Iron Mountain ( (IRM) ) has released its Q1 earnings. Here is a breakdown of the information Iron Mountain presented to its investors.
Iron Mountain Incorporated is a global leader in information management services, providing solutions for information management, digital transformation, information security, data centers, and asset lifecycle management across 61 countries.
In the first quarter of 2025, Iron Mountain reported a record quarterly revenue of $1.6 billion, marking a 7.8% increase from the previous year, with strong growth in its data center, digital, and asset lifecycle management sectors.
Key financial highlights include a 12% increase in Adjusted EBITDA to $580 million and a 7.6% rise in AFFO to $348 million. Despite these gains, net income decreased significantly to $16 million, primarily due to foreign exchange impacts. The company also declared a quarterly dividend of $0.785 per share.
Looking ahead, Iron Mountain has raised its financial guidance for 2025, expecting continued growth driven by its strategic focus on expanding its data center and digital services. The company remains optimistic about its ability to meet customer needs and capitalize on market opportunities.