Mirion Technologies : First Quarter 2026 Earnings Call Earnings Release

About this update from Mirion Technologies, Inc.

‌Mirion Announces First Quarter 2026 Financial Results Revenues for the first quarter increased 27.5% to $257.6 million, compared to $202.0 million in the same period in 2025. GAAP net loss was $3.4 million in the first quarter, compared to GAAP net income of $0.4 million in the same period in 2025; Adjusted EBITDA was $54.3 million in the first quarter, a 16.3% increase from $46.7 million in the same period last year. GAAP net loss per share in the first quarter was $0.01, compared to a GAAP net earnings per share of $0.00 in the same period in 2025. Adjusted earnings per share for the quarter was $0.10, compared to $0.10 in the same period in 2025. The calculation for adjusted earnings per share has been adjusted for the current period to include stock-based compensation. First quarter orders, excluding Paragon & Certrec acquisitions, were $241 million, a 19% increase from $203 million in the same period last year. Including Paragon and Certrec acquisitions, first quarter orders were $288 million, a 42% increase compared to the same period last year. The company reaffirmed 2026 total revenue growth, Organic Revenue growth, Adjusted EBITDA, and Adjusted Free Cash Flow guidance for the fiscal year ending December 31, 2026, while revising Adjusted EPS guidance to reflect the impact of a special one-time CEO retention grant of performance vesting stock options disclosed on April 13, 2026. Atlanta, GA - April 28, 2026 - Mirion ("we" or the "company") (NYSE: MIR), a global provider of radiation detection, measurement, analysis, and monitoring solutions to the nuclear, medical, defense, and research end markets, today announced results for the first quarter ended March 31, 2026. "Our first quarter performance showcased substantial orders growth led by nuclear power demand and as-expected Adjusted EBITDA performance and margins," commented Mirion's Chairman and Chief Executive Officer Thomas Logan. "Record capital spending commitments by power plant operators are driving accelerating momentum in the sector, which is translating into significant Nuclear Power demand." Logan continued, "Our strong performance also reflects Paragon's contributions in its first full quarter with Mirion. Paragon is the 'tip of the spear' for growing installed base dynamics. Integration is on-pace, and we are already realizing commercial synergies." 2026 Guidance Commenting on Mi...

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