Iron Mountain Incorporated (NYSE:IRM) reported strong first-quarter results for 2022, with funds from operations (FFO) of $0.91 per share, far exceeding the Zacks Consensus Estimate of $0.70. The company achieved revenues of $1.25 billion, a 15.3% year-on-year increase, and announced a quarterly dividend of $0.6185 per share. However, it exited the quarter with $195.7 million in cash, down from $255.8 million, which raises concerns about its liquidity even as it affirms full-year revenue guidance between $5,125 million and $5,275 million.
“Iron Mountain Incorporated (NYSE:IRM) · offers · data storage and information management services worldwide · true”
“Iron Mountain Incorporated (NYSE:IRM) · declared · a quarterly dividend of $0.6185 per share · on February 24”
“Iron Mountain Incorporated (NYSE:IRM) · has · a dividend yield of 4.36% · as of April 22”
“Iron Mountain · came out with quarterly funds from operations (FFO) of · $0.91 per share · beating the Zacks Consensus Estimate of $0.70 per share”
“Iron Mountain · posted revenues of · $1.25 billion · for the quarter ended March 2022”
“Iron Mountain · surpassed consensus FFO estimates · four times · over the last four quarters”
“Iron Mountain · has a Zacks Rank · #4 (Sell) · for the stock”
“Iron Mountain Incorporated · is set to release · first-quarter 2022 results · Apr 28 before the bell”
“Iron Mountain Incorporated · shares gained · 2.4% · better-than-anticipated first-quarter 2022 results”
“IRM · increased its projection for new leases · for 2022 · from 50 megawatts to 130 megawatts”
“Iron Mountain · exited the first quarter with · $195.7 million of cash and cash equivalents · down from $255.8 million”
“IRM · announced · its second-quarter common stock cash dividend · of 61.85 cents per share”