Mirion Technologies, Inc. ( (MIR) ) has released its Q3 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 leader in radiation detection and monitoring solutions, serving the nuclear, medical, defense, and research industries with innovative safety technologies. In its latest earnings report, Mirion announced a 7.9% increase in third-quarter revenue, reaching $223.1 million, alongside a significant turnaround to a GAAP net income of $3.1 million from a net loss in the previous year. The company also reported a 14.7% rise in adjusted EBITDA to $52.4 million, and adjusted earnings per share increased to $0.12 from $0.08. Mirion’s strategic initiatives include the acquisition of Paragon Energy Solutions to enhance its U.S. nuclear power market presence, complementing the earlier acquisition of Certrec. These moves are expected to increase the company’s nuclear power-based revenue to approximately 45% of total revenue. Looking ahead, Mirion remains optimistic, reaffirming its 2025 guidance for revenue growth and adjusted financial metrics, while raising the lower end of its adjusted free cash flow guidance, signaling confidence in achieving its full-year targets.