Loading...
•
Sep 30, 2021
Iron Mountain Q3 2021 Earnings Report
Net income increased and record quarterly revenue, AFFO, and adjusted EBITDA was achieved.
Key Takeaways
Iron Mountain reported a strong third quarter, driven by broad offerings, deep customer relationships, and a resilient business model. Total revenue increased by 9.0% to $1.13 billion, with service revenue up by 19.7% and storage rental revenue up by 2.2%. Net income increased by 77% to $68.1 million. Adjusted EBITDA increased by 11.1% to $417.8 million, and AFFO increased by 21.7% to $263.5 million.
Total revenue increased by 9.0% to $1.13 billion.
Net income increased significantly by 77% to $68.1 million.
Adjusted EBITDA increased by 11.1% to $417.8 million.
AFFO increased by 21.7% to $263.5 million.
Iron Mountain
Iron Mountain
Iron Mountain Revenue by Segment
Revenue by Segment
Storage Rental Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Iron Mountain confirmed full-year 2021 guidance.
Positive Outlook
- Total Revenue: $4,415 - $4,515 million (6% - 9% Y/Y growth)
- Adjusted EBITDA: $1,600 - $1,635 million (8% - 11% Y/Y growth)
- AFFO: $970 - $1,005 million (9% - 13% Y/Y growth)
- AFFO Per Share: $3.33 - $3.45 (8% - 12% Y/Y growth)
Revenue & Expenses
Visualization of income flow from segment revenue to net income