Iron Mountain Inc. - IRM STOCK NEWS

MSCI Inc. has announced the appointment of Robin Matlock, former CMO of VMware, as an independent director on its Board of Directors, effective immediately. Ms. Matlock will also join the Governance and Corporate Responsibility Committee, expanding the Board to 11 members. Her extensive experience in marketing strategy and technology is expected to enhance MSCI's commitment to client-centricity. The company aims to leverage her insights to guide its growth in providing critical decision support tools and services for the global investment community.

Iron Mountain (NYSE: IRM) reports record financial results for Q1 2022, with total revenue reaching $1.25 billion, a 15% increase year-over-year. Net income stands at $42 million, down 11% from last year. Adjusted EBITDA rose to $431 million, reflecting a 13% growth. The company has seen a strong demand in its Data Center segment, signing 35 megawatts of new leases, leading to an increased full-year projection of 130 megawatts. Iron Mountain affirms its 2022 guidance for total revenue between $5.125 billion and $5.275 billion.

Iron Mountain (NYSE: IRM) has achieved BREEAM design certification for its Phoenix data center, marking it as the first in North America to receive this certification for sustainable construction. The facility, known as AZP-2, emphasizes efficiency and resilience through innovative design practices. Iron Mountain is committed to 100% renewable energy use by 2040 and plans to have all new multi-tenant data centers certified by 2025. This initiative reflects the company's leadership in ESG goals within the data center sector.

Iron Mountain (NYSE: IRM) will report its Q1 2022 financial results on April 28, 2022, before market hours. A conference call to discuss these results will also take place on the same day at 8:30 A.M. ET. Investors can pre-register for the call or access the earnings release and related materials on the company's investor relations website. Following the call, a telephonic replay will be available for one week. Iron Mountain, a leader in storage and information management services, supports over 225,000 customers worldwide.

Iron Mountain (NYSE: IRM) announced an amendment to its credit agreement on March 18, 2022, boosting its revolving credit facility from $1,750 million to $2,250 million and term loan A from $203 million to $250 million. The maturity date has been extended to March 2027. CFO Barry Hytinen emphasized how the favorable terms reflect lender confidence in Iron Mountain's growth strategy and financial flexibility aimed at customer service and innovation.

Clutter and MakeSpace are merging to form a national moving and storage company under the Clutter brand. This consolidation enables them to serve over 6,500 towns in the U.S., reaching 60% of Americans. Clutter, which has raised $200M from investors like SoftBank, will benefit from MakeSpace's operational expertise and broader geographical access. Iron Mountain, a current investor in MakeSpace, will maintain a strategic partnership, enhancing Clutter's capabilities, and potentially positioning it for an IPO.

Iron Mountain (IRM) reports impressive financial results for Q4 and full year 2021, achieving record revenues and profitability amidst ongoing pandemic challenges. Q4 total revenue reached $1.16 billion, a 9% increase YoY, while full-year revenue rose to $4.49 billion, up 8%. Net income for the full year surged 32% to $453 million, with an Adjusted EBITDA of $1.64 billion, indicating strong operational performance. The company announced 2022 guidance, projecting a 14-17% increase in total revenue and 10-13% rise in Adjusted EBITDA, reflecting confidence in continued growth.

Iron Mountain has joined the Climate Group’s EV100 initiative to electrify its global fleet in line with its Net Zero Carbon emissions goal by 2040. The company plans to transition 100% of its company cars and 50% of its vans to electric vehicles (EV) by 2030, starting with 10% by 2025. Iron Mountain has already reduced its greenhouse gas emissions by 60% since 2016 and aims to add 25 new EV vans across the UK, Germany, the Netherlands, and North America.

Iron Mountain Incorporated (NYSE: IRM) will report its Q4 2021 and full year 2021 financial results on February 24, 2022, before market opening. A conference call will follow at 8:30 A.M. ET on the same day. Investors can pre-register for the call to receive a unique PIN for immediate access. Earnings release and additional financial documents will be available on their investor relations website. Iron Mountain, a leader in information management services, helps businesses manage data securely and efficiently.