earnings
confidence high
sentiment positive
materiality 0.75
Iron Mountain Q1 revenue record $1.59B (+7.8% YoY); raises FY2025 guidance; Adj EBITDA $580M
IRON MOUNTAIN INC
2025-Q1 EPS reported
$0.05
revenue$1,592,529,000
- Total revenue $1.593B (+7.8% reported, +9.4% constant currency); growth businesses (data center, digital, ALM) up >20%.
- Net income $16M (-79% YoY) due to FX on intercompany balances; Adjusted EPS $0.43 flat YoY.
- Adjusted EBITDA $580M (+12% reported, +13.5% constant currency); margin 36.4% (+130 bps).
- AFFO $348M (+8%); AFFO per share $1.17 (+6%).
- Raised FY2025 guidance: revenue $6.74B-$6.89B (~11% YoY); Adj EBITDA $2.505B-$2.555B (~13% YoY); AFFO $1.48B-$1.51B.