Iron Mountain Incorporated

IRM
Sector

Real Estate

Industry

REIT - Specialty

Market Cap

$30.29B

Employees

27K

Company Overview

Iron Mountain is a global leader in information management services, offering physical and digital storage, data management, and data center solutions. They serve a diverse range of industries, including many Fortune 1000 companies, across 60 countries. Their competitive advantage lies in their secure and reliable infrastructure, global scale, and long-standing customer relationships.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total revenues increased by 7.8% year-over-year, with storage rental revenue increasing by 7.2% and service revenue increasing by 8.8%. This growth indicates a strong demand for Iron Mountain's core offerings.

Net income decreased by 78.9% from $77.0 million to $16.2 million. This significant decrease raises concerns about profitability despite revenue growth. The decrease is attributable to increased operating expenses and other expenses.

Adjusted EBITDA increased by 11.8% year-over-year, reaching $579.9 million. This increase suggests that the company is managing its operational costs effectively, despite the decrease in net income.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG initiatives

3 Insights

Market Environment

3 Insights