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Iron Mountain (IRM) Q4 FFO and Revenues Beat Estimates
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Boston, MA-based Iron Mountain Inc. (IRM - Free Report) 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.
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 50 cents per share that beat the Zacks Consensus Estimate of 45 cents but decreased 12.3% year over year.
Revenue: Revenues of $934.2 million beat the Zacks Consensus Estimate of $930 million and improved 24.2% year over year.
Key Stats: In the quarter, adjusted EBITDA (operating income before depreciation and amortization) was $296.5 million compared with $237.7 million in the year-ago quarter.
Check back later for our full write up on this IRM earnings report later!
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Iron Mountain (IRM) Q4 FFO and Revenues Beat Estimates
Boston, MA-based Iron Mountain Inc. (IRM - Free Report) 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.
Zacks Rank: Currently, Iron Mountain has a Zacks Rank#3 (Hold) but that could change following its fourth-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key details from the just-released announcement below:
Iron Mountain Incorporated Price
Iron Mountain Incorporated Price | Iron Mountain Incorporated Quote
Earnings: Iron Mountain reported normalized funds from operations (FFO) of 50 cents per share that beat the Zacks Consensus Estimate of 45 cents but decreased 12.3% year over year.
Revenue: Revenues of $934.2 million beat the Zacks Consensus Estimate of $930 million and improved 24.2% year over year.
Key Stats: In the quarter, adjusted EBITDA (operating income before depreciation and amortization) was $296.5 million compared with $237.7 million in the year-ago quarter.
Check back later for our full write up on this IRM earnings report later!
The Best Place to Start Your Stock Search
Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>