Iron Mountain Q1 revenue $1.314B (+5% YoY); net income $66M; affirmed FY23 guidance

IRON MOUNTAIN INC

2023-Q1 EPS reported $0.22 revenue$1,314,349,000

Storage rental revenue $810M (+10% constant currency); service revenue $504M (+4% constant currency).
Adjusted EBITDA $461M (+9% constant currency), margin 35.1% (+60 bps YoY).
AFFO $284M ($0.97/share); Q2 dividend $0.6185/share payable July 6, 2023.
Data center signed 52 MW of new and expansion leases in Q1.
Affirmed FY23 guidance: revenue $5.5B-$5.6B; AFFO $1,150M-$1,175M (~5% YoY growth).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IRON MOUNTAIN INC reported the first quarter of 2023 results: revenue $1.3 billion, net income $65.5 million, EPS $0.22.

Period: the first quarter of 2023
Revenue: $1.3 billion
Net income: $65.5 million
EPS: $0.22
Result: reported results

Exact text from the filing

Adjusted EBITDA $461 $431 7% 9% Adjusted EBITDA Margin 35.1% 34.5% 60 bps AFFO $284 $264 8% AFFO per share $0.97 $0.91 7% 1 • Total reported revenues for the first quarter were $1.3 billion, compared with $1.2 billion in the first quarter of 2022, an increase of 5.3%. Excluding the impact of foreign currency exchange (Fx), total reported revenues increased 7.5%

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

IRON MOUNTAIN INC reported full year 2023 results: revenue $5,500 - $5,600. Guidance reaffirmed.

Period: full year 2023
Revenue: $5,500 - $5,600
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Iron Mountain affirmed full year 2023 guidance; details are summarized in the table below. 2023 Guidance(1) ($ in millions, except per share data) 2023 Guidance Y/Y % Change at Midpoint Total Revenue $5,500 - $5,600 ~9% Adjusted EBITDA $1,940 - $1,975 ~7% AFFO $1,150 - $1,175 ~5% AFFO Per Share $3.91 - $4.00 ~4%

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Source: SEC EDGAR

accession 0001020569-23-000105

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