Iron Mountain reported strong first-quarter results with revenue, EBITDA, and AFFO all up; positive.

From Yahoo Finance: 2025-06-04 09:30:00

Iron Mountain reported strong first-quarter results last month, with revenue up 8%, adjusted EBITDA up 12%, and AFFO up 8%. CEO William Meaney commented that the company is in a strong position for continued growth. The company’s growth businesses, including data, digital, and asset lifecycle management, collectively grew by over 20% in the period. Iron Mountain’s Project Matterhorn strategy has helped drive 11% compound annual revenue growth and 9% compound annual AFFO growth since 2021. The company increased its full-year guidance, expecting revenue and AFFO to grow by 11% at the midpoint of its forecast, with AFFO per share rising 10%. Shares of Iron Mountain jumped 10.1% in May, driven by its strong performance and positive outlook. The company has been investing in data centers, with plans to grow data center revenue at over 20% annually in the future. Iron Mountain’s stock is up over 250% in the past five years, trading at around $100 per share. The company remains a buy for those seeking income and solid growth potential.



Read more at Yahoo Finance: Why Iron Mountain Stock Rallied 10% in May