Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock?
Strong cash flows in the storage and records management business and a focus on the data center business are upsides for IRM.
Dividend stocks offer an ideal option for investors aiming to build a portfolio in 2025 due to their ability to provide income and growth.
IRM's strong cash flows in the storage and records management business and a focus on the data center business are upsides. Competition and high interest rates are concerns.
IRM acquires data center development sites in Richmond, VA and Manassas, VA, to strengthen its global data center portfolio.
Iron Mountain Incorporated (NYSE:IRM ) JPMorgan Ultimate Services Investor Conference November 14, 2024 1:50 PM ET Company Participants Barry Hytinen - CFO Conference Call Participants Alex Hess - JPMorgan Alex Hess Good afternoon. I'm Alex Hess, a member of the business and information services equity research team led by Andrew Steinerman here at JPMorgan.
Strong cash flows from the storage and records management businesses, data-center business expansion and healthy balance sheet are likely to support IRM.
Successful investing requires second-level thinking, which involves deeper analysis beyond simple formulas, as highlighted by Howard Marks in "The Most Important Thing". Iron Mountain's transformation from document storage to cloud storage led to impressive returns, but the stock is now overrated and overpriced; it's time to sell. Sun Communities' restructuring and leadership changes present an opportunistic buy, with potential for 30% annual returns despite short-term earnings decline.
IRM's Q3 results reflect a year-over-year rise in revenues and adjusted EBITDA.
IRM's Q3 results reflect a year-over-year rise in revenues backed by solid storage and service segments and the data-center business performance.
Iron Mountain Incorporated (NYSE:IRM ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP & Head, IR William Meaney - President & CEO Barry Hytinen - EVP & CFO Conference Call Participants George Tong - Goldman Sachs Jonathan Atkin - RBC Shlomo Rosenbaum - Stifel Nathan Crossett - BNP Kevin McVeigh - UBS Andrew Steinerman - JPMorgan Eric Luebchow - Wells Fargo Brendan Lynch - Barclays Operator Good morning, and welcome to the Iron Mountain Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Although the revenue and EPS for Iron Mountain (IRM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.