Iron Mountain reported Q3 2024 revenue of $1.56 billion, up 12.2% year-over-year, with Adjusted EBITDA increasing 13.6% to $568.1 million. Storage rental revenue grew 9.0% to $935.7 million, while service revenue jumped 17.4% to $621.7 million. The Global RIM Business segment saw 6.6% revenue growth, and the Global Data Center Business revenue rose 20.1%.Net loss for the quarter was $33.7 million, compared to a net income of $91.4 million in Q3 2023, primarily due to higher interest expenses and foreign currency transaction losses. The company's Adjusted EBITDA margin improved to 36.5% from 36.0% in the prior year period, driven by favorable overhead management and revenue growth.Iron Mountain reaffirmed its commitment to Project Matterhorn, expecting to incur approximately $150 million in annual costs from 2023 through 2025. The company's capital expenditures for the first nine months of 2024 totaled $1.17 billion, with expectations of reaching $1.75 billion for the full year. Iron Mountain also declared a quarterly dividend of $0.715 per share, payable on January 7, 2025.

Iron Mountain reported Q3 2024 revenue of $1.56 billion, up 12.2% year-over-year, with Adjusted EBITDA increasing 13.6% to $568.1 million. Storage rental revenue grew 9.0% to $935.7 million, while service revenue jumped 17.4% to $621.7 million. The Global RIM Business segment saw 6.6% revenue growth, and the Global Data Center Business revenue rose 20.1%.Net loss for the quarter was $33.7 million, compared to a net income of $91.4 million in Q3 2023, primarily due to higher interest expenses and foreign currency transaction losses. The company's Adjusted EBITDA margin improved to 36.5% from 36.0% in the prior year period, driven by favorable overhead management and revenue growth.Iron Mountain reaffirmed its commitment to Project Matterhorn, expecting to incur approximately $150 million in annual costs from 2023 through 2025. The company's capital expenditures for the first nine months of 2024 totaled $1.17 billion, with expectations of reaching $1.75 billion for the full year. Iron Mountain also declared a quarterly dividend of $0.715 per share, payable on January 7, 2025.