Core Insights - Iron Mountain Incorporated (IRM) reported fourth-quarter 2025 adjusted funds from operations (AFFO) per share of $1.44, exceeding the Zacks Consensus Estimate of $1.39, with total revenues of $1.84 billion surpassing the estimate of $1.80 billion, reflecting year-over-year increases of 16.1% and 16.6% respectively [1][8] Revenue Details - Storage rental revenues increased by 12.7% year over year to $1.061 billion, exceeding the estimate of $1.057 billion [2] - Service revenues grew by 22.3% year over year to $781.9 million, higher than the estimate of $745.3 million [2] - Total revenues in the Global RIM business reached $1.373 billion, a 9.1% increase from the prior year, surpassing the estimate of $1.370 billion [2] - Global Data Center business revenues rose by 39.1% year over year to $236.7 million, exceeding the estimate of $230.1 million [3] - Corporate and Other business revenues increased by 52.9% year over year to $233.5 million, higher than the estimate of $216.5 million [3] Adjusted EBITDA - Adjusted EBITDA for the Global RIM business rose by 7.5% year over year to $622.4 million, surpassing the estimate of $621.8 million [4] - Global Data Center business reported adjusted EBITDA growth of 38.3% year over year, totaling $121.9 million, exceeding the estimate of $112.5 million [4] - Adjusted EBITDA for Corporate and Other experienced a decline of $39 million year over year, which was better than the estimated decrease of $44.2 million [4] Balance Sheet Position - As of the end of the fourth quarter, IRM had $158.5 million in cash and cash equivalents, down from $195.2 million as of September 30, 2025 [5] - The company reported net debt of $16.39 billion, an increase from $16.11 billion as of September 30, 2025, with a weighted average years to maturity of 4.6 years and a weighted average interest rate of 5.6% [5] 2026 Guidance - For 2026, IRM expects AFFO per share in the range of $5.69-$5.79, with the Zacks Consensus Estimate at the lower end of this range [6] - Revenues are projected to be between $7.625 billion and $7.775 billion, while adjusted EBITDA is anticipated to be between $2.875 billion and $2.925 billion [6]

Core Insights - Iron Mountain Incorporated (IRM) reported second-quarter adjusted funds from operations (AFFO) per share of $1.24, exceeding the Zacks Consensus Estimate of $1.19, marking a year-over-year increase of 14.8% [1][9] - The company's total revenues for the quarter reached $1.71 billion, surpassing the Zacks Consensus Estimate of $1.68 billion, and reflecting an 11.6% year-over-year growth [3][9] - IRM raised its full-year 2025 guidance for AFFO per share to a range of $5.04 to $5.13, up from the previous range of $4.95 to $5.05 [10] Financial Performance - Storage rental revenues amounted to $1,010 million, a 9.8% increase year over year, while service revenues rose 14.2% to $702 million [5] - The Global RIM business reported revenues of $1,323.8 million, growing 5.9% year over year, and the Global Data Center business saw revenues of $189.4 million, up 24% year over year [5][6] - Adjusted EBITDA increased by 15.4% year over year to $628.4 million, with an adjusted EBITDA margin expansion of 120 basis points to 36.7% [6] Balance Sheet and Cash Flow - As of June 30, 2025, IRM had cash and cash equivalents of $218 million, an increase from $155.3 million as of March 31, 2025 [7] - The company reported net debt of $15.48 billion, up from $14.87 billion as of March 31, 2025, with a weighted average interest rate of 5.7% [7] Dividend Announcement - Concurrently with the earnings release, IRM announced a cash dividend of 78.5 cents per share for the third quarter of 2025, payable on October 3 to shareholders on record as of September 15, 2025 [8] Guidance Revision - The revenue outlook for 2025 has been revised to a range of $6.79 billion to $6.94 billion, up from the previous range of $6.74 billion to $6.89 billion [11] - Adjusted EBITDA for 2025 is now anticipated to be between $2.52 billion and $2.57 billion, an increase from the prior range of $2.51 billion to $2.56 billion [11]

Core Viewpoint - Iron Mountain Incorporated (IRM) reported strong first-quarter results, with adjusted funds from operations (AFFO) per share of $1.17, exceeding expectations and reflecting a 6.4% year-over-year increase [1][2]. Financial Performance - Total revenues for the quarter were $1.59 billion, slightly below the consensus estimate of $1.60 billion, but showed a year-over-year improvement of 7.8% [3]. - Storage rental revenues reached $948.4 million, up 7.2% year over year, surpassing the estimated $943.8 million [4]. - Service revenues increased by 8.8% to $644.2 million, slightly below the estimate of $646.3 million [5]. - Global RIM business revenues grew 3.8% to $1.26 billion, also below the estimate of $1.27 billion [5]. - Global Data Center business reported revenues of $173.2 million, a significant 20.3% increase year over year, exceeding the estimate of $169.7 million [5]. - Adjusted EBITDA rose 11.8% to $579.9 million, with the adjusted EBITDA margin expanding by 130 basis points to 36.4% [6]. Interest Expenses and Debt - Interest expenses increased by 18.4% year over year to $194.7 million [6]. - As of March 31, 2025, the company had net debt of $14.87 billion, up from $13.68 billion at the end of 2024, with a weighted average interest rate of 5.7% [7]. Dividend Announcement - The company announced a cash dividend of 78.5 cents per share for the second quarter of 2025, payable on July 3 to shareholders on record as of June 16, 2025 [8]. 2025 Guidance Revision - Iron Mountain raised its guidance for 2025, now expecting AFFO per share between $4.95 and $5.05, up from the previous range of $4.85-$4.95 [9]. - Revenue estimates for 2025 are now between $6.74 billion and $6.89 billion, an increase from the earlier range of $6.65 billion to $6.80 billion [9][10]. - Adjusted EBITDA is anticipated to be between $2.51 billion and $2.56 billion, revised from the previous range of $2.48 billion to $2.53 billion [9].