Iron Mountain (IRM) Misses Q4 EPS by 1c

Iron Mountain (NYSE: IRM) reported Q4 EPS of $0.26, $0.01 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $934 million versus the consensus estimate of $938.23 million.

• FFO (Normalized) per share was $0.50 for the fourth quarter compared with $0.57 in 2015. On a full year basis, FFO (Normalized) per share was $1.92 compared with $2.10 in 2015.
• AFFO was $164 million for the fourth quarter compared with $126 million in 2015. AFFO was $648 million compared with $530 million in 2015.

Guidance

The company updated its 2017 guidance to reflect 2017 constant dollar budget rates. The Company expects, on constant dollar basis, Revenue growth of 8% to 10%, Adjusted EBITDA growth of 16% to 19% and AFFO growth of 8% to 15% for full year 2017. Guidance details are available on Page 7 of supplemental financial information.

For earnings history and earnings-related data on Iron Mountain (IRM) click here.

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