NYSE$IRM

Iron Mountain Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Iron Mountain reported a solid Q4 2019 with revenue growth and strong growth in Adjusted EBITDA, Adjusted EPS and AFFO.

Iron Mountain's Q4 2019 results showed a revenue of $1.08 billion, a net income of $37.1 million, and an adjusted EBITDA of $386.5 million. The company also took critical steps in implementing Project Summit.

  • Total reported Revenues for the fourth quarter were $1.08 billion, compared with $1.06 billion in the fourth quarter of 2018.
  • Adjusted EBITDA for the fourth quarter was $386.5 million, compared with $359.4 million in the fourth quarter of 2018.
  • Reported EPS - Fully Diluted from Continuing Operations for the fourth quarter was $0.13, compared with $0.55 in the fourth quarter of 2018.
  • AFFO was $228.0 million for the fourth quarter compared with $193.8 million in the fourth quarter of 2018, an increase of 17.7%.

Headline financials

Total Revenue

$1.08B

Previous: $1.06B+1.8%
EPS (adj)

$0.31

Previous: $0.56-44.6%
Adjusted EBITDA

$386M

No prior period
AFFO

$228M

No prior period
Capital Expenditures

$159M

Previous: $130M+22.5%
Free Cash Flow

$159M

Previous: $181M-12.0%
Net Income

$37.1M

Previous: $158M-76.5%
Operating Income

$206M

Previous: $192M+7.4%
Gross Profit

$620M

Previous: $608M+2.0%
Cash & Equivalents

$194M

Previous: $165M+17.0%
Total Assets

$13.8B

Previous: $11.9B+16.5%
Stock-Based Comp

$7.51M

Previous: $7.82M-3.9%

Revenue & EPS history

Iron Mountain · Revenue · Quarterly

$1.08B

Q4 2019+1.8%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Iron Mountain · $1.08B total across 2 segments · Q4 2019

  • Storage Rental
    $676M
  • Service
    $404M

Forward guidance

Iron Mountain issued full-year 2020 guidance.

Tailwinds

  • Revenue $4,375 - $4,475
  • Adjusted EBITDA $1,520 - $1,570
  • Adjusted EPS $1.15 - $1.25
  • AFFO $930 - $960

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 Q4 2019

Historical avgQ4 2019

+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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