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Sep 30, 2024
Iron Mountain Q3 2024 Earnings Report
Iron Mountain reported strong Q3 2024 results, achieving all-time record revenue, adjusted EBITDA, and AFFO.
Key Takeaways
Iron Mountain reported a strong third quarter with record revenue, adjusted EBITDA, and AFFO. Total revenue increased by 12.2% to $1.6 billion, driven by growth in both storage rental and service revenue. Adjusted EBITDA rose by 13.6% to $568.1 million, and AFFO increased by 10.2% to $332.0 million.
Total revenue for the third quarter increased by 12.2% to $1.6 billion.
Net income for the third quarter was $(33.7) million.
Adjusted EBITDA for the third quarter increased by 13.6% to $568.1 million.
AFFO for the third quarter increased by 10.2% to $332.0 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 affirmed full year 2024 guidance, and now expects to be on track to achieve the high end of full year 2024 guidance range.
Revenue & Expenses
Visualization of income flow from segment revenue to net income