NYSE$MIR
Mirion Technologies Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Mirion's Q4 2023 financial results were announced, demonstrating revenue growth and improved profitability.
Mirion announced strong Q4 2023 results with a 5.7% increase in revenue to $230.4 million and a significant improvement in net loss, which decreased by 90.1% to $15.2 million. Adjusted EBITDA rose by 8.2% to $61.0 million, and adjusted EPS increased to $0.15 from $0.11 in the same period last year. The company also initiated full year 2024 guidance, projecting continued revenue growth and improved profitability.
- Revenue increased by 5.7% to $230.4 million compared to the same period last year.
- Net loss improved by 90.1% to $15.2 million compared to the same period last year.
- Adjusted EBITDA increased by 8.2% to $61.0 million compared to the same period last year.
- Adjusted earnings per share increased to $0.15 from $0.11 in the same period last year.
Headline financials
Revenue & EPS history
Mirion · Revenue · Quarterly
$230M
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 initiated financial guidance for 2024, reflecting sustained momentum in the business with positive vertical market conditions and expectations for solid organic growth, margin expansion, and free cash flow improvement.
Tailwinds
- Revenue growth of 5% - 7%
- Organic revenue growth of 4% - 6%
- Inorganic revenue growth of ~1%, primarily ec2 acquisition
- Adjusted EBITDA of $193 million - $203 million
- Adjusted EPS of $0.37 - $0.42
Headwinds
- Depreciation of ~$33 million for the year
- Net interest expense of approximately $55 million (approximately $52 million of cash interest)
- Effective tax rate between 26% and 28%
- Capital expenditures of ~$37 million
- Cash taxes of ~$37 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 Q4 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
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