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Mirion Technologies (MIR)

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Earnings summaries and quarterly performance for Mirion Technologies.

Recent press releases and 8-K filings for MIR.

Mirion Technologies Refinances Term Loans
MIR
Debt Issuance
  • Mirion Technologies, Inc. (as Parent Borrower) is refinancing its existing Term Loans with $450,000,000 in 2025-1 Refinancing Term Loans.
  • The refinancing, effective December 8, 2025, involves existing lenders converting their loans through a cashless rollover and additional lenders providing new refinancing term loans.
  • The proceeds from the 2025-1 Refinancing Term Loans will be applied to prepay existing Term Loans not subject to the cashless rollover and to pay related transaction expenses.
Dec 8, 2025, 9:13 PM
Mirion Technologies Acquires Paragon Energy Solutions
MIR
M&A
New Projects/Investments
  • Mirion Technologies, Inc. has completed the acquisition of Paragon Energy Solutions, a provider of engineered solutions for nuclear power plants and small modular reactors (SMRs).
  • This acquisition enhances Mirion's nuclear technology portfolio and market presence, particularly in the U.S. nuclear power sector.
  • The integration of Paragon into Mirion's Nuclear & Safety Group aims to create a comprehensive suite of solutions, strengthening Mirion's position as a top-tier global supplier in the nuclear power market.
Dec 1, 2025, 9:58 PM
Mirion Technologies Announces Credit Agreement Refinancing
MIR
Debt Issuance
  • On November 6, 2025, Mirion Technologies (US Holdings), Inc. and Mirion Technologies (US), Inc. allocated a $450,000,000 tranche of Replacement Term Loans maturing in 2032.
  • The proceeds from these new term loans are intended to refinance all outstanding Term Loans under the existing Credit Agreement.
  • The Replacement Term Loans are expected to have an Applicable Margin of 2.00% for Term SOFR Loans and 1.00% for ABR Loans, with a potential 25 basis point reduction upon achieving specific corporate ratings.
  • These refinancing transactions are anticipated to close in the fourth quarter of 2025, though there is no assurance they will be completed as described or at all.
Nov 7, 2025, 9:14 PM
Mirion Technologies Reports Strong Q3 2025 Results and Raises Free Cash Flow Guidance
MIR
Earnings
Guidance Update
M&A
  • Mirion Technologies reported Q3 2025 revenue of $223 million, an 8% increase from the prior year, with adjusted EBITDA growing 14.7% to $52.4 million.
  • The company raised the low end of its 2025 adjusted free cash flow guidance to between $100 million and $115 million, with a conversion rate of 45% to 49% of adjusted EBITDA.
  • The nuclear power end market was a significant growth driver, with organic revenue increasing 9% in Q3 and 11% year-to-date, and adjusted orders growing 21%.
  • Mirion continues to expand its nuclear power portfolio through acquisitions, including Paragon Energy Solutions, expected to close by year-end, and Certrec, enhancing regulatory compliance solutions.
  • The company has a large opportunity pipeline, with $55 million awarded in October (Q4) and $175 million of the remaining $285 million opportunity pipeline expected to be awarded by year-end 2025.
Oct 29, 2025, 3:00 PM
Mirion Announces Strong Q3 2025 Results Driven by Nuclear Power Market Growth
MIR
Earnings
Guidance Update
M&A
  • Mirion reported strong Q3 2025 financial results, with revenue totaling $223 million, an 8% increase from the prior year, and adjusted EBITDA of $52.4 million, up 14.7%. Adjusted EPS reached $0.12 per share, a 50% increase.
  • The nuclear power end market was a significant growth driver, with organic revenue increasing 9% in the quarter and 11% year-to-date, and adjusted orders growing 21%.
  • The company raised its 2025 adjusted free cash flow guidance to between $100 million and $115 million, contributing to an impressive $53 million year-to-date.
  • Mirion is strategically broadening its nuclear power portfolio through acquisitions, including Paragon Energy Solutions (expected to close by year-end) and Sertrek, with Paragon's revenue primarily stemming from the currently installed large-scale reactor base.
Oct 29, 2025, 3:00 PM
Mirion Reports Strong Q3 2025 Results and Updates Full-Year Guidance
MIR
Earnings
Guidance Update
New Projects/Investments
  • Mirion reported strong Q3 2025 financial performance, with revenue of $223.1 million, up 7.9% total, and Adjusted EBITDA of $52.4 million, a 14.7% increase compared to Q3 2024.
