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Mar 31, 2020
Iron Mountain Q1 2020 Earnings Report
Iron Mountain reported strong performance in Q1 2020 with year-over-year growth in organic revenue, Adjusted EBITDA, Adjusted EPS and AFFO.
Key Takeaways
Iron Mountain reported first quarter 2020 results with total revenues of $1.07 billion, compared to $1.05 billion in the first quarter of 2019. Adjusted EBITDA for the first quarter was $363.1 million, compared to $324.5 million in the first quarter of 2019. Reported EPS was $0.22, compared to $0.10 in the first quarter of 2019. Adjusted EPS for the first quarter was $0.27, compared to $0.17 in the first quarter of 2019. AFFO was $231.2 million, representing the highest quarterly level.
Total reported Revenues for the first quarter were $1.07 billion, compared with $1.05 billion in the first quarter of 2019.
Income from Continuing Operations for the first quarter was $64.9 million, compared with $30.5 million in the first quarter of 2019.
Adjusted EBITDA for the first quarter was $363.1 million, compared with $324.5 million in the first quarter of 2019.
AFFO was $231.2 million for the first quarter, representing the highest quarterly level, compared with $193.4 million in the first quarter of 2019.
Iron Mountain
Iron Mountain
Iron Mountain Revenue by Segment
Revenue by Segment
Storage Rental Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
In light of the uncertain operating environment, Iron Mountain has withdrawn its previously provided 2020 guidance, including for Revenue, Adjusted EBITDA, Adjusted EPS, and AFFO.
Revenue & Expenses
Visualization of income flow from segment revenue to net income