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Dec 31, 2023
Iron Mountain Q4 2023 Earnings Report
Iron Mountain's Q4 2023 performance resulted in record quarterly revenue and adjusted EBITDA.
Key Takeaways
Iron Mountain reported total revenues for the fourth quarter were $1.4 billion, an increase of 11.0%. Net income was $29.2 million, while adjusted EBITDA was $525.2 million, an increase of 11.3%.
Total reported revenues increased by 11.0% compared to Q4 2022.
Net Income decreased to $29.2 million compared to $125.7 million in Q4 2022.
Adjusted EBITDA increased by 11.3% compared to Q4 2022.
AFFO was $327.6 million, a 10% increase compared to Q4 2022.
Iron Mountain
Iron Mountain
Iron Mountain Revenue by Segment
Revenue by Segment
Storage Rental Revenue
CapyFin.comService Revenue
CapyFin.com Forward Guidance
Iron Mountain issued full year 2024 guidance with revenue growth of 10-12%.
Positive Outlook
- Total Revenue $6,000 - $6,150 million
- Adjusted EBITDA $2,175 - $2,225 million
- AFFO $1,300 - $1,335 million
- AFFO Per Share $4.39 - $4.51
Revenue & Expenses
Visualization of income flow from segment revenue to net income