Iron Mountain Incorporated (IRM) 2024 RBC Capital Markets Global Communications Infrastructure Conference (Transcript)
Iron Mountain Incorporated (NYSE:IRM ) 2024 RBC Capital Markets Global Communications Infrastructure Conference September 24, 2024 11:40 AM ET Company Participants Bill Meaney - Chief Executive Officer Barry Hytinen - Chief Financial Officer Conference Call Participants Jonathan Atkin - RBC Capital Markets Jonathan Atkin We are ready to get started. I am pleased to welcome Iron Mountain's CEO, Bill Meaney; CFO, Barry Hytinen, and welcome to our conference.
Iron Mountain: Deserves A Downgrade, Overly Expensive Here
IRM's stock price rally has been occurred overly fast and furious, attributed to the recent market rotation and rich dividend hike. While the long-term trends surrounding generative AI and data center capex remain robust, we believe that the premium observed in its stock valuations is unwarranted. This is especially since Data Center remains a miniscule portion of IRM's top/ bottom-lines, with the management's focus on capex growth implying lower AFFO payout ratios ahead.
Should You Retain Iron Mountain Stock in Your Portfolio Now?
IRM's steady revenues in the storage and records management business and focus on the data center business augur well. High interest rates are a concern.
Iron Mountain stock is overvalued and overbought: buy or sell?
Iron Mountain (NYSE: IRM) stock price has gone parabolic this year, making it one of the top-performing companies in the S&P 500 index. It has risen in the last five consecutive months and is sitting at its highest point on record.
Iron Mountain Incorporated (IRM) Goldman Sachs Communacopia + Technology Conference (Transcript)
Iron Mountain Incorporated (NYSE:IRM ) Goldman Sachs Communacopia + Technology Conference September 10, 2024 11:50 AM ET Company Participants Barry Hytinen - CFO Conference Call Participants George Tong - Goldman Sachs Santiago Suinaga - Infrastructure Masons George Tong Let's go ahead and get started. Good morning, everyone, and welcome.
Iron Mountain (IRM) Uses MongoDB for its New InSight DXP
To manage physical and digital information, Iron Mountain (IRM) uses MongoDB Atlas as the data platform for its InSight DXP.
Should You Retain Iron Mountain (IRM) in Your Portfolio?
Iron Mountain's (IRM) strong cash flows in the storage and records management business and a focus on the data center business are upsides, though competition and high interest rates are concerns.
Iron Mountain (IRM) Rises 53.4% YTD: Will the Trend Last?
A recurring revenue model and expansion into the data center business will likely drive Iron Mountain's (IRM) performance despite the elevated interest rate environment.
Iron Mountain's (IRM) Q2 AFFO Beat Estimates, Revenues Rise Y/Y
Iron Mountain's (IRM) Q2 results reflect a year-over-year rise in revenues backed by solid storage and service segments and the data-center business performance. However, high interest expenses ail.
Here's What Key Metrics Tell Us About Iron Mountain (IRM) Q2 Earnings
Although the revenue and EPS for Iron Mountain (IRM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Iron Mountain Incorporated (IRM) Q2 2024 Earnings Call Transcript
Iron Mountain Incorporated (NYSE:IRM ) Q2 2024 Earnings Conference Call August 1, 2024 8:30 AM ET Company Participants Gillian Tiltman - SVP and Head, IR William Meaney - President and CEO Barry Hytinen - EVP and CFO Conference Call Participants George Tong - Goldman Sachs Kevin McVeigh - UBS Nate Crossett - BNP Alexander Hess - JPMorgan Eric Luebchow - Wells Fargo Shlomo Rosenbaum - Stifel Brendan Lynch - Barclays Jon Atkin - RBC Operator Good morning and welcome to the Iron Mountain Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.
Iron Mountain (IRM) Q2 FFO and Revenues Surpass Estimates
Iron Mountain (IRM) came out with quarterly funds from operations (FFO) of $1.08 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to FFO of $0.94 per share a year ago.
