Iron Mountain Updates 2015 Reported Revenue Outlook - Quick Facts

(RTTNews) - Iron Mountain Incorporated (IRM) said, for 2015, the company's outlook is tracking within its most recently issued constant Dollar guidance ranges; however, the company has reduced and narrowed its Reported Dollar ranges for Revenue and Adjusted OIBDA to reflect the impact of foreign currency translation, and reduced expectations for non-real estate investment.

For 2015, the company now expects: reported revenue to be at the lower end of original range of $3.03 billion to $3.15 billion, and Adj. OIBDA to be closer to midpoint of range of $905 million to $945 million.

For 2016, in terms of constant Dollar, the company expects: FFO per Share in the range of $2.15 - $2.45; Adj. EPS in the range of $1.28 - $1.43; and revenues in the range of $3.165 billion to $3.265 billion.

Separately, the company also announced its intention to acquire Crozier Fine Arts, a storage, logistics and transportation firm. Based in New York, Crozier is a leader in art storage and an industry advocate for worldwide standards. The transaction includes four storage facilities totaling nearly 500,000 square feet.