logo
Plus   Neg
Share
Email

Iron Mountain Withdraws 2020 Guidance - Quick Facts

Iron Mountain Inc. (IRM) said, in light of the uncertain operating environment, the company has withdrawn its previously provided 2020 guidance, including for revenue, adjusted EBITDA, adjusted EPS, and AFFO.

First quarter adjusted EPS was $0.27, compared to $0.17, a year ago. Adjusted EBITDA was $363.1 million, compared to $324.5 million, last year. On a constant currency basis, adjusted EBITDA increased by 13.7%, for the quarter. Total reported revenues were $1.07 billion, compared to $1.05 billion, previous year. Excluding the impact of foreign exchange, total reported revenues grew 3.2% compared to the prior year.

On May 5, 2020, Iron Mountain's board of directors declared a quarterly cash dividend of $0.6185 per share for the second quarter. The dividend is payable on July 2, 2020, for shareholders of record on June 15, 2020.

As of the end of the first quarter, the company had cash on hand of $153 million and $1.1 billion available under its revolving credit facility, resulting in more than $1.2 billion in liquidity.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Warren Buffett's Berkshire Hathaway reported a profit for the second-quarter that increased 87 percent from last year, as the value of its investment portfolio increased with the stock market. But it took about $10 billion write down on the value of its Precision Castparts aircraft parts unit due to the impact of the COVID-19 pandemic. Operating profit declined 10 percent. Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok. Pfizer said Friday it reached a multi-year deal with Gilead Sciences to manufacture and supply Gilead's investigational antiviral remdesivir for COVID-19 patients.
Follow RTT