Iron Mountain Inc.

Strong Q1 Performance: Iron Mountain reported record quarterly revenue of $1.6 billion for Q1 2025, representing an 8% year-over-year (YOY) growth, with adjusted EBITDA of $580 million, up 12% YOY. Revenue growth adjusted for foreign exchange was even stronger at 9%, while adjusted EBITDA grew by 13%, indicating operational strength across business units.

Segment Growth and Adjustments: All major business segments, including records management, digital solutions, and asset lifecycle management (ALM), saw significant growth, with ALM experiencing a remarkable 44% revenue growth YOY. The company's success in cross-selling its solutions is driving sustainable double-digit growth, supported by a strong customer satisfaction ranking.

Revenue Guidance Increase: Iron Mountain has raised its full-year revenue guidance for 2025 to a range of $6.74 billion to $6.89 billion (up by $90 million from prior guidance). Adjusted EBITDA guidance is also raised to $2.505 billion to $2.555 billion, showing confidence in continued operational performance and effective revenue management.