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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.

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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.
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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.
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Iron Mountain Incorporated to report Q3 2023 financial results on November 2, 2023
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Arvind Subramanian joins Iron Mountain as Executive Vice President and Managing Director, India
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Iron Mountain (NYSE: IRM) to participate in fireside chat at RBC Capital Markets Global Communications Infrastructure Conference on September 27, 2023.
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Iron Mountain Incorporated (NYSE: IRM) has declared a quarterly cash dividend of $0.65 per share for the third quarter. The dividend is payable on October 5, 2023, to shareholders of record on September 15, 2023. This represents a 5% increase from the previous dividend. William L. Meaney, President and CEO, stated that the increase is in line with their long-term strategy and commitment to disciplined capital allocation.
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Iron Mountain Incorporated (NYSE: IRM) achieves record quarterly revenue and adjusted EBITDA, with a 5% increase in quarterly dividend per share. The second quarter of 2023 saw a 5.3% increase in total reported revenues, driven by a 10.9% increase in storage rental revenue. Net income for the quarter was $1.1 million, and adjusted EBITDA was $475.7 million. The company also affirmed full year 2023 guidance, with expected total revenue of $5.5-5.6 billion and adjusted EBITDA of $1.94-1.975 billion.
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Iron Mountain Incorporated (NYSE: IRM) will report its second quarter 2023 financial results on August 3, 2023. The earnings press release, conference call slides, and supplemental financial information will be available on the company's investor website. The conference call will be held at 8:30 A.M. (Eastern Time) and a replay will be available for one week.
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Iron Mountain Incorporated (NYSE: IRM) announces Theodore R. Samuels joining the Board of Directors, effective July 17, 2023. Samuels brings over 35 years of financial industry expertise, having served at Capital Group and as President of Capital Guardian Trust Company. His appointment is expected to provide a unique and valuable perspective for Iron Mountain's growth trajectory.
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FAQ

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

The current stock price of Iron Mountain (IRM) is $114.88 as of November 15, 2024.

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

The market cap of Iron Mountain (IRM) is approximately 33.5B.

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

33.53B
293.46M
0.82%
85.98%
3.05%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
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