Iron Mountain Q4 2019 Earnings Report
Key Takeaways
Iron Mountain's Q4 2019 results showed a revenue of $1.08 billion, a net income of $37.1 million, and an adjusted EBITDA of $386.5 million. The company also took critical steps in implementing Project Summit.
Total reported Revenues for the fourth quarter were $1.08 billion, compared with $1.06 billion in the fourth quarter of 2018.
Adjusted EBITDA for the fourth quarter was $386.5 million, compared with $359.4 million in the fourth quarter of 2018.
Reported EPS - Fully Diluted from Continuing Operations for the fourth quarter was $0.13, compared with $0.55 in the fourth quarter of 2018.
AFFO was $228.0 million for the fourth quarter compared with $193.8 million in the fourth quarter of 2018, an increase of 17.7%.
Iron Mountain
Iron Mountain
Iron Mountain Revenue by Segment
Forward Guidance
Iron Mountain issued full-year 2020 guidance.
Positive Outlook
- Revenue $4,375 - $4,475
- Adjusted EBITDA $1,520 - $1,570
- Adjusted EPS $1.15 - $1.25
- AFFO $930 - $960
Revenue & Expenses
Visualization of income flow from segment revenue to net income