NYSE$MIR
Mirion Technologies Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Mirion's first quarter results showed revenue growth and improved profitability.
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%.
Headline financials
Revenue & EPS history
Mirion · Revenue · Quarterly
$193M
Revenue by segment
Mirion · $191M total across 2 segments · Q3 2023
- Product Revenue$143M+121776159.6%74.6%
- Service Revenue$48.6M+110958804.1%25.4%
Forward guidance
Mirion reaffirmed its full year 2024 guidance.
Tailwinds
- 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
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 2024
+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 | — | — | — |
Discussion
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