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Iron Mountain Inc Lowers FY 2013 Guidance

Thursday, 1 Aug 2013 06:00am EDT 

Iron Mountain Inc updated its fiscal 2013 guidance primarily to reflect the impact from foreign currency exchange rate (FX) changes from the beginning of the year. These FX changes are estimated to reduce full-year revenues by approximately $40 million, or 1.3%. The Company also updated full-year interest expense and depreciation and amortization estimates, reflecting impacts from recently completed acquisitions. This guidance is based on current expectations and does not include the potential impact of any future acquisitions or divestitures (dollars in millions, except per share data). The Company now expects fiscal 2013 revenues to be in the range of $3.000 - $3.050 billon, adjusted OIBDA in the range of $900 - $925 million and adjusted earnings per share (EPS) in the range of $1.05 - $1.14. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of revenues of $3.048 billion and EPS of $1.17 for fiscal 2013. . 

Company Quote

26 May 2015