Mirion Technologies, Inc. ( (MIR) ) has released its Q4 earnings. Here is a breakdown of the information Mirion Technologies, Inc. presented to its investors.
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Mirion Technologies, Inc. is a global provider of radiation detection, measurement, analysis, and monitoring solutions, serving the medical, nuclear, defense, and research sectors.
Mirion Technologies recently announced record financial results for the fourth quarter and full year of 2024, with significant improvements in revenue and net income. The company also reaffirmed its guidance for 2025.
For the fourth quarter of 2024, Mirion reported a 10.4% increase in revenues, reaching $254.3 million, along with a GAAP net income of $15.9 million, marking a substantial turnaround from a net loss of $14.5 million in the previous year. Adjusted EBITDA also saw a 14.1% rise, amounting to $69.6 million. The company’s earnings per share improved to $0.07, with adjusted EPS at $0.17.
Looking ahead, Mirion remains optimistic about 2025, projecting revenue growth between 4% and 6%, and organic revenue growth from 5.5% to 7.5%. The company expects adjusted EBITDA between $215 million and $230 million, with adjusted free cash flow ranging from $85 million to $110 million. Mirion’s management expressed confidence in their ability to expand margins and increase cash flow in the coming year.
In conclusion, Mirion Technologies is poised for continued growth in 2025, supported by a strong backlog and promising order opportunities, while maintaining its strategic focus on enhancing operational performance.
