NYSE$MIR
Mirion Technologies Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Mirion's first quarter results for 2023 showed revenue growth and reaffirmed full-year guidance.
Mirion Technologies reported an 11.6% increase in revenue for the first quarter of 2023, reaching $182.1 million. The company reaffirmed its full-year 2023 guidance, expecting revenue growth of 6% to 9%, adjusted EBITDA of $172 million to $182 million, and adjusted EPS of $0.28-$0.34.
- Revenues for the first quarter increased 11.6% to $182.1 million, compared to $163.2 million in the same period in 2022.
- Net loss was $42.9 million in the first quarter, compared to a net loss of $19.0 million in the same period last year.
- Adjusted EBITDA was $36.6 million, a 4.9% increase from $34.9 million in the same period last year.
- GAAP net loss per share for the first quarter was $0.22, compared to $0.10 in the first quarter of 2022. Adjusted earnings per share for the quarter was $0.06, compared to $0.10 in the same period last year.
Headline financials
Revenue & EPS history
Mirion · Revenue · Quarterly
$182M
Revenue by segment
Mirion · $182M total across 2 segments · Q1 2023
- Product Revenue$132M—72.7%
- Service Revenue$49.7M—27.3%
Forward guidance
Mirion reaffirmed its guidance for the fiscal year and 12-month period ending December 31, 2023.
Tailwinds
- Reported revenue growth of 6% - 9%
- Organic revenue growth of 4% - 7%
- Adjusted EBITDA of $172 million - $182 million
- Adjusted EPS of $0.28 - $0.34
- Adjusted free cash flow of $58 million - $78 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.6%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
55%
11 / 20 earnings
Positive
+18.3%
Q3 2025
Best reaction
-11.0%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | +8.0% | -2.2% | |
| Q4 2025 | -10.2% | -4.0% | -20.3% | |
| Q3 2025 | +18.3% | +16.8% | +3.3% | |
| Q1 2025 | +1.4% | +2.1% | +22.3% | |
| Q4 2024 | +1.1% | +0.8% | -10.6% | |
| Q3 2024 | +4.7% | +3.1% | +14.6% | |
| Q2 2024 | -4.4% | -7.0% | +2.8% | |
| Q1 2024 | -7.4% | -9.4% | -1.3% | |
| Q4 2023 | +0.8% | +0.5% | -0.2% | |
| Q3 2023 | -2.5% | +19.6% | +28.3% | |
| Q2 2023 | +5.3% | +6.0% | +13.4% | |
| Q1 2023 | +4.5% | +4.0% | +1.1% | |
| Q4 2022 | +8.1% | +4.9% | -15.1% | |
| Q3 2022 | -5.1% | -25.4% | -21.0% | |
| Q2 2022 | +5.8% | +15.1% | +13.5% | |
| Q2 2021 | +5.8% | +15.1% | +13.5% | |
| Q1 2021 | -3.2% | -10.1% | +6.8% | |
| Q4 2021 | -11.0% | -1.7% | -3.1% | |
| Q3 2021 | -0.4% | +1.0% | -2.2% | |
| Q4 2020 | +0.5% | +1.0% | -0.5% | |
| Q2 2020 | — | — | — | |
| Q2 2019 | — | — | — |
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