Radiation products maker Mirion beats Q3 revenue estimates, reaffirms 2025 revenue forecast

Mirion Technologies

28/10/2025 20:25

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.)