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Dec 31, 2020
Iron Mountain Q4 2020 Earnings Report
Announced financial results for the fourth quarter and full year 2020, demonstrating resilience and strategic focus amidst the COVID-19 pandemic.
Key Takeaways
Iron Mountain reported Q4 2020 results with total revenues of $1.06 billion, a decrease of 1.8% compared to Q4 2019. Income from Continuing Operations was $246.8 million, a significant increase from $37.1 million in Q4 2019. Adjusted EBITDA decreased by 4.8% to $374.2 million. The company issued full-year 2021 guidance, projecting total revenue between $4.325 billion and $4.475 billion and adjusted EBITDA between $1.575 billion and $1.625 billion.
Total reported Revenues for the fourth quarter were $1.06 billion, compared with $1.08 billion in the fourth quarter of 2019, a decrease of 1.8%.
Income from Continuing Operations for the fourth quarter was $246.8 million, compared with $37.1 million in the fourth quarter of 2019.
Adjusted EBITDA for the fourth quarter was $374.2 million, compared with $393.1 million in the fourth quarter of 2019, a decrease of 4.8%.
Reported EPS - Fully Diluted from Continuing Operations for the fourth quarter was $0.86, compared with $0.13 in the fourth quarter of 2019.
Revenue by Segment
Forward Guidance
Iron Mountain issued full-year 2021 guidance; details are summarized in the table below.
Positive Outlook
- Total Revenue $4,325 - $4,475 millions, 4% - 8% Y/Y Change
- Adjusted EBITDA $1,575 - $1,625 millions, 7% - 10% Y/Y Change
- AFFO $945 - $995 millions, 7% - 12% Y/Y Change
- AFFO Per Share $3.25 - $3.42, 6% - 11% Y/Y Change
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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