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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 (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.
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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.
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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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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