The following is a summary of the Iron Mountain Incorporated (IRM) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 2024 saw Iron Mountain achieving a record revenue of $1.6 billion, marking a 12% year-over-year increase.

• Adjusted EBITDA reached a new high of $568 million, up by 14% from the previous year.

• AFFO per share on a normalized basis increased by 10% to $1.12.

Business Progress:

• Iron Mountain launched the InSight Digital Experience (DXP), a SaaS based platform that generated 24 recurring revenue deals since its launch.

• The company successfully secured major contracts in its Records and Information Management business, including a seven-year contract with a large government department in Australia.

• Expansion in asset life cycle management capabilities was marked by strategic acquisitions like Wisetek and APCD, enhancing the company's geographic footprint and service offerings.

• Significant contracts in the data center business included a second deal for 2 megawatts in Virginia with a global tech company, and a 1.5 megawatt deal with a global fintech provider in Arizona.

Opportunities:

• The growing demand for digital transformation services and data center capabilities presents significant growth opportunities, as evidenced by the successful launch and uptake of the DXP platform and the new data center deals.

Risks:

• No explicit risks mentioned.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.