, conference call slides, and financial information on the company's website. Those interested in joining the conference call are encouraged to pre-register for immediate access.
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Iron Mountain Incorporated (NYSE: IRM) to participate in fireside chat at Morgan Stanley Conference on March 5, 2024, presented by Barry A. Hytinen, Executive Vice President and CFO.
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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%.
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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.
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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.
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FAQ

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

The current stock price of Iron Mountain (IRM) is $77.53 as of April 7, 2025.

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

The market cap of Iron Mountain (IRM) is approximately 23.7B.

What is the primary focus of Iron Mountain Incorporated?

Iron Mountain specializes in secure storage and comprehensive information management services, including records management, data center operations, and specialized storage solutions.

How is Iron Mountain structured as a business?

The company is organized as a REIT with multiple business segments such as Global Records and Information Management, Global Data Center Business, and Corporate and Other Services.

What types of services does Iron Mountain offer?

Iron Mountain offers a range of services including secure storage for physical records, digital data management, secure shredding, specialized art and artifact storage, and logistics support.

Who are the typical customers of Iron Mountain?

The company primarily serves large enterprises, government bodies, and institutions in developed markets that require secure and compliant storage and information management solutions.

How does Iron Mountain differentiate itself from competitors?

Iron Mountain differentiates itself through its extensive global footprint, integrated service offerings, and long-standing expertise in both physical and digital information management.

What drives revenue generation at Iron Mountain?

Revenue is generated mainly through its Global Records and Information Management segment, supported by additional income from data center services and value-added offerings such as secure shredding and logistics.

How does Iron Mountain ensure the security of its information assets?

The company employs rigorous security protocols, advanced data management systems, and industry best practices to ensure that all records and data are stored securely and remain accessible only to authorized users.
Iron Mountain

NYSE:IRM

IRM Rankings

IRM Stock Data

23.75B
291.39M
0.93%
81.57%
3.07%
REIT - Specialty
Real Estate Investment Trusts
Link
United States
PORTSMOUTH