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IRM Iron Mountain

Iron Mountain, Inc. engages in the provision of storage and information management solutions. It operates through the following business segments: North American Records & Information Management Business, North American Data Management Business, Western European Business, Other International Business, Global Data Center Business and Corporate & Other Business. The North American Records & Information Management Business segment offers record management, destruction, and fulfilment services throughout U.S. and Canada. The North American Data Management Business segment handles data protection and recovery, server and computer backup services, and safeguarding of electronic and physical media in U.S. and Canada. The Western European Business segment offers records management, data protection and recovery services, and document management solutions throughout the United Kingdom, Ireland, Austria, Belgium, France, Germany, Netherlands, Spain, and Switzerland. The Other International Business segment offers storage and information management services throughout the remaining European countries, Latin America, the Middle East and Africa. The Global Data Center Business segment provides data center facilities to protect mission-critical assets and ensure the continued operation of its customers IT infrastructures, with secure and reliable colocation and wholesale options. The Corporate & Other Business segment consists of the storage, safeguarding and electronic or physical deliveries of physical media of all types and digital content repository systems to house, distribute, and archive key media assets, primarily for entertainment and media industry clients. The company was founded by Herman Knaust in 1951 and is headquartered in Boston, MA.

Company profile

Ticker
IRM
Exchange
CEO
William Leo Meaney
Employees
Incorporated
Location
Fiscal year end
Former names
IRON MOUNTAIN INC/PA, PIERCE LEAHY CORP
SEC CIK
IRS number
232588479

IRM stock data

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Calendar

6 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 138.94M 138.94M 138.94M 138.94M 138.94M 138.94M
Cash burn (monthly) 22.04M 1.15M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 85.61M 4.45M n/a n/a n/a n/a
Cash remaining 53.34M 134.5M n/a n/a n/a n/a
Runway (months of cash) 2.4 117.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Jul 21 Deborah Marson Common Stock, par value $.01 per share Sell Dispose S No Yes 44 600 26.4K 42,057
14 Jul 21 Simons Doyle Phantom Stock Common Stock Grant Aquire A No No 44.0055 582.056 25.61K 20,238.467
6 Jul 21 Bailey Clark H Phantom Stock Common Stock Grant Aquire A No No 42.507 999.675 42.49K 64,518.63
6 Jul 21 Alfred J Verrecchia Phantom Stock Common Stock Grant Aquire A No No 42.507 921.682 39.18K 64,265.29
6 Jul 21 Matlock Robin Phantom Stock Common Stock Grant Aquire A No No 42.507 59.511 2.53K 4,149.443

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

75.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 605 595 +1.7%
Opened positions 81 106 -23.6%
Closed positions 71 79 -10.1%
Increased positions 237 224 +5.8%
Reduced positions 201 180 +11.7%
13F shares
Current Prev Q Change
Total value 8.09B 6.65B +21.7%
Total shares 218.45M 225.3M -3.0%
Total puts 2.56M 1.03M +149.6%
Total calls 2.35M 1.84M +27.4%
Total put/call ratio 1.1 0.6 +95.9%
Largest owners
Shares Value Change
Vanguard 48.62M $1.8B +0.5%
Capital World Investors 32.67M $1.21B +12.2%
BLK Blackrock 22.88M $846.63M +1.3%
STT State Street 12.62M $474.59M -1.0%
Geode Capital Management 6.03M $223.39M +1.6%
FMR 5.21M $192.77M -30.9%
IVZ Invesco 4.82M $178.51M +3.1%
Dimensional Fund Advisors 4.25M $157.36M -0.4%
NTRS Northern Trust 3.72M $137.75M +3.0%
Charles Schwab Investment Management 3.27M $120.9M +2.9%
Largest transactions
Shares Bought/sold Change
Capital World Investors 32.67M +3.56M +12.2%
Norges Bank 0 -2.95M EXIT
FMR 5.21M -2.33M -30.9%
Amundi Pioneer Asset Management 2.7M +1.84M +213.5%
PUKPF Prudential 320.48K -1.49M -82.3%
American Century Companies 1.83M +1.24M +210.7%
Nordea Investment Management Ab 885.57K -1.18M -57.2%
Raymond James & Associates 788.63K -961.03K -54.9%
River Road Asset Management 388.51K -599.02K -60.7%
CNS Cohen & Steers 13.86K -566.22K -97.6%

Financial report summary

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Competition
Exela
Management Discussion
  • ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • We have made statements in this Quarterly Report on Form 10-Q (this “Quarterly Report”) that constitute “forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements concern our operations, economic performance, financial condition, goals, beliefs, future growth strategies, investment objectives, plans and current expectations, such as our (1) expectations and assumptions regarding the impact of the COVID-19 (as defined below) pandemic on us and our customers, including on our businesses, financial position, results of operations and cash flows, (2) commitment to future dividend payments, (3) expected change in volume of records stored with us, (4) expected organic revenue growth, including 2021 consolidated organic storage rental revenue growth rate and consolidated organic total revenue growth rate, (5) expectations that profits will increase in our growth portfolio, including our higher-growth markets, and that our growth portfolio will become a larger part of our business over time, (6) expectations related to our revenue management programs and continuous improvement initiatives, (7) expectations related to monetizing our owned industrial real estate assets as part of our capital recycling program, (8) expected ability to identify and complete acquisitions and other investments, including joint ventures, and drive returns on invested capital, (9) anticipated capital expenditures, (10) expected benefits, costs and actions related to, and timing of, Project Summit (as defined below), and (11) other forward-looking statements related to our business, results of operations and financial condition. These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors, and you should not rely upon them except as statements of our present intentions and of our present expectations, which may or may not occur. When we use words such as “believes,” “expects,” “anticipates,” “estimates”, “plans", “intends" or similar expressions, we are making forward-looking statements. Although we believe that our forward-looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. In addition, important factors that could cause actual results to differ from expectations include, among others:
  • Part I. Financial Information
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