The earnings call presented a mixed outlook. While Mirion reported positive revenue growth, particularly in the Medical segment and increased expectations for the Nuclear Power market, challenges remained in the Nuclear & Safety segment, including lower orders and negative impacts from nonrecurring items. The acquisition of Certrec and improved capital structure are strategic positives, but there are headwinds in certain markets. Overall, positive developments are balanced by ongoing challenges.

Company Guidance

During the second quarter of 2025, Mirion Technologies reported a total revenue of $222.9 million, reflecting a 7.6% increase from the previous year, with organic revenue rising by 5.4%. The company achieved an adjusted EBITDA of $51.2 million, marking a 4.9% increase year-over-year. In particular, the Medical segment significantly contributed to growth, with a 10.9% increase in revenue and a nearly 20% rise in adjusted EBITDA. Despite a challenging prior year comparison, orders grew by 1.6%, primarily driven by the Medical segment, while the Nuclear & Safety segment faced some challenges due to nonrecurring items. Mirion improved its capital structure through a $400 million convertible note offering and a $450 million term loan refinancing, enhancing flexibility for future capital deployment. The company generated $6 million in adjusted free cash flow during the quarter, leading them to raise their 2025 guidance, including expectations for total revenue growth of 7% to 9%, adjusted EBITDA between $223 million and $233 million, and adjusted free cash flow between $95 million and $115 million.

Revenue Growth

Total revenue for Q2 2025 was $222.9 million, a 7.6% increase from Q2 2024. Organic revenue grew by 5.4%.

Medical Segment Performance

The Medical segment saw organic revenue growth across all markets, contributing positively to overall performance. Adjusted EBITDA for the Medical segment was $30.1 million, up nearly 20% from last year.

Nuclear Power Market Expansion

Mirion increased its 2025 organic growth expectations for the Nuclear Power sector, citing sizable opportunities across the nuclear landscape, including modernization upgrades and life extensions.

Acquisition of Certrec

Mirion announced the acquisition of Certrec, a leading provider of regulatory compliance solutions to the nuclear industry, which is expected to enhance growth through commercial synergies.

Improved Capital Structure

Mirion completed a $400 million convertible note offering and refinanced a term loan, enhancing financial flexibility and reducing the cost of capital.

Mirion Technologies (MIR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MIR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.10 / -	0.08	―	―	―
Jul 31, 2025	2025 (Q2)	0.10 / 0.11	0.1	10.00% (<+0.01)
Apr 29, 2025	2025 (Q1)	0.08 / 0.10	0.06	66.67% (+0.04)
Feb 11, 2025	2024 (Q4)	0.14 / 0.17	0.15	13.33% (+0.02)
Oct 29, 2024	2024 (Q3)	0.08 / 0.08	0.05	60.00% (+0.03)
Aug 01, 2024	2024 (Q2)	0.07 / 0.10	0.08	25.00% (+0.02)
Apr 30, 2024	2024 (Q1)	0.06 / 0.06	0.06	0.00% (0.00)
Feb 13, 2024	2023 (Q4)	0.14 / 0.15	0.11	36.36% (+0.04)
Nov 01, 2023	2023 (Q3)	0.05 / 0.05	0.03	66.67% (+0.02)
Aug 02, 2023	2023 (Q2)	0.06 / 0.08	0.13	-38.46% (-0.05)

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

MIR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$22.35	$19.86	-11.14%
Apr 29, 2025	$15.62	$15.78	+1.02%
Feb 11, 2025	$16.17	$16.36	+1.18%
Oct 29, 2024	$14.07	$14.75	+4.83%

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.

FAQ

When does Mirion Technologies (MIR) report earnings?

Mirion Technologies (MIR) is schdueled to report earning on Nov 04, 2025, Before Open (Confirmed).

What is Mirion Technologies (MIR) earnings time?

Mirion Technologies (MIR) earnings time is at Nov 04, 2025, Before Open (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 (Q3) is 0.1.

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