IRM Earnings Prediction
The chart below shows how IRM performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IRM sees a -2.00% change in stock price 10 days leading up to the earnings, and a +3.14% change 10 days following the report. On the earnings day itself, the stock moves by +0.74%. This data can give you a slight idea of what to expect for the next quarter's release.
IRM Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.58B
11.37%
1.54%
Gross Margin
41.60%
-4.52%
0.17%
Operating Margin
20.52%
-4.02%
4.85%
Net Margin
6.68%
224.27%
-409.26%
EPS
0.35
250.00%
-418.18%
No Data Available
IRM Earnings Analysis
Iron Mountain Inc Corporation (IRM.N) Earnings Conference Call
Positive
Strong Revenue Growth: Revenue increased 12% to $6.1 billion for the full year 2024, with fourth quarter revenue up 11% to $1.58 billion, reflecting strong demand across all business segments.
Record Adjusted EBITDA Growth: Adjusted EBITDA grew 14% to $2.24 billion for the full year, achieving a record margin of 38.3% in the fourth quarter, up 130 basis points year-over-year.
AFFO Growth Exceeds Projections: AFFO increased 11% to $1.3 billion for the full year, with fourth quarter AFFO up 12% to $368 million, exceeding prior projections.
Data Center Revenue Surge: Data center revenue surged 25% to $620 million for the full year, with fourth quarter revenue up 24% to $170 million, driven by strong organic growth and high leasing activity.
Dividend Increase Announcement: The Board of Directors approved a 10% increase in the quarterly dividend, marking the third consecutive year of dividend growth, reflecting confidence in future performance.
Negative
Organic Storage Revenue Decline: Operating Data: Organic storage revenue growth was down sequentially in Q4 due to a strong dollar, resulting in a $10 million headwind, impacting overall revenue performance.
Customer Churn Concerns: Customer Growth: Churn in the data center business was reported at 4.4% in Q4, attributed to long-term clients moving to cloud solutions, indicating potential instability in customer retention.
Q4 Revenue Performance: Financial Results: Q4 revenue came in at $1,580,000,000, which was $19,000,000 lower than the guidance of $1,600,000,000, primarily due to FX impacts and a decline in the consumer storage business.
Capital Expenditures Impact: Cost Management: Capital expenditures in Q4 were $721,000,000, with a significant portion allocated to growth, indicating a heavy investment burden that may affect future cash flow.
Leasing Opportunity Missed: Negative Corporate Actions: The company passed on a significant leasing opportunity in Q4 due to unfavorable pricing, which may limit short-term revenue growth despite a strong pipeline.
IRM FAQs
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IRM Earning Call Sentiment
Earnings call transcript: Iron Mountain Q4 2024 misses EPS forecast, stock dips
IRM.N
-1.46%Positive
The earnings call presents a positive outlook with strong financial performance, including record revenue growth and increased dividends. Despite some risks like regulatory challenges and competitive pressures, the company's commitment to shareholder returns and optimistic guidance in the ALM business are reassuring. The Q&A section reveals management's strategic focus on volume-driven growth and revenue management, which aligns with positive market trends. Overall, the positive financial results and shareholder-friendly actions outweigh potential risks, suggesting a positive stock price movement.