  • The Nuclear Power end-market showed significant strength, with +9% organic revenue growth and +21% adjusted orders in Q3 2025 versus Q3 2024.
  • Key orders included a ~$10 million SMR new build order in Q3 2025 and a ~$55 million installed base order in October 2025.
  • Mirion updated its full-year 2025 guidance, maintaining organic revenue growth at 4.5-6.0% and increasing Adjusted Free Cash Flow guidance to $100-$115 million.
Oct 29, 2025, 3:00 PM
Mirion Reports Strong Q3 2025 Results Driven by Nuclear Power and Raises Free Cash Flow Guidance
MIR
Earnings
Guidance Update
M&A
  • Mirion reported strong Q3 2025 financial results, with revenue totaling $223 million, an 8% increase year-over-year, and Adjusted EBITDA of $52.4 million, up 14.7%. Adjusted EPS increased 50% to $0.12 per share.
  • The nuclear power end market was a significant growth driver, with organic revenue increasing 9% in Q3 and 11% year-to-date, and adjusted orders growing 21%.
  • The company raised the low end of its 2025 adjusted free cash flow guidance to between $100 million and $115 million and expects a blended cost of debt of 2.8% by year-end 2025, a 460 basis point improvement.
  • Mirion is strategically expanding its nuclear power portfolio through acquisitions, including Paragon Energy Solutions (expected to close by year-end) and Sertrek (acquired in late July).
Oct 29, 2025, 3:00 PM
Mirion Announces Strong Q3 2025 Financial Results and Updates Full Year Guidance
MIR
Earnings
Guidance Update
M&A
  • Mirion's revenue for the third quarter of 2025 increased by 7.9% to $223.1 million, compared to $206.8 million in the same period in 2024.
  • The company reported GAAP net income of $3.1 million and Adjusted EBITDA of $52.4 million in Q3 2025, marking a 122% improvement in GAAP net income and a 14.7% increase in Adjusted EBITDA from Q3 2024.
  • GAAP net earnings per share was $0.01 and Adjusted earnings per share was $0.12 for Q3 2025, up from a GAAP net loss per share of $0.07 and Adjusted EPS of $0.08 in Q3 2024.
  • Mirion reaffirmed its 2025 guidance for total Revenue growth, Organic Revenue growth, Adjusted EBITDA, and Adjusted EPS, while raising the lower end of its Adjusted Free Cash Flow guidance to $100 million – $115 million.
  • The company announced an agreement to acquire Paragon Energy Solutions and was awarded approximately $65 million in new orders from its large opportunity pipeline in Q3 and October 2025.
Oct 28, 2025, 8:26 PM
Mirion Announces Strong Third Quarter 2025 Results and Updates Full Year Guidance
MIR
Earnings
Guidance Update
M&A
  • Mirion reported Q3 2025 revenue of $223.1 million, an increase of 7.9% compared to the same period in 2024, with GAAP net income of $3.1 million and Adjusted EPS of $0.12.
  • The company reaffirmed its 2025 guidance for total Revenue growth, Organic Revenue growth, Adjusted EBITDA, and Adjusted EPS, while revising its Adjusted Free Cash Flow guidance to $100 million – $115 million.
  • Mirion was awarded a $10 million small modular reactor new build order in Q3 2025 and a $55 million order in October 2025, contributing to a previously communicated $350 million large opportunity pipeline.
  • Strategic acquisitions, including Certrec (closed July) and the announced Paragon Energy Solutions, are expected to increase nuclear power-based revenue to approximately 45% of total revenue.
Oct 28, 2025, 8:17 PM
Mirion Technologies Prices Upsized Public Offering
MIR
M&A
Debt Issuance
  • Mirion Technologies announced the pricing of an underwritten public offering of 17,309,846 shares of Class A common stock at a public offering price of $21.35 per share.
  • The size of the common stock offering was increased from the previously announced $350.0 million of shares.
  • Mirion granted the underwriters an option to purchase up to an additional 2,596,476 shares of Class A common stock.
  • Mirion estimates net proceeds from the common stock offering to be approximately $356.2 million.
  • The company expects to use the net proceeds, along with those from a concurrent convertible notes offering, to pay for capped call transactions and fund the acquisition of WCI-Gigawatt Intermediate Holdco, LLC (indirect parent of Paragon Energy Solutions, LLC), with any remainder for general corporate purposes. The offering is expected to close on September 30, 2025.
Sep 30, 2025, 8:18 PM

Quarterly earnings call transcripts for Mirion Technologies.