Iron Mountain Reports Second Quarter 2020 Results
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Iron Mountain (IRM) Tops Q2 EPS by 9c, Revenues Beat
August 6, 2020 6:21 AM EDTIron Mountain (NYSE: IRM) reported Q2 EPS of $0.22, $0.09 better than the analyst estimate of $0.13. Revenue for the quarter came in at $982.2 million versus the consensus estimate of $933.06 million.
Financial Performance Highlights for the Second Quarter and Year-to-Date 2020
Total reported Revenues for the second quarter were $982.2 million, compared with $1.1 billion in the second quarter of 2019, a decline of 7.9%. Excluding the impact of foreign exchange (FX), total reported Revenues declined 5.6% compared to the prior year, driven by a 21.3% decline in Service revenue, partially offset by a 3.7% increase in Storage revenue. Year to date, total... More