Iron Mountain delivered strong Q3 2024 results with total revenue reaching $1.6 billion, up 12.2% YoY, driven by 9% growth in storage rental revenue and 17.4% increase in service revenue. Adjusted EBITDA rose 13.6% to $568.1 million with margin expanding to 36.5%. However, net income declined to -$33.7 million due to unfavorable foreign exchange impacts.The company demonstrated robust operational execution with record levels of Revenue, Adjusted EBITDA and AFFO. AFFO increased 10.2% to $332 million or $1.13 per share. The Board declared a quarterly dividend of $0.715 per share, payable on January 7, 2025.Management affirmed full year 2024 guidance and indicated performance tracking toward the high end of ranges, with total revenue expected between $6.0-6.15 billion and AFFO projected at $1.3-1.335 billion. The company's Project Matterhorn operating model continues driving enhanced customer solutions and accelerated growth objectives.

Iron Mountain delivered strong Q3 2024 results with total revenue reaching $1.6 billion, up 12.2% YoY, driven by 9% growth in storage rental revenue and 17.4% increase in service revenue. Adjusted EBITDA rose 13.6% to $568.1 million with margin expanding to 36.5%. However, net income declined to -$33.7 million due to unfavorable foreign exchange impacts.The company demonstrated robust operational execution with record levels of Revenue, Adjusted EBITDA and AFFO. AFFO increased 10.2% to $332 million or $1.13 per share. The Board declared a quarterly dividend of $0.715 per share, payable on January 7, 2025.Management affirmed full year 2024 guidance and indicated performance tracking toward the high end of ranges, with total revenue expected between $6.0-6.15 billion and AFFO projected at $1.3-1.335 billion. The company's Project Matterhorn operating model continues driving enhanced customer solutions and accelerated growth objectives.