Overview
Mirion Q3 revenue rises 7.9% to $223.1 mln, beating analyst expectations
GAAP net income for Q3 was $3.1 mln, compared to a loss last year
Adjusted EBITDA for Q3 increases 14.7% to $52.4 mln
Outlook
Mirion raises lower end of adjusted Free Cash Flow guidance to $100 mln - $115 mln
Company reaffirms 2025 guidance for revenue growth, adjusted EBITDA, and adjusted EPS
Mirion's 2025 guidance excludes impact from Paragon acquisition
Result Drivers
NUCLEAR POWER MOMENTUM - Co cites continued momentum in nuclear power end-market as key driver of Q3 results
ACQUISITIONS - Paragon and Certrec acquisitions expected to boost nuclear revenue to 45% of total revenue
NEW ORDERS - Awarded $10 mln modular reactor order and $55 mln Asia order as part of $350 mln pipeline
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $223.10 mln | $222.15 mln (7 Analysts) |
Q3 Net Income | $3.10 mln | ||
Q3 EBIT | $7.40 mln | ||
Q3 Gross Profit | $104.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Mirion Technologies Inc is $26.00, about 5.6% above its October 27 closing price of $24.54
The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 41 three months ago
Press Release: ID:nBw7Srl0ma
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)