IRM Q1 2024 Earnings — Iron Mountain Incorporated Revenue & Financial Results | Market Cap Arena

IRMIron Mountain Incorporated

$32B

Q1 2024 Earnings

Real Estate REIT - Specialty

Income Statement

Revenue

$1.5B+12.4% YoY

Gross Profit

$824M55.8% margin

Operating Income

$246M16.6% margin

Net Income

$74M5.0% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

+4.0%

Cash Flow

Operating Cash Flow

$130M

Free Cash Flow

-$253M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$17.8B

Total Liabilities

$17.6B

Stockholders' Equity

$19M

Cash & Equivalents

$192M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.5B	$1.3B	+12.4%
Gross Profit	$824M	$743M	+10.9%
Operating Income	$246M	$241M	+2.1%
Net Income	$74M	$65M	+14.7%

Revenue Segments

Records Management

$976M66%

Information Destruction

$225M15%

Data Center

$144M10%

Data Management

$132M9%