Iron Mountain Q4 record revenue $1.42B (+11% YoY); FY24 guidance 10-12% growth

IRON MOUNTAIN INC

2023-FY EPS reported $0.63 revenue$5,480,289,000

Q4 revenue $1.42B (+11% YoY); FY23 revenue $5.48B (+7%); record quarterly and annual Adjusted EBITDA.
Q4 net income $29M vs $126M YoY, reflecting higher restructuring costs and FX impacts.
Adjusted EBITDA $525M (+11% YoY); AFFO (updated) $328M (+10%) with AFFO/share $1.11.
FY24 guidance: revenue $6.0-6.15B (+11% at midpoint), AFFO $1.30-1.335B, AFFO/share $4.39-4.51.
Data center leased 124 MW in 2023; acquisition of Regency Technologies closed in early January 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

IRON MOUNTAIN INC reported the quarter and year ended December 31, 2023 results: revenue $1,420 $1,279, net income $29 $126, EPS $0.10 $0.42. Guidance initiated.

Period: the quarter and year ended December 31, 2023
Revenue: $1,420 $1,279
Net income: $29 $126
EPS: $0.10 $0.42
Guidance: initiated
Result: reported results

Exact text from the filing

Fx 12/31/23 12/31/22 Reported $ Constant Fx Storage Rental Revenue $871 $769 13% 12% $3,371 $3,034 11% 11% Service Revenue $549 $510 8% 7% $2,109 $2,070 2% 2% Total Revenue $1,420 $1,279 11% 10% $5,480 $5,104 7% 8% Net Income $29 $126 (77)% $187 $562 (67)% Reported EPS $0.10 $0.42 (76)% $0.63 $1.90 (67)% Adjusted EPS $0.52 $0.43 21% $1.82 $1.79 2% Adjusted

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Source: SEC EDGAR

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