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Dec 31, 2022
Iron Mountain Q4 2022 Earnings Report
Reported strong financial and operating results with record Adjusted EBITDA and continued strength in AFFO.
Key Takeaways
Iron Mountain reported strong Q4 2022 results, with a 10.3% increase in total reported revenues and a 9.6% increase in Adjusted EBITDA. The company issued strong 2023 guidance for revenue, Adjusted EBITDA, and AFFO.
Total reported revenues for the fourth quarter were $1.3 billion, an increase of 10.3%.
Net Income for the fourth quarter was $125.7 million compared to $61.5 million in the fourth quarter of 2021.
Adjusted EBITDA for the fourth quarter was $471.9 million, an increase of 9.6%.
AFFO per share was $0.98 for the fourth quarter, compared to $0.92 in the fourth quarter of 2021, an increase of 7.0%.
Revenue by Segment
Forward Guidance
Iron Mountain issued full year 2023 guidance for revenue, Adjusted EBITDA and AFFO.
Positive Outlook
- Total Revenue $5,500 - $5,600 million
- Adjusted EBITDA $1,940 - $1,975 million
- AFFO $1,150 - $1,175 million
- AFFO Per Share $3.91 - $4.00
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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