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Iron Mountain Inc  (IRM)
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Profitable again


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Iron Mountain Inc announced second quarter 2017 operating income of $170.194 millions, company expects fiscal year eps at $ 1.23 per share and Sales at $3,090 millions



Sales growth of 7.47 % year on year to $950 millions in the second quarter 2017 helped company to reach profitability again and post earnings per share of $0.30.

In contrast to the first quarter 2017 Sales increased by 1.16 % from $939 millions and earnings grew by 36.36 % from $0.22 per share.
Only one section improved , while following segments recorded decrease in revenues North American Records and Information 0%, International Physical 0%, North American Data 0%.
Broad-based income growth in North American Records and Information, International Physical, North American Data segment, turn Iron Mountain Inc into profitability. Second quarter net income was $81 millions, an improvement versus a net loss of $-13 millions in the same quarter a year ago. Iron Mountain Inc also emphasized it's improving profit margins, where net margin rose to 8.54% in second quarter 2017, and operating margin edged up to 17.92%. Iron Mountain Inc provided annual earnings per share guidance between $1.15 and $ 1.30, while on the sales side company expects to achieve revenues between $3,030 millions and $3,150 millions.


Iron Mountain Inc is expected to report next financial results on October 27, 2017.
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Iron Mountain Inc reported first quarter 2017 earnings

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