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Mar 31, 2024
Mirion Q1 2024 Earnings Report
Mirion's first quarter results showed revenue growth and improved profitability.
Key Takeaways
Mirion Technologies reported a 5.8% increase in revenue for the first quarter of 2024, reaching $192.6 million. The company's net loss decreased to $26.5 million, and adjusted EBITDA rose by 7.9% to $39.5 million. The company reaffirmed its full year 2024 guidance.
Revenues increased by 5.8% to $192.6 million compared to $182.1 million in the same period in 2023.
Net loss decreased to $26.5 million from a net loss of $42.9 million in the same period last year.
Adjusted EBITDA increased by 7.9% to $39.5 million from $36.6 million in the same period last year.
The company reaffirmed full year 2024 guidance, expecting revenue growth of 5% to 7%.
Mirion
Mirion
Forward Guidance
Mirion reaffirmed its full year 2024 guidance.
Positive Outlook
- Revenue growth of 5% - 7%
- Organic revenue growth of 4% - 6%
- Inorganic revenue growth of approximately 1%
- Adjusted EBITDA of $193 million - $203 million
- Adjusted EPS of $0.37 - $0.42