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Iron Mountain's Q3 Adjusted FFO, Revenue Rise; 2024 Guidance Reaffirmed
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Iron Mountain's Q3 Adjusted FFO, Revenue Rise; 2024 Guidance Reaffirmed
Nov 6, 2024 5:13 AM

07:12 AM EST, 11/06/2024 (MT Newswires) -- Iron Mountain (IRM) reported Q3 adjusted funds from operations Wednesday of $1.13 per diluted share, up from $1.02 a year earlier.

Three analysts polled by Capital IQ expected $1.11.

Total revenue for the quarter ended Sept. 30 was $1.56 billion, up from $1.39 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.55 billion.

For the full-year 2024, the company said it continues to expect adjusted FFO in the range of $4.39 to $4.51 per share. Analysts polled by Capital IQ expect $4.49.

Revenue for the year is expected to be between $6 billion to $6.15 billion. Analysts surveyed by Capital IQ expect $6.14 billion.

Additionally, Iron Mountain said its board maintained the quarterly dividend at $0.715 per share, payable Jan. 7 to shareholders of record as of Dec. 16.

Price: 128.50, Change: +0.80, Percent Change: +0.63

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