Mirion Technologies reported fiscal 2021 GAAP revenue of $612 million, a 27.9% increase year-over-year, while pro-forma adjusted revenue rose 5.4% to $686 million. The company faced a net loss of $(158) million, primarily due to $122 million in non-cash interest expenses. Pro-forma adjusted EBITDA reached $173 million, an 18.4% growth, with margins up by 280 basis points to 25.2%. Mirion reiterated its 2022 guidance, projecting adjusted revenue of $723 million and EBITDA of $179 million. The anticipated merger with GSAH Corp II is set to close in Q4 2021.
Mirion Technologies, Inc. announced a significant milestone in its proposed business combination with GS Acquisition Holdings Corp II (GSAH) by delivering the first batch of 880 AccuRad Personal Radiation Detectors (PRDs) under a $121 million contract with the Department of Homeland Security. This contract aims to support the Securing the Cities initiative. Mirion expects to provide a total of 4,001 units in the first year. The company emphasizes the importance of its technology in enhancing safety for emergency responders facing radiological threats.
Mirion Technologies, a provider of radiation detection solutions, will go public via a merger with GS Acquisition Holdings Corp II (GSAH). This transaction, set to close in late 2021, values Mirion at approximately $2.6 billion, with a pro forma Adjusted EBITDA of around $192 million. Mirion generated about $650 million in pro forma Adjusted Revenue in 2020. Following the merger, its shares will trade under NYSE: MIR. The partnership with Larry Kingsley aims to leverage market growth potential while allowing for strategic acquisitions.