MIR - Mirion Technologies beats top and bottom line Q2 estimates; updates outlook

2023-08-02 08:37:58 ET

• Mirion Technologies press release ( NYSE: MIR ): Q2 Non-GAAP EPS of $0.08 beats by $0.02 .
• Revenue of $197.2M (+12.2% Y/Y) beats by $6.71M .
• Net loss was $28.4 million in the second quarter, compared to a net loss of 59.3 million in the same period last year. Adjusted EBITDA was $44.3 million, a 4.0% increase from $42.6 million in the same period last year.

• Mirion is updating its guidance for the fiscal year and 12-month period ending December 31, 2023:

  • Revenue growth of 8% - 10%, compared to 6% - 9% previously
  • Organic revenue growth of 6% - 8%, compared to 4% - 7% previously
  • Adjusted EBITDA of $175 million - $185 million, compared to $172 million - $182 million previously
  • Adjusted EPS of $0.28 - $0.34, which is unchanged
  • Adjusted free cash flow of $45 million - $75 million, compared to $58 million - $78 million previously

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