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Iron Mountain Incorporated (IRM) Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)

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Iron Mountain Incorporated (NYSE:IRM) Morgan Stanley Technology, Media & Telecom Conference March 3, 2025 5:35 PM ET

Company Participants

Barry Hytinen – Executive Vice President & Chief Financial Officer

Conference Call Participants

Calvin Lam – Morgan Stanley

Calvin Lam

Yes. Sure. All right. Great. Well, good afternoon everyone. And I have the pleasure today of sitting here with Barry Hytinen, the CFO of Iron Mountain. Welcome back Barry. It’s always great to have you here in San Francisco.

Barry Hytinen

Thank you, Calvin. It’s great to be here.

Question-and-Answer Session

Q – Calvin Lam

So before I get started, let me just read the disclosure note. For important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley sales rep.

All right. Well, you’ve been here a few times now Barry, and so you get the backdrop of presenting to a bunch of TMT investors. I think it’s always fascinating for most people to actually hear what Iron Mountain does, and what they’re up to now. So, maybe you could just start with an overview of what the company is. I think most people understand Iron Mountain as a document and records management business. But maybe go over what’s in the asset portfolio, and more importantly, why they exist together.

Barry Hytinen

Sure. Okay. And thanks again for having us Calvin. I think most people know us as a records management company, the leading kind of market leader in records management. And that’s how the company got started and it’s been around for about 70 years becoming the market leader in records. And so we operate in about 61 countries around the world. We have about 250,000 business-to-business clients. And maybe counterintuitive to the way folks usually think about us in light of the broader

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