NYSE$MIR

Mirion Technologies Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced third quarter 2022 financial results.

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.

Headline financials

Total Revenue

$161M

Previous: $148M+8.7%
EPS (adj)

$0.03

Previous: -$3.02+101.0%
Adjusted EBITDA

$30.80

Previous: $30.90-0.3%
Capital Expenditures

-$22.7M

Previous: $8M-383.8%
Free Cash Flow

-$69.8M

Previous: $2.9M-2506.9%
Net Income

-$47.1M

Previous: -$40.7M-15.7%
Operating Income

-$27.6M

Previous: -$8.9M-210.1%
Gross Profit

$69.8M

Previous: $62.5M+11.7%
Cash & Equivalents

$58.4M

Previous: $86.7M-32.6%
Total Assets

$2.84B

Previous: $753M+276.7%
Stock-Based Comp

$8.4M

Previous: -$100K+8500.0%

Revenue & EPS history

Mirion · Revenue · Quarterly

$161M

Q3 2022+8.7%vs Q3 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Mirion · $161 total across 2 segments · Q3 2022

  • Product Revenue
    $117
  • Service Revenue
    $43.8

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.

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 Q3 2022

Historical avgQ3 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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