earnings
confidence high
sentiment positive
materiality 0.70
Iron Mountain Q3 revenue $1.56B, Adj EBITDA $568M record; net loss $34M on FX, reaffirms high-end FY guidance
IRON MOUNTAIN INC
2024-Q3 EPS reported
$0.26
revenue$4,568,630,000
- Total revenue $1,557M (+12% reported, +13% constant currency); storage rental $936M (+9%), service $622M (+17%).
- Adjusted EBITDA $568M (record), margin 36.5%; AFFO $332M (+10%), AFFO/share $1.13 vs $1.02.
- Net loss $34M vs profit $91M last year due to $76M unfavorable FX impact in Other Expense.
- Quarterly dividend declared $0.715 per share, payable Jan 7, 2025; record Dec 16, 2024.
- FY2024 guidance reaffirmed; expects to hit high end: revenue $6.0-6.15B, Adj EBITDA $2.175-2.225B.