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Iron Mountain (IRM) Misses On Q1 Earnings, Beats Revenue

Published 04/27/2017, 07:24 AM
Updated 07/09/2023, 06:31 AM

Boston, MA-based Iron Mountain Inc. (NYSE:IRM) is a leading provider of records management, data protection & recovery and information destruction services in more than 45 countries around the world.

The company’s products cater to a diversified customer base that comprises commercial, legal, financial services, health care, entertainment, and government organizations. It is noteworthy that 95% of the Fortune 1000 companies are on Iron Mountain’s client list.

Currently, Iron Mountain has a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

However, the Zacks Rank could definitely change following the company’s first-quarter 2017 report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Iron Mountain reported normalized funds from operations (FFO) of 48 cents per share that missed the Zacks Consensus Estimate of 51 cents and decreased 7.4% year over year.

Revenue: Revenues of $939 million beat the Zacks Consensus Estimate of $929 million and improved 25% year over year.

Key Stats: In the quarter, adjusted EBITDA (earnings before depreciation and amortization) was $293 million compared with $235 million in the year-ago quarter.


Check back for our full write up on this Iron Mountain earnings report later!

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Iron Mountain Incorporated (IRM): Free Stock Analysis Report

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