NYSE$IRM

Iron Mountain Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Iron Mountain reported strong performance in Q1 2020 with year-over-year growth in organic revenue, Adjusted EBITDA, Adjusted EPS and AFFO.

Iron Mountain reported first quarter 2020 results with total revenues of $1.07 billion, compared to $1.05 billion in the first quarter of 2019. Adjusted EBITDA for the first quarter was $363.1 million, compared to $324.5 million in the first quarter of 2019. Reported EPS was $0.22, compared to $0.10 in the first quarter of 2019. Adjusted EPS for the first quarter was $0.27, compared to $0.17 in the first quarter of 2019. AFFO was $231.2 million, representing the highest quarterly level.

  • Total reported Revenues for the first quarter were $1.07 billion, compared with $1.05 billion in the first quarter of 2019.
  • Income from Continuing Operations for the first quarter was $64.9 million, compared with $30.5 million in the first quarter of 2019.
  • Adjusted EBITDA for the first quarter was $363.1 million, compared with $324.5 million in the first quarter of 2019.
  • AFFO was $231.2 million for the first quarter, representing the highest quarterly level, compared with $193.4 million in the first quarter of 2019.

Headline financials

Total Revenue

$1.07B

Previous: $1.05B+1.4%
EPS (adj)

$0.27

Previous: $0.48-43.7%
Adjusted EBITDA

$363M

Previous: $325M+11.9%
AFFO

$231M

Previous: $193M+19.5%
Capital Expenditures

-$97.1M

Previous: -$185M+47.4%
Free Cash Flow

-$32.3M

Previous: -$154M+79.1%
Net Income

$64.9M

Previous: $30.5M+113.1%
Operating Income

$138M

Previous: $159M-13.3%
Gross Profit

$602M

Previous: $3.05M+19650.9%
Cash & Equivalents

$153M

Previous: $161M-5.4%
Total Assets

$13.6B

Previous: $13.7B-0.9%
Stock-Based Comp

$6.53M

Previous: $8.52M-23.4%

Revenue & EPS history

Iron Mountain · Revenue · Quarterly

$1.07B

Q1 2020+1.4%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Iron Mountain · $1.07B total across 2 segments · Q1 2020

  • Storage Rental
    $684M+3.1%
  • Service
    $385M-1.5%

Forward guidance

In light of the uncertain operating environment, Iron Mountain has withdrawn its previously provided 2020 guidance, including for Revenue, Adjusted EBITDA, Adjusted EPS, and AFFO.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+3.6%

Avg return

30 days after

54%

38 / 70 earnings

Positive

+15.2%

Q4 2021

Best reaction

-9.5%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+14.2%+15.0%+12.0%
Q4 2025+5.8%+8.6%+6.6%
Q3 2025-2.8%-1.0%-18.4%
Q2 2025-5.8%-6.3%-3.5%
Q1 2025+2.4%+8.1%+10.1%
Q4 2024-7.3%-8.3%-15.7%
Q3 2024-7.0%-6.6%-4.4%
Q2 2024+4.0%+3.8%+10.4%
Q1 2024-3.6%-0.6%+3.3%
Q4 2023+9.5%+8.0%+15.9%
Q3 2023+3.5%-0.8%+9.8%
Q2 2023-1.2%-1.4%+3.2%
Q1 2023+2.2%+1.1%+0.1%
Q4 2022+3.3%+4.2%-0.4%
Q3 2022+0.5%+2.7%+12.0%
Q2 2022+8.1%+10.2%+7.8%
Q1 2022-1.3%-3.4%+1.0%
Q4 2021+15.2%+17.6%+26.3%
Q3 2021-1.2%-1.3%-2.4%
Q2 2021+3.8%+6.1%+14.0%
Q1 2021+6.6%+8.3%+17.9%
Q4 2020+7.8%+8.2%+16.1%
Q3 2020+0.7%+2.0%+9.5%
Q2 2020+1.6%+2.0%+4.1%
Q1 2020+12.1%+5.4%+35.5%
Q4 2019+4.2%+7.1%-8.8%
Q3 2019+0.1%-0.3%-4.1%
Q2 2019+6.9%+4.8%+8.3%
Q1 2019-9.5%-9.4%-12.6%
Q4 2018-2.0%-1.3%-2.5%
Q3 2018-5.5%-2.0%+0.5%
Q2 2018-1.5%-0.4%+1.3%
Q1 2018+2.1%+1.0%-2.3%
Q4 2017-4.7%-6.7%-3.6%
Q3 2017-0.6%-0.1%+2.7%
Q2 2017+4.8%+6.2%+10.7%
Q1 2017-3.7%-2.1%-2.6%
Q4 2016-0.6%-2.1%-6.5%
Q3 2016-4.8%-3.8%-3.6%
Q2 2016-6.1%-8.6%-3.6%
Q1 2016+1.4%
Q4 2015+1.5%
Q3 2015+5.0%
Q2 2015-2.0%
Q1 2015-2.3%
Q4 2014-6.5%
Q3 2014+1.2%
Q2 2014+0.1%
Q1 2014-1.2%
Q4 2013-3.4%
Q3 2013-1.1%
Q2 2013+1.6%
Q1 2013+1.2%
Q4 2012-1.0%
Q3 2012+3.6%
Q2 2012+4.7%
Q1 2012+1.7%
Q4 2011-1.7%
Q3 2011-3.0%
Q2 2011-3.9%
Q1 2011+0.9%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2010+0.2%
Q3 2009+0.2%
Q2 2010-1.6%
Q2 2009-1.6%
Q4 2009+4.8%
Q1 2009+4.8%
Q1 2010+4.8%

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