Iron Mountain

Technology cybersecurity data center data management data storage

Iron Mountain is a provider of storage and information management services. The Company stores records, primarily physical records and data backup media, and provides information management services that help organizations around the world protect their information, lower storage rental costs, comply with regulations, enable corporate disaster recovery, and better use their information for business advantages, regardless of its format, location or life cycle stage.

Revenue(FY, 2017)

$3.8 B

Market capitalization(2018-06-14)

$9.7 B

Customers(FY, 2017)

225 K

Type

Public

Boston, US

Founded

1951

Size (employees)

24,000 (est)

Website

ironmountain.com

Iron Mountain was founded in 1951 and is headquartered in Boston, US

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Key People/Management at Iron Mountain

William Meaney

President & CEO

Ted MacLean

Chief Marketing Officer

Patrick Keddy

Executive Vice President and General Manager, North America and Western Europe

Deborah Marson

Executive Vice President, General Counsel and Secretary

Jack Faer

Chief Risk & Security Officer

Deirdre Evens

Chief of Operations

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Iron Mountain Office Locations

Iron Mountain has an office in Boston

Boston, US (HQ)

1 Federal St

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Iron Mountain Financials and Metrics

Iron Mountain Financials

Iron Mountain's revenue was reported to be $3.85 b in FY, 2017 which is a 9.5% increase from the previous period.

Summary

USD
Revenue (Q1, 2018)	1 b
Gross profit (Q1, 2018)	593.7 m
Gross profit margin (Q1, 2018), %	57%
Net income (Q1, 2018)	45.2 m
EBIT (Q1, 2018)	164.6 m
Market capitalization (14-Jun-2018)	9.7 b
Closing share price (14-Jun-2018)	34
Cash (31-Mar-2018)	442.5 m
EV	17.4 b

Iron Mountain's current market capitalization is $9.7 b.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	3.1 b	3 b	3.5 b	3.8 b
Revenue growth, %	3%	(4%)	17%	10%
Cost of goods sold	1.3 b	1.3 b	1.6 b	1.7 b
Gross profit	1.8 b	1.7 b	1.9 b	2.2 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Revenue	749.3 m	759.7 m	746.5 m	750.7 m	883.7 m	942.8 m	938.9 m	949.8 m	965.7 m	1 b
Cost of goods sold	321.7 m	326.3 m	317.7 m	326.1 m	395.6 m	429.8 m	426.7 m	414.3 m	418.3 m	448.7 m
Gross profit	427.6 m	433.5 m	428.9 m	424.6 m	488.1 m	513 m	512.2 m	535.5 m	547.3 m	593.7 m
Gross profit Margin, %	57%	57%	57%	57%	55%	54%	55%	56%	57%	57%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	125.9 m	128.4 m	236.5 m	925.7 m
Accounts Receivable	604.3 m	564.4 m	691.2 m	835.7 m
Current Assets	917.7 m	857.9 m	1.1 b	2 b
PP&E	2.6 b	2.5 b	3.1 b	3.4 b

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Cash	119.6 m	117.1 m	492.9 m	117.9 m	237 m	458.1 m	295.6 m	291 m	337.9 m	442.5 m
Accounts Receivable	590 m	596.3 m	573.9 m	574.7 m	710.5 m	700.2 m	721 m	730.4 m	784.9 m	859.1 m
Current Assets	887.5 m	874.7 m	1.2 b	831.9 m	1.3 b	1.5 b	1.2 b	1.2 b	1.3 b	1.5 b
PP&E	2.5 b	2.5 b	2.4 b	2.5 b	3.2 b	3.2 b	3.1 b	5.8 b	6.1 b	4.4 b

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Cash Flow

Annual

USD	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	328.7 m	125.2 m	107.2 m	185.4 m
Depreciation and Amortization	361.2 m	354.7 m	465.5 m	537.3 m
Accounts Payable	16.9 m	18 m	(50.7 m)	34.9 m
Cash From Operating Activities	472.9 m	541.8 m	543.9 m	721 m

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017	Q1, 2018
Net Income	41.7 m	95.7 m	119.3 m	63 m	49.9 m	57.7 m	58.5 m	139.6 m	164 m	45.2 m
Depreciation and Amortization	74.8 m	151 m	226.5 m	75.4 m	168.9 m	267.3 m	99.6 m	260.7 m	393.2 m	164.1 m
Accounts Payable	(18 m)	(22.8 m)	(24 m)	(30.9 m)	(39.4 m)	(39.1 m)	5.9 m	(6 m)	16 m	(1.4 m)
Cash From Operating Activities	5.5 m	179.7 m	320.1 m	81.1 m	206.8 m	422.6 m	121.8 m	319.7 m	518.9 m

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Ratios

USD	Y, 2018
EV/EBIT	105.9 x
Financial Leverage	5.3 x

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Iron Mountain Operating Metrics

Iron Mountain's Customers was reported to be 225 k in FY, 2017.

	FY, 2014	FY, 2015	FY, 2016	Sep, 2017	Q3, 2017	FY, 2017
Facilities	1.10 k	1.10 k	1.40 k	1.41 k	1.40 k	1.40 k
Vehicle Fleet	3.60 k	3.70 k	4.50 k			4.70 k
Customers	155 k	170 k	230 k		230 k	225 k
Countries	36	37	45	52	53	53

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Iron Mountain Acquisitions / Subsidiaries

Acquired Company	Date	Deal Size
IO.com	December 12, 2017	$1.30 b
Fortrust	July 28, 2017	$128 m
Santa Fe Group	August 02, 2016	$30.20 m
Docufile (Pty) Ltd	April 21, 2016
Crozier Fine Arts	October 14, 2015
Recall Holdings	April 28, 2015	$2.60 b
Box Butler	January 01, 2015
Cornerstone Records Management	October 18, 2013
Mimosa Systems	February 22, 2010	$112 m
DocuVault	May 31, 2008

Iron Mountain Revenue Breakdown

Business Segment

Embed Graph

Iron Mountain revenue breakdown by business segment: 16.0% from Western European Business, 12.8% from North American Data Management Business, 65.3% from North American Records and Information Management Business and 5.9% from Other

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