Mirion Q2 revenue beats analyst estimates, raises FY guidance

Mirion Technologies reported a 7.6% increase in Q2 revenue, surpassing analyst expectations with revenue of $222.9 million. The company raised its full-year guidance for revenue, EBITDA, free cash flow, and adjusted EPS, projecting 2025 revenue growth of 7%-9%. Adjusted EBITDA is expected to be between $223 million and $233 million, with adjusted EPS forecasted at $0.48-$0.52 per share. The company attributes its performance to favorable market dynamics in nuclear power and cancer care, successful tariff minimization, and enhancements in capital structure. Analysts maintain a "buy" rating on the stock, with a median price target of $22.00.

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Overview

Mirion Q2 revenue grows 7.6%, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 rises to $0.11
Co raises full-year guidance for revenue, EBITDA, free cash flow, and adjusted EPS

Outlook

Mirion raises 2025 revenue growth guidance to 7%-9% from 5%-7%
Company expects 2025 adjusted EBITDA of $223 mln-$233 mln
Mirion forecasts 2025 adjusted EPS of $0.48-$0.52 per share
Company sees 2025 adjusted free cash flow at $95 mln-$115 mln

Result Drivers

NUCLEAR AND CANCER CARE - Favorable market dynamics in nuclear power and cancer care positively impacted strategic positioning and operating performance, per CEO Thomas Logan
TARIFF MINIMIZATION - Co successfully minimized tariff exposure, contributing to improved operating performance
CAPITAL STRUCTURE ENHANCEMENTS - Refinancing and Certrec acquisition optimized capital structure and expanded offerings in nuclear power and broader energy markets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $222.90 $216.20

Revenue mln mln (5

Analysts

)

Q2 Net $8.50

Income mln

Q2 EBIT $9.90

mln

Q2 Gross $102.50

Profit mln

Analyst Coverage

The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 5 “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 $22.00, about 1.9% below its July 30 closing price of $22.42
The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 30 three months ago

Press Release: (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.)