Iron Mountain Inc. (IRM), an information management services company, on Thursday reported higher earnings in the first quarter compared with the previous year. The company declared a dividend.
For the first quarter, Funds from Operations FFO increased to $294.55 million from $229.07 million in the previous year.
Funds from Operations FFO earnings per share were $0.99 versus $0.77 last year.
Adjusted Funds From Operations AFFO increased to $426.11 million from $348.40 million in the previous year.
Adjusted Funds From Operations AFFO earnings per share were $1.43 versus $1.17 last year.
Adjusted EBITDA increased to $707.94 million from $579.91 million in the same period a year ago.
Operating income jumped to $395.23 million from $254.29 million in the prior year.
Revenue rose to $1.59 billion from $1.94 billion in the previous year.
Further, the Board declared a quarterly cash dividend of $0.864 per share, payable on July 3, to shareholders of record as of June 15.
Looking ahead, the company raises its full-year 2026 guidance, expecting revenue to range between $7,825 and $7,925, up from the previous guidance of $7,625 to $7,775.
Adjusted EBITDA is expected to range between $2,925 and $2,965, up from the previous guidance of $2,875 to $2,925.
The company expects adjusted funds from operations (AFFO) to range between $1,735 and $1,755, up from the previous guidance of $1,705 to $1,735.
Adjusted funds from operations (AFFO) earnings per share are expected to range between $5.79 and $5.86, up from the previous guidance of $5.69 to $5.79, representing growth of approximately 13%.
In the pre-market trading, 0.03% higher at $114.51 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.