Iron Mountain sees FY16 revenue $3.36B-$3.47B Sees FY16 adjusted OIBDA $1.01B-$1.07B. Iron Mountain says emerging market M&A pipeline strong and execution "well underway." Iron Mountain says a large Records and Information Management market opportunity remains in North America. Iron Mountain sees increasing its regular dividend and distributing remaining E&P purge by year end, assuming 2014 REIT conversion. Iron Mountain expects capital expenditures for 2014-2016 to be consistent with 2013 levels. Long-term guidance and comments from investor day presentation.
News For IRM From The Last 14 Days
Check below for free stories on IRM the last two weeks.
Iron Mountain downgraded at RW Baird As previously reported, Baird downgraded Iron Mountain to Neutral from Outperform. The firm expects the REIT conversion will require significant capital commitments due to the high dividend, which will leave little capital for larger growth investments. Additionally, the analyst believe equity dilution risk is not fully appreciated. Price target lowered to $39 from $40.