Iron Mountain Q1 revenue record $1.48B; reaffirms FY2024 guidance

IRON MOUNTAIN INC

2024-Q1 EPS reported $0.25 revenue$1,476,863,000

Total revenue $1.477B (+12% YoY); storage rental $885M, service $592M.
Net income $77M ($0.25 EPS); Adjusted EBITDA $519M (+13% YoY).
AFFO $324M; AFFO per share $1.10 vs $1.01 a year ago.
Board declares Q2 dividend of $0.65/share, payable July 5.
Data center leased 30 MW in Q1; FY2024 guidance reaffirmed.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

IRON MOUNTAIN INC reported the quarter ended March 31, 2024 results: revenue $1,477, net income $77 million, EPS $0.25. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $1,477
Net income: $77 million
EPS: $0.25
Guidance: reaffirmed
Result: reported results

Exact text from the filing

per share data) Three Months Ended Y/Y % Change 3/31/24 3/31/23 Reported $ Constant Fx Storage Rental Revenue $885 $810 9% 9% Service Revenue $592 $504 17% 17% Total Revenue $1,477 $1,314 12% 12% Net Income $77 $66 18% Reported EPS $0.25 $0.22 14% Adjusted EPS $0.43 $0.42 2% Adjusted EBITDA $519 $461 13% 13% Adjusted EBITDA Margin 35.1% 35.1% 0 bps AFFO $324

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Source: SEC EDGAR

accession 0001020569-24-000126

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