Iron Mountain Incorporated Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 22, 2024 at 06:45 am EST
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Iron Mountain Incorporated reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 871.14 million compared to USD 769.46 million a year ago. Revenue was USD 1,419.83 million compared to USD 1,279.05 million a year ago. Net income was USD 28.48 million compared to USD 122.44 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.42 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.42 a year ago.
For the full year, sales was USD 3,370.65 million compared to USD 3,034.02 million a year ago. Revenue was USD 5,480.29 million compared to USD 5,103.57 million a year ago. Net income was USD 184.23 million compared to USD 556.98 million a year ago. Basic earnings per share from continuing operations was USD 0.63 compared to USD 1.92 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 1.9 a year ago.
Iron Mountain Inc is engaged in a physical ecosystem supporting information storage and retrieval for businesses which rely on paper documents or computer tapes to store their valuable information. The Companyâs segments include Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment includes various offerings, including records management, data management, global digital solutions, secure shredding, secure shredding, and consumer storage. The Global Data Center Business segment provides data center facilities and the capacity to protect mission-critical assets and ensure the continued operation of its customersâ information technology (IT) infrastructure with data center options. The Company also offers IT asset disposition customer solutions. It serves industries, such as commercial, legal, financial, healthcare, insurance, life sciences, energy, business services, entertainment and government organizations.