Mirion Technologies Inc. Class A Common Stock Earnings Recaps
Q1 2026
Apr 30, 2026
Mirion shares gained 5.7% following Q1, as accelerating Nuclear Power orders and a surge in backlog materially outpaced market expectations. Recent acquisitions, Paragon and Certrec, contributed to substantial order and revenue growth, with integration delivering above-plan results.
Key takeaways
- Company-wide orders rose 19% year-over-year to $241 million, or 42% to $288 million including M&A, with growth across both segments.
- Backlog expanded to $1.1 billion, increasing 19% excluding M&A, or 38% including deals.
- Paragon contributed $43 million in orders and delivered 45% revenue growth in Q1, with improving operating leverage and margins.
- Large opportunity orders totaled $50 million in Q1, with an additional $35 million secured in April from SMR-related projects, supporting visibility into future performance.
- Integration of Paragon and Certrec is yielding enhanced customer access and expanding Mirion’s addressable market at a time of sharply rising Nuclear Power capital spending.
Q3 2025
Oct 30, 2025
Mirion Technologies reported a strong third quarter in 2025 with revenue expanding nearly 8% year-over-year, driven by robust demand in the nuclear power sector, positioning the company well for future growth.
Key takeaways
- Third quarter revenue reached $223 million, representing a nearly 8% increase, with organic growth of 4.7%.
- Adjusted EBITDA rose 14.7% to $52.4 million, reflecting contributions from both the Nuclear and Safety and Medical segments.
- The nuclear power segment saw 9% organic revenue growth, with adjusted orders in the sector increasing 21%.
- Adjusted free cash flow for the quarter was $18 million, elevating year-to-date total to $53 million, prompting an increase in the low end of cash flow guidance to $100-$115 million.
- Mirion is on track to close the acquisition of Paragon Energy Solutions by year-end, further enhancing its nuclear power portfolio.