Iron Mountain reports international growth
Boston-based Iron Mountain, which has operations in Northborough and Southborough, reported first-quarter revenue of $770 million, up from $747 million in the first quarter of 2013.
The company attributed a significant amount of its gains from internal storage revenue internationally, where it has invested heavily over the year.
“Since the beginning of 2014, the company has invested more than $60 million in five international storage related businesses and acquired the records inventory of five document storage companies in the United States for an additional $5 million,” President and CEO William L. Meaney said in a statement. “These transactions are consistent with our plan to extend our market leadership, support long-term growth and solid returns, and capture a significant amount of un-vended records storage.”
Additionally, the company said gross profits for the quarter were $435 million, a bump of 2.1 percent from the first quarter of 2013, and adjusted earnings per share was 26 cents, down a penny from 2013.
WBJ Web Partners
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