Iron Mountain’s 5.77% Drop Masks 162% Volume Surge to 246th Rank Amid Record Revenue Growth

On August 6, 2025, Iron Mountain (NYSE: IRM) closed at a 5.77% decline, with a trading volume of $0.46 billion, marking a 162.02% surge from the previous day’s volume and ranking 246th in market activity. The company reported record second-quarter revenue of $1.7 billion, a 11.6% year-over-year increase, driven by a 9.2% rise in storage rental revenue and a 13.7% growth in service revenue. Despite a $43 million net loss due to foreign exchange impacts on intercompany balances, adjusted EBITDA hit $628 million, a 15.4% year-over-year rise, while AFFO reached $370 million, or $1.24 per share, up 15.2% from the prior year.

Iron Mountain’s data center, digital, and asset lifecycle management (ALM) segments collectively grew over 30%, outpacing broader market trends. The firm raised 2025 guidance for total revenue ($6.79–$6.94 billion), adjusted EBITDA ($2.52–$2.57 billion), and AFFO ($1.505–$1.530 billion), reflecting confidence in sustained operational performance. CEO William L. Meaney highlighted the synergistic business model’s role in driving growth, with strong momentum expected to continue in both physical records storage and high-growth digital segments. However, the net loss and elevated interest expenses ($205.1 million) underscored the challenges posed by currency fluctuations and debt servicing costs.

The company announced a quarterly dividend of $0.785 per share, payable on October 3, 2025, maintaining its commitment to shareholder returns. While liquidity improved slightly, with cash reserves rising to $218 million, net debt increased to $15.48 billion, reflecting ongoing capital allocation priorities. The revised guidance and robust AFFO performance suggest management’s focus on leveraging core operations to offset external pressures, though risks related to exchange rates, customer demand shifts, and geopolitical uncertainties remain.

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