The CEO of Iron Mountain Inc (NYSE:IRM) recently said that he had been "doing my inflation dance" and "praying for inflation" because it would benefit the company's business and bottom line.
According to The Intercept, Iron Mountain's CEO William Meaney told his investors last month that Iron Mountain had benefited from the current economic scenario.
"If you go back in terms of what we've been doing in terms of pricing and revenue management, we've been getting north of 200 basis points of a price increase during the zero inflationary period," he told investors. "And, of course, now we've been able to take that up quite significantly."
However, Meaney said that the company wasn't taking advantage of its customers, and it had been asking consumers to "pay more of their fair share in terms of the value that we present."
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"People are seeing what FedEx, UPS, and others are having to do to manage their business and pass on that inflation," The Intercept quoted him saying.
Earlier, Iron Mountain's CFO Barry A. Hytinen said that "we do have very strong pricing power," and for the company, inflation is "actually a net positive."
Hytinen added, "We feel for folks" regarding inflation, but "we have a high gross margin business, so it naturally expands the margins of the business."
Boston-based tech firm Iron Mountain is a data storage and management company with a current market capitalization of $12 billion.
As per its website, over 95 percent of the Fortune 1,000 are Iron Mountain customers.
Photo: Gerd Altmann from Pixabay
このCEOは鉄山会社(ニューヨーク証券取引所株式コード:IRM)最近、彼は“私のインフレダンスを踊っている”と述べ、企業の業務と利益に有利になるため、“インフレを祈っている”と述べた。
The Interceptによると鉄山の最高経営責任者はウィリアム·ミニー先月彼の投資家に、鉄山は現在の経済情勢から利益を得たと言った
彼は投資家に“定価と収入管理における私たちのやり方を振り返ってみると、ゼロインフレ期間中、私たちの価格上昇幅は200ベーシスポイントを超えていることがわかります”と述べた。もちろん、私たちは今これをかなり顕著に利用することができるようになった
しかし、Meaneyは、同社は顧客の安さを占めておらず、消費者に“私たちが提供した価値に応じてより多くの公平なシェアを支払う”ことを求めてきたと述べている
Binanceは世界のインフレがCryptoユーザーの増加を推進していると言っています
“人々はフェデックス、UPS、その他の会社が彼らの業務を管理し、インフレを転嫁しなければならないことを見た”とThe Interceptは彼の言葉を引用した。
以前鉄山のCFOはバリー·A·ヘティニング“私たちは確かに非常に強力な価格決定権を持っている”と述べているが、同社にとってインフレは“実際には純正数”となっている
ハイティニンは“インフレに同情する”と付け加えたが、“私たちは毛金利が高いので、これは自然と業務の利益率を拡大するだろう”と補足した
ボストンに本社を置く技術会社Iron Mountainはデータ保存と管理会社で、現在の時価は120億ドル
そのサイトによると、富1000強の95%以上が鉄山顧客だ
写真の出所:PixabayのGerd Altmann