Strong Start to Fiscal Year 2025
Mirion Technologies reported a 6% organic revenue growth in Q1 2025, with adjusted EBITDA totaling $47 million, which is an 18.2% increase from last year. Adjusted EPS grew by 67% to $0.10 per share.
Significant Order Growth
The company experienced an 11.5% increase in orders, driven largely by nuclear power orders, marking the best first quarter performance since going public.
Acquisition of Oncospace
Mirion acquired Oncospace, a cloud-native data analytics platform, enhancing its cancer care portfolio despite the acquisition being small in initial revenue and adjusted EBITDA contribution.
Nuclear Power Segment Growth
Nuclear power revenue grew by 17.6%, supported by both the existing installed base and new builds, indicating a strong market momentum.
Positive Cash Flow and Share Repurchase
The company generated $29 million in adjusted free cash flow with a 62% conversion of adjusted EBITDA and repurchased 1.2 million shares for $18.6 million.