Iron Mountain Q3 revenue and Adj EBITDA hit records; net income falls 53%; acquires Regency Tech for $200M

IRON MOUNTAIN INC

2023-Q3 EPS reported $0.53 revenue$4,060,460,000

Q3 total revenue $1,389M (+8% YoY), Adj EBITDA $500M (+7%), both records.
Net income $91M (-53% YoY); reported EPS $0.31 vs $0.66.
Signed $200M acquisition of Regency Technologies (ALM) at ~7.5x EBITDA; $125M paid at close.
Data center leased 65 MW in Q3, 120 MW YTD; reaffirmed FY2023 guidance.
Quarterly dividend maintained at $0.65/share, payable Jan 4, 2024.

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 0.95

IRON MOUNTAIN INC reported the quarter ended September 30, 2023 results: revenue $1,389, net income $91, EPS $0.31. Guidance reaffirmed.

Period: the quarter ended September 30, 2023
Revenue: $1,389
Net income: $91
EPS: $0.31
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Constant Fx 9/30/23 9/30/22 Reported $ Constant Fx Storage Rental Revenue $859 $760 13% 12% $2,500 $2,265 10% 11% Service Revenue $530 $527 1% — $1,561 $1,560 — 1% Total Revenue $1,389 $1,287 8% 7% $4,061 $3,825 6% 7% Net Income $91 $193 (53)% $158 $436 (64)% Reported EPS $0.31 $0.66 (53)% $0.53 $1.49 (64)% Adjusted EPS $0.45 $0.48 (6)% $1.28 $1.34 (4)% Adjusted

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Source: SEC EDGAR

accession 0001020569-23-000212

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