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Sep 30, 2022
Iron Mountain Q3 2022 Earnings Report
Achieved record quarterly Adjusted EBITDA and AFFO.
Key Takeaways
Iron Mountain Incorporated reported strong financial results for the third quarter of 2022, including record Adjusted EBITDA and AFFO. Total revenue increased by 13.9% to $1.29 billion, driven by a 32.8% increase in Service revenue and a 9.8% increase in Storage rental revenue. Net income was $192.9 million, compared to $68.1 million in the third quarter of 2021.
Total reported Revenues for the third quarter were $1.29 billion, compared with $1.13 billion in the third quarter of 2021, an increase of 13.9%.
Net Income for the third quarter was $192.9 million compared with $68.1 million in the third quarter of 2021.
Adjusted EBITDA for the third quarter was $469.4 million, compared with $417.8 million in the third quarter of 2021, an increase of 12.4%.
AFFO was $288.0 million for the third quarter, compared with $263.5 million in the third quarter of 2021, an increase of 9.3%.
Revenue by Segment
Forward Guidance
Iron Mountain affirmed full year 2022 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
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