$IRM (Iron Mountain Incorporated)

$IRM {{ '2016-02-25T14:17:12+0000' | timeago}} • Webcast

Off-site records management provider $IRM said that on a standalone basis, the continuous strong and durable cash of the base business coupled with the transformation program will allow the company to increase the dividend per share by 15% between 2015 and 2018, whilst reducing leverage by 0.4 of a turn. $IRM's 2015 year-end payout ratio was 78%.

$IRM {{ '2017-05-24T20:45:27+0000' | timeago}} • Announcement

$IRM's BoD declared 2Q17 cash dividend of $0.55 per share on the common stock and Chess Depository Interests (CDIs), to shareholders of record on June 15, 2017. The payable date for NYSE listed common stockholders is July 3, 2017, and the payable date for ASX listed CDIs is on July 14, 2017.

$IRM {{ '2017-05-18T15:31:46+0000' | timeago}} • Announcement

$IRM priced an offering by way of private placement of EUR300MM of its 3.00% Euro Senior Notes due 2025. Proceeds from the offering of the Notes are expected to be used to repay outstanding borrowings under the company's revolving credit facility.

$IRM {{ '2017-05-16T11:32:40+0000' | timeago}} • Announcement

$IRM announced an offering by way of private placement of EUR300MM of Euro Senior Notes due 2025. Proceeds from the offering of the notes are expected to be used to repay outstanding borrowings under the company's revolving credit facility.

$IRM {{ '2017-04-27T10:50:20+0000' | timeago}} • Announcement

$IRM still expects 2017 revenue growth of 8-10% on constant dollar basis, to $3.75-3.84Bil, adjusted EBITDA growth of 16-19% to $1.25-1.28Bil and adjusted FFO growth of 8-15% to $715-760MM. The company still predicts adjusted EPS of $1.15-1.25, which reflects a 8-18% growth year-over-year.

$IRM {{ '2017-04-27T10:50:05+0000' | timeago}} • Announcement

$IRM posted normalized funds from operations per share of $0.48, compared with $0.53 in the previous year quarter. FFO per share reflects a structural tax rate of 23.1% compared with a structural tax rate of 14% in 1Q16. The company reported adjusted FFO of $170.94MM during the quarter compared with $167.57MM in 1Q16.

$IRM {{ '2017-04-27T10:49:50+0000' | timeago}} • Announcement

$IRM reported a 7.4% decline in 1Q17 earnings due to higher interest expenses as well as a rise in depreciation and amortization expenses from Recall acquisition. Net income fell to $58.13MM or $0.22 per share from $62.77MM or $0.30 per share last year. Revenue grew 25.1% to $938.88MM. Adjusted EPS decreased to $0.24 from $0.33.

$IRM {{ '2017-02-23T12:41:24+0000' | timeago}} • Announcement

$IRM updated its FY17 guidance. The company expects revenue growth to be about 8-10%, on constant dollar basis. $IRM expects AFFO growth to be 8-15% for FY17.

$IRM {{ '2017-02-23T12:39:34+0000' | timeago}} • Announcement

$IRM 4Q16 FFO per share was $0.50, compared with $0.57 in 4Q15. The company reported AFFO of $164MM during the quarter compared with $126MM in 4Q15.

$IRM {{ '2017-02-23T12:37:31+0000' | timeago}} • Announcement

Storage services provider $IRM 4Q16 net income jumped to $50MM, or $0.19 per share, compared with $6MM, or $0.03 per share during 4Q15. Revenue rose 24.2% YoY to $934MM, from $752MM. Excluding items, $IRM earned $0.26 per share during the quarter.

$IRM {{ '2017-02-16T14:46:59+0000' | timeago}} • Announcement

$IRM's BoD declared a 1Q17 cash dividend of $0.55 per share on the common stock and Chess Depository Interests (CDIs) of the company, with a record date of March 15, 2017. The payable date for NYSE listed common stock holders is April 3, 2017, and the payable date for ASX listed CDIs is on April 18, 2017.

$IRM {{ '2017-02-08T14:58:03+0000' | timeago}} • Announcement

$IRM announced Fidelma Russo as its Chief Technology Officer. Ms. Russo will officially join the company in mid-March after leaving Dell EMC, where she served as senior vice president and general manager. She will report directly to President and CEO William L. Meaney.

$IRM {{ '2017-01-25T14:19:14+0000' | timeago}} • Announcement

Renewable Power Direct (RPD) signed $IRM to a new power supply agreement to fulfill a portion of the electrical load for $IRM's Texas operations. The power will be sourced from NextEra Energy and its Blue Summit wind farm outside of Vernon, Texas.

$IRM {{ '2017-01-04T17:13:33+0000' | timeago}} • Announcement

Crozier Fine Arts, an $IRM company, acquired Cirkers Williamsburg. With the purchase, Crozier will acquires all of Cirkers' customers and its state-of-the-art 35,000 square foot art storage facility in Brooklyn, NY. Financial terms of the deal were not disclosed.

$IRM {{ '2016-12-09T18:29:40+0000' | timeago}} • Announcement

$IRM received approval from UK’s Competition and Markets Authority (CMA) to sell C21 Data Services Ltd, a legacy Recall asset, to Oasis Group. The total consideration was immaterial and in line with original expectations. The transaction closed on December 9, 2016.

$IRM {{ '2016-11-22T15:54:54+0000' | timeago}} • Announcement

$IRM said Tasos Tsolakis will leave the company March 31, 2017, to pursue other interests and will work until then to see that his responsibilities as EVP, Chief Information & Global Services Officer are smoothly transitioned. Tsolakis'  IT responsibilities will be handed over to a newly created EVP and CTO role.

$IRM {{ '2016-11-22T15:53:03+0000' | timeago}} • Announcement

$IRM said Deborah Marson will become EVP, General Counsel and Secretary effective Dec. 1, 2016, with overall responsibility for the company’s legal functions. This includes commercial contracts, compliance, corporate and securities, employment and labor, ethics, litigation, and mergers and acquisitions.

$IRM {{ '2016-11-22T15:51:37+0000' | timeago}} • Announcement

$IRM appointed Ernest Cloutier as EVP and General Manager, Emerging Markets effective April 1, 2017. Cloutier will succeed Marc Duale, who has served as $IRM's President, International for 8 years. Duale will remain with $IRM in advisory role to transition emerging market responsibilities to Cloutier and to advise on future growth initiatives.

$IRM {{ '2016-11-01T20:03:04+0000' | timeago}} • Webcast

$IRM expects its largest service segment revenue for 2016 to be flat based on its current pipeline. For 2017, the company is eyeing a "slight improvement" in 2017 based on expected demand. On a conference call with analysts, $IRM said it will give a detailed 2017 outlook in February.

$IRM {{ '2016-11-01T14:24:46+0000' | timeago}} • Announcement

$IRM expects 2017 revenue of $3.75-3.87Bil, representing a 6-12% YoverY growth. The company projects adjusted EPS of $1.15-1.35, normalized FFO of $555-620MM, and normalized FFO per share of $2.10-2.35. $IRM predicts adjusted FFO of $675-735MM.

$IRM {{ '2016-11-01T14:22:24+0000' | timeago}} • Announcement

$IRM still expects 2016 revenue of $3.45-3.55Bil on constant currency basis. $IRM still sees 2016 adjusted EPS of $1.10-1.20, and adjusted FFO of $610-650MM. $IRM cut normalized FFO forecast to $450-470MM from $530-555MM and normalized FFO per share estimate to $1.82-1.90 from $2.15-2.25.

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