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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.
Iron Mountain (NYSE: IRM) reported strong financial results for Q4 and full-year 2022, with revenue growth of 14% year-over-year, amounting to $1.3 billion in Q4 and $5.1 billion for the year. Adjusted EBITDA increased by 13% in Q4 and 15% for the full year, reaching $1.8 billion. Net income rose significantly to $126 million in Q4 and $562 million for the year. The company declared a quarterly dividend of $0.6185, payable on April 5, 2023. For 2023, Iron Mountain projects total revenue between $5.5 billion and $5.6 billion, with an expected Adjusted EBITDA of $1.94 billion to $1.975 billion, reflecting a year-over-year growth of approximately 7%.
Iron Mountain Incorporated (NYSE: IRM) is set to report its fourth quarter and full year 2022 financial results on February 23, 2023, before market hours. A conference call will follow at 8:30 A.M. (ET) for investors to discuss the results, with opportunities for pre-registration. Interested parties can access earnings materials and a webcast link on the company’s investor relations page. Iron Mountain is a leader in storage, data center infrastructure, and information management services, serving over 225,000 customers worldwide. The company aims to help clients manage and unlock the value of their data securely.
Iron Mountain (NYSE: IRM), a global leader in storage and data management, announced the tax treatment for 2022 distributions on its common stock. Shareholders will receive IRS Form 1099-DIV, detailing their distributions. A notable cash distribution was paid on January 5, 2023, totaling $0.6185 per share, with $0.120354 allocated as a 2022 distribution. This highlights the necessity for shareholders to consider tax implications for both 2022 and 2023. Iron Mountain emphasizes the importance of correctly reporting these distributions to comply with federal and state tax laws.
Iron Mountain (NYSE: IRM) has appointed Mithu Bhargava as Executive Vice President and General Manager for digital solutions, joining the Executive Leadership Team and reporting to CEO William Meaney. Bhargava brings extensive experience in technology and business services, having led teams at companies like Akamai and Dell-EMC. She will enhance Iron Mountain’s digital strategy, focusing on innovation and growth in their digital products and solutions. This strategic hire aims to position the company for continued market expansion and improved customer offerings.
Iron Mountain Incorporated (NYSE: IRM) is set to present at the Wells Fargo 2022 TMT Summit in Las Vegas on November 29, 2022, at 10:40 am PT (1:40 pm ET). Barry Hytinen, Executive Vice President & CFO, will represent the company. Interested individuals can access the webcast through the Investor Relations section on www.ironmountain.com. Iron Mountain is renowned for its innovative storage and information management services, facilitating business transformations for over 225,000 customers globally.
Iron Mountain (NYSE: IRM) has acquired a 10-acre land parcel and a 50+ MVA substation in Phoenix, Arizona, to expand its data center footprint. The new facility, AZP3, will feature a 36 megawatt capacity and 230,000 square feet, complementing the existing AZP1 and AZP2 centers. This expansion is part of Iron Mountain's strategy to meet growing customer demand in low latency metro markets. The Phoenix market is recognized for its robust infrastructure, low disaster risk, and cost efficiency, making it a prime location for data center investments.
Iron Mountain (NYSE: IRM) has announced the acquisition of XData Properties in Madrid, Spain, significantly enhancing its data center footprint. This facility will eventually support up to 79 megawatts of energy, aligning with the increasing demand for data center services in Europe. The initial 3 megawatt data center is operational, with plans for a 20 megawatt extension by 2024. The acquisition strategically positions Iron Mountain within a growing market, emphasizing renewable energy and customer connectivity.
Iron Mountain Incorporated (NYSE: IRM) has announced that President & CEO William Meaney and Executive Vice President & CFO Barry Hytinen will present at the J.P. Morgan Ultimate Services Investor Conference in New York City on November 17th at 9:10 am ET. Investors can access the webcast via the Investor Relations section of www.ironmountain.com.
Iron Mountain, founded in 1951, is a global leader in storage and information management services, assisting over 225,000 customers worldwide.
Iron Mountain reported a strong performance for Q3 2022, achieving net income of $193 million and record Adjusted EBITDA of $469 million. The company's total revenue grew by 14% to $1.29 billion, with service revenue rising 28%. On a constant currency basis, revenue increased by 18%, primarily driven by a 32.8% jump in service revenue. Iron Mountain affirmed its 2022 guidance, expecting total revenue between $5.125 billion and $5.275 billion, reflecting a year-over-year growth of 14-17%. The quarterly cash dividend of $0.6185 is set for January 5, 2023.
Iron Mountain (NYSE: IRM) is set to release its third quarter 2022 financial results on November 3, 2022, before the market opens. A conference call will follow at 8:30 A.M. ET to discuss the results. Investors can access earnings materials and join the call via pre-registration. Iron Mountain, a leader in storage and data management, serves over 225,000 customers globally, helping transform businesses through innovative services.
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