Expense Pressures Eat Into Margins, Setting Up a More Difficult 2019 for Iron Mountain
Narrow-moat-rated Iron Mountain had a more difficult quarter to start out 2019. Total revenue was okay, up 1.1% on a reported basis despite more exchange rate headwinds and with underlying organic growth of 1.9%. The bad news came from expenses, as they were up 2%, largely coming from pressure within the cost of sales line item. This led to deteriorating EBITDA margins, down to 30.8% from 32.9%, and an overall decline in operating income, down nearly 4%. Adjusted earnings per share came in at $0...Iron Mountain is a holding company. Through its subsidiaries, the company stores physical records and data backup media, providing information management solutions, and providing data center space for colocation and hyperscale deployments. The company's segments are: Global Records and Information Management Business, which provides records management, data management, information governance and digital solutions, secure shredding, and consumer storage; Global Data Center Business, which provides data center facilities; and Corporate and Other Business, which provides entertainment and media that helps industry clients store, safeguard and deliver physical media of various types.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.