Iron Mountain Q2 record revenue $1.534B, Adjusted EBITDA $544M, dividend +10%

IRON MOUNTAIN INC

2024-Q2 EPS reported $0.37 revenue$3,011,272,000

Q2 revenue $1.534B (+13% YoY); net income $35M vs $1M; adjusted EPS $0.42 vs $0.40.
Adjusted EBITDA $544M (+14% constant currency), AFFO $321M (+12%), AFFO per share $1.08.
Data center leased 66MW in Q2; full-year leasing projection raised to 130MW.
Quarterly dividend raised 10% to $0.715/share; payable Oct 3, record Sep 16.
FY2024 guidance affirmed, expects upper end: revenue $6.00-6.15B, AFFO $4.39-4.51/share.

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