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Mirion Technologies (MIR)
NYSE:MIR
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.07Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 2.97%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Mirion Technologies has demonstrated strong performance with record revenues and strategic expansions in nuclear power and medical segments. However, challenges remain with foreign exchange impacts and headwinds in the Chinese market. Overall, the company is well-positioned for continued growth with a strong backlog and strategic partnerships.Company Guidance
During Mirion Technologies, Inc.'s fourth quarter and full year 2024 earnings call, the company provided guidance that highlighted several key metrics and strategic initiatives. The company reported a record fourth quarter revenue of $254.3 million, reflecting a 10.4% year-over-year growth, and a full year revenue of $860.8 million, which grew 7.5% compared to 2023. Adjusted EBITDA for the quarter was $69.6 million, with an adjusted EBITDA margin of 23.7% for the year, representing a 110 basis point improvement. The adjusted earnings per share (EPS) increased from $0.34 to $0.41 for the year. Looking forward to 2025, Mirion reiterated its guidance for revenue growth between 4% and 6%, with organic growth expected between 5.5% and 7.5%. The company also aims to achieve an adjusted EBITDA margin of 24.5% to 25.5% and expects adjusted free cash flow to be between $85 million and $110 million. Mirion emphasized its strong backlog, covering approximately 49% of the expected 2025 revenue, and noted continued momentum in both nuclear power and nuclear medicine sectors.Record Fourth Quarter and Full Year Performance
Mirion Technologies reported record fourth quarter and full year 2024 performance, with revenue, adjusted EBITDA, and adjusted earnings per share reaching new highs. Adjusted EPS increased from $0.34 to $0.41 per share for the year.
Strong Nuclear Power and Nuclear Medicine Growth
Fourth quarter organic growth was driven by nuclear power (approximately 7%), nuclear medicine (21%), and dosimetry (14%). Full year nuclear power activity was up 8.5%, and nuclear medicine grew by an impressive 7.5%.
Improved Capital Structure
Mirion completed the redemption of outstanding public warrants, repriced its term credit facility, and had all three tranches of founder shares fully vested, resulting in a cleaner capital structure entering 2025.
Expansion in Strategic Partnerships
Mirion signed a strategic alliance with Siemens Healthineers and a partnership agreement with EDF, the largest operator of nuclear power plants, to become an exclusive supplier for new build projects for the next 20 years.
Positive Pipeline and Backlog
The company starts 2025 with 49% of expected revenue already in backlog, up from 46% at the start of 2024, and a healthy pipeline of new order opportunities worth $300 million to $400 million.
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MIR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MIR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $16.17 | $16.36 | +1.18% |
| Oct 29, 2024 | $14.07 | $14.75 | +4.83% |
| Aug 01, 2024 | $10.30 | $10.09 | -2.04% |
| Apr 30, 2024 | $10.87 | $10.20 | -6.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mirion Technologies (MIR) report earnings?
Mirion Technologies (MIR) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Mirion Technologies (MIR) earnings time?
Mirion Technologies (MIR) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MIR EPS forecast?
MIR EPS forecast for the fiscal quarter 2025 (Q1) is 0.07.
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