Mirion Q3 2023 Earnings Report
Key Takeaways
Mirion announced strong Q3 2023 results with an 18.8% increase in revenue to $191.2 million and a significant reduction in net loss to $12.1 million. Adjusted EBITDA rose by 26.0% to $38.8 million, and adjusted EPS increased to $0.05. The company reiterated its full-year guidance and completed the acquisition of ec2 Software Solutions LLC and NUMA LLC.
Revenue increased by 18.8% to $191.2 million compared to the same period last year.
Net loss decreased to $12.1 million from $47.1 million in the same period last year.
Adjusted EBITDA increased by 26.0% to $38.8 million from $30.8 million year-over-year.
Adjusted earnings per share increased to $0.05 from $0.03 in the same period last year.
Mirion
Mirion
Forward Guidance
Mirion reiterated its financial guidance for the full year 2023, focusing on commercial execution and operational excellence.
Positive Outlook
- Revenue growth of 8% - 10%
- Organic revenue growth of 6% - 8%
- Adjusted EBITDA of $175 million - $185 million
- Adjusted EPS of $0.28 - $0.34
- Adjusted free cash flow of $45 million - $75 million