Loading...
•
Mar 31, 2024
Iron Mountain Q1 2024 Earnings Report
Achieved record quarterly revenue and a record first quarter adjusted EBITDA.
Key Takeaways
Iron Mountain reported a strong start to 2024 with record revenue of $1.477 billion and adjusted EBITDA of $518.9 million. The company reiterated its full year 2024 guidance and leased 30 megawatts in the data center segment during the quarter.
Total reported revenues for the first quarter were $1.5 billion, compared with $1.3 billion in the first quarter of 2023, an increase of 12.4%.
Net Income for the first quarter was $77.0 million, compared with $65.5 million in the first quarter of 2023.
Adjusted EBITDA for the first quarter was $518.9 million, compared with $460.8 million in the first quarter of 2023, an increase of 12.6%.
AFFO was $323.7 million for the first quarter, compared with $295.2 million in the first quarter of 2023, an increase of 9.6% driven by improved Adjusted EBITDA.
Revenue by Segment
Forward Guidance
Iron Mountain affirmed full year 2024 guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...