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Iron Mountain Inc Lowers High End Of Prior FY 2012 Revenue Guidance; Narrows FY 2012 OIBDA Guidance; Lowers High End Of Prior FY 2012 EPS Guidance To A Range Below Analysts' Estimates

Wednesday, 31 Oct 2012 06:00am EDT 

Iron Mountain Inc announced that it has reiterated the midpoint of its Adjusted OIBDA fiscal 2012 outlook while narrowing the range by $20 million and now expects Adjusted OIBDA of between $900 million and $920 million. This outlook also includes approximately $10 million of costs related to real estate transactions that will support increased network utilization, as well as severance costs related to select organization changes in the fourth quarter. The outlook for Adjusted EPS has been adjusted to reflect the changes to the Adjusted OIBDA range and higher interest expense. The Company has reduced the upper end of its revenue guidance range to reflect current business trends and expects revenues to grow 1% to 3% CAD over fiscal 2011 excluding an expected 1% negative impact of lower recycled paper revenues. The Company now expects revenues of between $2.990-$3.020 billion, adjusted OIBDA of $900-$920 and adjusted EPS of $1.20-$1.28. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.31; revenue of $3.012 billion and EBITDA of $915 million for fiscal 2012. 

Company Quote

-0.19 -0.53%
27 Aug 2014