Mirion Q3 2022 Earnings Report
Key Takeaways
Mirion Technologies reported an 11.5% increase in revenues for the third quarter, reaching $160.9 million compared to $144.3 million in the same period in 2021. However, the company experienced a GAAP net loss of $50.4 million, and adjusted EBITDA decreased slightly by 0.3% to $30.8 million.
Revenues for the third quarter increased 11.5% to $160.9 million, compared to $144.3 million in the same period in 2021.
GAAP net loss was $50.4 million in the third quarter, compared to a net loss of $46.7 million in the same period last year.
Adjusted EBITDA was $30.8 million for the quarter, a 0.3% decrease from $30.9 million in the same period last year.
GAAP net loss per share for the third quarter was $0.26. Adjusted earnings per share for the same period was $0.03.
Mirion
Mirion
Forward Guidance
Mirion is updating its guidance for the year ending December 31, 2022, reaffirming organic adjusted revenue growth of 4% - 6%, adjusted EBITDA of $160 million - $170 million, adjusted EPS of $0.37 - $0.41, and adjusted free cash flow of $30 million - $45 million.