Iron Mountain Q4 2022 Earnings Report
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%.
Iron Mountain
Iron Mountain
Iron Mountain 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