Boston, MA-based Iron Mountain Inc. (IRM Quick QuoteIRM - Free Report) is a leading provider of records management, data protection & recovery and information destruction services in more than 45 countries around the world. The company’s products cater to a diversified customer base that comprises commercial, legal, financial services, health care, entertainment, and government organizations. It is noteworthy that 95% of the Fortune 1000 companies are on Iron Mountain’s client list.

Zacks Rank: Currently, Iron Mountain has a Zacks Rank#3 (Hold) but that could change following its fourth-quarter 2016 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key details from the just-released announcement below:

Iron Mountain Incorporated Price

Iron Mountain Incorporated Price | Iron Mountain Incorporated Quote

Earnings: Iron Mountain reported normalized funds from operations (FFO) of 50 cents per share that beat the Zacks Consensus Estimate of 45 cents but decreased 12.3% year over year.

Revenue: Revenues of $934.2 million beat the Zacks Consensus Estimate of $930 million and improved 24.2% year over year.

Key Stats: In the quarter, adjusted EBITDA (operating income before depreciation and amortization) was $296.5 million compared with $237.7 million in the year-ago quarter.

Check back later for our full write up on this IRM earnings report later!

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