Looks like Iron Mountain had another great quarter. Record results. Although growth is strong across all segments, specific to ITAD, company showing strong growth driven by four things:
1. Strong volume growth, perhaps that’s the bigger contributor vs prices. Lots of it coming from hyperscalers who are decommissioning to make way for new gears to upgrade their technology base.
2. Higher prices.
3. A clever go-to-market strategy that relies on cross-selling approach and
4. Strong execution at Regency Technology, with IRM expecting to see more opportunity for Regency in terms of contribution and productivity gains going forward.
This shows a mature go-to-market strategy should be a good catalyst for growth.
In this earning seasons, various indicators from other companies and adjacent sectors suggest the bases of strong business momentum are building up and the momentum for exciting activity in the months to come.
