Iron Mountain Posts Figures for Quarter

Iron Mountain Inc. reported higher revenues and operating income for the quarter ended June 30, 2004.

Iron Mountain's total consolidated revenues for the quarter grew to $445 million, an increase of 24 percent, compared with figures the same time last year. For the quarter, storage revenues grew 22 percent and service revenues grew 26 percent compared to the prior year.

For the second quarter, the storage and service revenue internal growth rates were 9 percent and 4 percent, respectively, yielding a total internal revenue growth rate of 7 percent.

Core services, led by Secure Shredding, grew at a rate of 7 percent, compared to 2003 and complementary services were roughly flat to last year's levels due primarily to the absence of large special projects and lower product sales.

For the first six months the company reported total consolidated revenues of $879 million, an increase of 24 percent with storage revenues growing at 22 percent and service revenues growing at 25 percent compared to the prior year.