Iron Mountain reported record revenue, though it fell short of expectations, highlighting both growth and challenges in its strategic transition.Iron Mountain (IRM -3.28%), a leader in records management and data protection, revealed its fourth quarter results for 2024 on February 13.The earnings release highlighted a record revenue of $1.58 billion, an 11.3% increase from the previous year. Despite this growth, it missed Wall Street's fourth-quarter revenue estimates of $1.6 billion. The company's Adjusted ...

IRON MOUNTAIN® Supplemental Financial Information investors.ironmountain.com Table of Contents | Section I - Q4 Earnings Press Release | | | --- | --- | | Q4 2024 Earnings Press Release | 3 | | Section II - Financial Highlights and Organic Growth | | | Financial and Operating Highlights | 6 | | Organic Revenue Growth | 7 | | Section III - Operational Metrics | | | Global Storage Volume | 8 | | Quarterly Operating Performance | 9 | | Full Year Operating Performance | 10 | | Section IV - Balance Sheets, State ...

Iron Mountain Incorporated (IRM) is slated to release fourth-quarter and full-year 2024 results on Feb. 13, before the opening bell. The quarterly results are likely to display year-over-year growth in revenues and adjusted funds from operations (AFFO) per share.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this real estate investment trust (REIT) delivered a surprise of 1.80% in terms of AFFO per share. Results reflected solid performances in the storage ...

In its upcoming report, Iron Mountain (IRM) is predicted by Wall Street analysts to post quarterly earnings of $1.20 per share, reflecting an increase of 130.8% compared to the same period last year. Revenues are forecasted to be $1.6 billion, representing a year-over-year increase of 12.5%.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a compan ...

Shares of Iron Mountain Incorporated (IRM) have rallied 11.6% in the past six months, against the industry’s fall of 3.1%.Iron Mountain boasts a stable and resilient core storage and records management business. A recurring revenue business model and a well-diversified tenant base assure steady cash flows. The company’s accretive buyouts and expansion efforts toward fast-growing businesses, like that of the data center, bode well for growth. A healthy balance sheet is likely to support the company’s growth ...

Portfolio Insights - The analyst holds a beneficial long position in NVDA, TSM, and MSFT through stock ownership, options, or other derivatives [3] - The portfolio reflects the analyst's unique insights and knowledge, offering a contrasting view for other investors [1] Disclosure and Purpose - The analysis is provided for informational purposes only and should not be considered professional investment advice [2] - The analyst is not receiving compensation for the article other than from Seeking Alpha [3] - Seeking Alpha's analysts include both professional and individual investors who may not be licensed or certified by any regulatory body [4]

After experiencing a solid run in earlier months and hitting a 52-week high in late October, Iron Mountain Incorporated (IRM) shares have experienced a downturn, declining 10.5% in the past three months and closing at $103.21 on Wednesday on the NYSE. Over the same period, the stock has underperformed not only the Zacks REIT and Equity Trust - Other industry but also the S&P 500 composite.The latest indications from the Federal Reserve of lesser rate cuts in the upcoming year have significantly impacted the ...

I rate Iron Mountain Incorporated (NYSE: IRM ) as a “Hold,” for REIT investors looking for long-term buy and hold investments. The most important factors that influence my opinion of the REIT are:David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 ye ...

Summary of Iron Mountain Incorporated Conference Call Company Overview - **Company**: Iron Mountain Incorporated (NYSE:IRM) - **Event**: Barclays 22nd Annual Global Technology Conference Call - **Date**: December 11, 2024 - **Participants**: Barry Hytinen (CFO), Brendan Lynch (Barclays) Key Points Industry Positioning - **Data Center Growth**: Data center operations represent approximately 10% of total revenues, up from low-single-digits five years ago [3] - **Capacity Expansion**: Current operational capacity is 365 megawatts, with plans to expand to 1.25 gigawatts over time [3] - **Pre-Leasing Success**: 95% pre-leased on 210 megawatts under construction, primarily with hyperscalers [3] - **Recent Land Acquisitions**: Acquired parcels in Virginia to increase capacity by 350 megawatts [3] Market Dynamics - **Power Supply Challenges**: Power availability is a bottleneck for the industry, with potential delays in power delivery impacting site selection [5] - **Demand Outlook**: Strong demand from hyperscalers is expected to continue, with industry growth projected at 25% CAGR over the next decade [7][8] Financial Performance - **Revenue Breakdown**: Company revenue expected to exceed $6 billion, with data center business contributing around $600 million [16] - **Return on Investment**: Unlevered cash-on-cash returns for hyperscale data centers have improved from 7-8% to 10-13% over the past few years [13][14] Digital Solutions and Innovation - **Digital Solutions Growth**: Digital solutions revenue projected to reach $500 million, growing at over 25% CAGR [16][17] - **SaaS Model Implementation**: Transitioning to a recurring revenue model through digital platforms, enhancing client efficiency and cost savings [17][20] Asset Lifecycle Management (ALM) - **ALM Business Growth**: ALM revenue has grown to approximately $500 million, with significant potential in IT asset decommissioning [22] - **Acquisition Strategy**: Recent acquisitions aimed at enhancing processing capabilities and expanding market presence [22] Pricing Strategy - **Revenue Management**: Focus on ensuring pricing reflects the value delivered, with expectations for mid to upper single-digit revenue growth [20] Future Outlook - **Global Expansion**: Anticipated growth in international markets, particularly in Asia and Europe, for data center operations [12] - **Market Leadership Goals**: Aim to become the market leader in asset lifecycle management, leveraging synergies from recent acquisitions [22] Additional Insights - **Client Relationships**: Strong retention rates (98.5%) and long-term contracts with major clients enhance stability [20] - **Operational Efficiency**: Emphasis on timely delivery and execution as key differentiators in the competitive landscape [10] This summary encapsulates the critical insights and data from the conference call, highlighting Iron Mountain's strategic positioning, growth prospects, and operational focus within the data center and asset management industries.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this IRM commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.This week, Iron Mountain Inc (NYSE:IRM) stock’s post-earnings drop had it pulling back to the $114 region, which provided resistance in August. Shares of the real estate investment trust (REIT) also tested ...