earnings
confidence high
sentiment positive
materiality 0.75
Iron Mountain Q2 2022: record revenue $1.29B, Adj. EBITDA $455M; net income down 27% on prior-year IP gain
IRON MOUNTAIN INC
2022-Q2 EPS reported
$0.83
revenue$2,537,580,000
- Total revenue $1.29B (+15% YoY; +18% constant currency); service revenue $536M (+34%) driven by ITRenew.
- Net income $202M vs $277M in Q2 2021; prior year included $181M IP business divestiture gain.
- Adjusted EBITDA $455M (+12%); AFFO $271M (+10%); AFFO per share $0.93 (+10%).
- Board declared Q3 dividend $0.6185/share, payable Oct 4, 2022 to holders of record Sep 15.
- Full-year 2022 guidance affirmed: revenue $5.125-$5.275B; Adj. EBITDA $1.80-$1.85B; AFFO $3.70-$3.82/share.