Iron Mountain Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents

Iron Mountain Inc Q1 2023 Earnings Call Summary

Iron Mountain Inc Q1 2023 Earnings Call Summary - Thomson StreetEvents
Iron Mountain Inc Q1 2023 Earnings Call Summary
Published May 04, 2023
15 pages (9476 words) — Published May 04, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of IRM.N earnings conference call or presentation 4-May-23 12:30pm GMT

  
Brief Excerpt:

...Another qtr. of record results, exceeding Co.'s expectations. 1. Performance reflects Co.'s: a. i. Resonance of expanded product portfolio. ii. Unmatched customer relationships. iii. Strength of dedicated team. 2. Reported Basis: Highest ever quarterly revenue of $1.31b. a. Yielding 7.5% total organic revenue growth. i. b. EBITDA $461m. 3. Continues to be encouraged by the increased demand for services across key markets, fueling aforementioned results and success of Project Matterhorn, enabling commercial teams to offer customers access to the widest range of solutions in Co.'s history. 4. Delivered organic storage rental revenue growth of 11%. 5. Drove high teens' organic growth in both Data Center and Digital Services businesses. 6. As Co. introduced last year with Project Matterhorn, its steady build out of new products and services and growth in these underlying markets continues to accelerate it on its growth trajectory path. B. Records Management: Won significant new business in...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Iron Mountain Inc
Ticker
IRM.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Alexander Eduard Maria Hess - JPMorgan Chase & Co, Research Division - Analyst : This is Alex Hess on for Andrew Steinerman. I wanted to ask briefly about the ITRenew callout. You highlighted that services revenue growth would have been 11% organic excluding ITRenew, which implies a pretty sharp deterioration quarter-on-quarter and year-on-year in that business, if my math is right. Could you maybe break that out into what degree that was driven by pricing versus ability to sell through into end markets, and any other dynamics that sort of give you confidence that that will eventually recover?

Table Of Contents

Iron Mountain Inc Q2 2023 Earnings Call Summary – 2023-08-03 – US$ 54.00 – Edited Brief of IRM.N earnings conference call or presentation 3-Aug-23 12:30pm GMT

Iron Mountain Inc Q2 2023 Earnings Call Transcript – 2023-08-03 – US$ 54.00 – Edited Transcript of IRM.N earnings conference call or presentation 3-Aug-23 12:30pm GMT

Iron Mountain Inc at Stifel Cross Sector Insight Conference Summary – 2023-06-06 – US$ 54.00 – Edited Brief of IRM.N presentation 6-Jun-23 12:00pm GMT

Iron Mountain Inc at Stifel Cross Sector Insight Conference Transcript – 2023-06-06 – US$ 54.00 – Edited Transcript of IRM.N presentation 6-Jun-23 12:00pm GMT

Iron Mountain Inc Q1 2023 Earnings Call Transcript – 2023-05-04 – US$ 54.00 – Edited Transcript of IRM.N earnings conference call or presentation 4-May-23 12:30pm GMT

Iron Mountain Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript – 2023-03-07 – US$ 54.00 – Edited Transcript of IRM.N presentation 7-Mar-23 4:35pm GMT

Iron Mountain Inc Q4 2022 Earnings Call Summary – 2023-02-23 – US$ 54.00 – Edited Brief of IRM.N earnings conference call or presentation 23-Feb-23 1:30pm GMT

Iron Mountain Inc Q4 2022 Earnings Call Transcript – 2023-02-23 – US$ 54.00 – Edited Transcript of IRM.N earnings conference call or presentation 23-Feb-23 1:30pm GMT

Iron Mountain Inc at Wells Fargo TMT Summit Transcript – 2022-11-29 – US$ 54.00 – Edited Transcript of IRM.N presentation 29-Nov-22 6:40pm GMT

Iron Mountain Inc at JPMorgan Ultimate Services Conference Transcript – 2022-11-17 – US$ 54.00 – Edited Transcript of IRM.N presentation 17-Nov-22 2:10pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Iron Mountain Inc Q1 2023 Earnings Call Summary" May 04, 2023. Alacra Store. May 13, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Iron-Mountain-Inc-Earnings-Call-B15551089>
  
APA:
Thomson StreetEvents. (2023). Iron Mountain Inc Q1 2023 Earnings Call Summary May 04, 2023. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2023-Iron-Mountain-Inc-Earnings-Call-B15551089>
  
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