MIR
Mirion Technologies, Inc.24.15
-0.17-0.7%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Paragon accelerates; AI details emerge.
Q&A reinforced prepared remarks on nuclear power strength and 2026 guidance, but spotlighted Paragon's growth accelerating to 25%+ from low-teens at close, fueled by orders and DOE expansion. Management demurred on tight pipeline-to-backlog links for the $400M+ large projects, stressing right-to-win amid timing risks. AI momentum sharpened with a new chief officer, 17 internal apps launched, and customer-facing potential in nuclear plants. Medical margins expand robustly, though less than 2025's leap. Paragon integrates swiftly. Investors track acquisition synergies, AI payoff.
Key Stats
Market Cap
5.90BP/E (TTM)
219.55Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
10-K
FY2025 results
Mirion Technologies drove FY2025 revenue to $925.4M, up 7.5% y/y, with Nuclear & Safety surging 9.5% to $614.6M on acquisitions, FX tailwinds, and nuclear power volume while Medical grew 3.7% to $310.8M via pricing amid softer cancer care demand. Q4 momentum accelerated via Certrec (July) and Paragon (December) buys, boosting backlog to $1,104.3M (up 36%) with 49% slated for 2026; operating income jumped to $51.5M. Cash swelled to $412.3M post-$775M equity/debt raises funding Paragon, term loan cut to $450M (5.78% rate). Share repurchases totaled $49.6M. Geopolitical risks like Russia sanctions threaten backlog execution.
8-K
Q4 revenues up 9.1%
Mirion reported Q4 2025 revenues up 9.1% to $277.4 million, with Adjusted EBITDA rising 11.5% to $77.6 million versus prior year. Full-year orders topped $1 billion, fueled by nuclear power verticals. 2026 guidance projects 22-24% revenue growth, $285-300 million Adjusted EBITDA. Acquisitions drove balance sheet expansion.
8-K
Mirion refinances $450M term loans
Mirion refinanced its $450M term loans on December 8, 2025, with new Replacement Term Loans maturing June 5, 2032, at SOFR+2.00% (or ABR+1.00%), dropping 25bps with Ba3/BB- ratings. Lenders rolled over $439M cashlessly; Citibank added $11M. New loans extend maturities while preserving collateral. Prepayment premium applies within six months.
8-K
Mirion completes Paragon acquisition
8-K
$450M term loan refinancing
Mirion Technologies allocated $450M Replacement Term Loans maturing 2032 to refinance existing debt under its 2021 Credit Agreement, with margins of 2.00% (SOFR) or 1.00% (ABR), dropping 25 bps on targeted ratings. No upfront fees; zero SOFR floor or spread. Deal eyes Q4 2025 close, but success isn't assured.
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