Today, Iron Mountain reported record financial results, delivering our highest ever quarterly revenue of $1.48 billion and first quarter EBITDA of $519 million. Our team delivered 12% revenue growth and 13% growth in EBITDA year on year. We exceeded the expectations we shared on our last call across all of our key financial metrics: Revenue, EBITDA, AFFO and AFFO per share.
In the first quarter, we delivered our best organic service revenue growth rate since 2022, accelerating to 10% year-over-year. Our data center and digital solutions businesses delivered strong organic growth, and our asset lifecycle management (ALM) business was up 25% year on year on an organic basis.
Within our ALM business, Regency Technologies performed exceptionally well and ahead of our expectations. While we are only one quarter into the integration of Regency, we are very pleased with the acquisition and are already seeing more benefit than planned in terms of cross-selling, increased capabilities, and improved operational efficiencies.
Our Project Matterhorn initiatives continue to drive considerable growth, particularly so in cross-selling. I would like to thank all of our Mountaineers for their continued focus to serve our customers.
Full results are available at the link below….
#ironmountain #team #datacenter #growth
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Director - Business Development - Data and Technology @ Acuity Knowledge Partners. Leader harnessing Sales,Growth, Transformation and InnovationStanford Graduate School of Business/6 Sigma / LEAN / Agile
2moCongrats Josh, Greg and the Iron Mountain team