NYSE$MIR
Mirion Technologies Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Mirion's financial performance improved with increased revenue and reduced net loss.
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.
Headline financials
Revenue & EPS history
Mirion · Revenue · Quarterly
$191M
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 reiterated its financial guidance for the full year 2023, focusing on commercial execution and operational excellence.
Tailwinds
- 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
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 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro