Mirion Technologies Inc Stock Price, News & Analysis

Mirion (NYSE:MIR) completed the acquisition of Paragon Energy Solutions from Windjammer Capital, announced December 2, 2025. Paragon, based in Fort Worth, provides engineered electrical, sensor, power management, instrumentation and controls, HVAC, mechanical and flow components for large nuclear plants and small modular reactors (SMRs).

Windjammer acquired Paragon in November 2021 and said it invested in sales, product expansion and SMR-focused development; Baird and Moelis advised Windjammer, with Kirkland & Ellis as legal counsel.

Mirion (NYSE:MIR) completed its acquisition of Paragon Energy Solutions on December 1, 2025, integrating Paragon into Mirion's Nuclear & Safety Group.

The deal adds Paragon’s engineered nuclear solutions, digital I&C and reactor protection capabilities, more than 100 skilled engineering professionals, and Paragon systems present in 100% of North American reactors, broadening Mirion’s offerings for large reactors and SMRs and expanding U.S. nuclear partnerships.

Mirion (NYSE:MIR) reported Q3 2025 revenue of $223.1M, up 7.9% year-over-year, GAAP net income of $3.1M versus a prior-year GAAP loss, and Adjusted EBITDA $52.4M, up 14.7% year-over-year. Adjusted EPS was $0.12 for the quarter.

The company reaffirmed full-year 2025 guidance: Revenue growth 7.0%–9.0%, Organic revenue 4.5%–6.0%, Adjusted EBITDA $223M–$233M, and Adjusted EPS $0.48–$0.52, and raised the lower end of Adjusted Free Cash Flow to $100M–$115M. Mirion closed Certrec in July and announced an agreement to acquire Paragon; guidance excludes Paragon.

Backlog updates: awarded ~$10M SMR order and ~$55M Asia installed-base order; ~$285M of a previously communicated $350M pipeline remains, with ~$175M expected in 2025 and ~$110M shifted to 2026.

Mirion (NYSE: MIR) will release third quarter 2025 financial results after market close on Tuesday, October 28, 2025. The company will host a conference call to discuss results on Wednesday, October 29, 2025 at 11:00 am ET.

Investors may join by phone at 1-877-407-9208 or 1-201-493-6784 and request the Mirion Technologies earnings call, or listen via live webcast at https://ir.mirion.com/news-events. A telephonic replay will be available until November 12, 2025 at 1-844-512-2921 or 1-412-317-6671 (access code 13756610), and an archived replay will be posted on Mirion's investor website.

Mirion Technologies (NYSE: MIR) has announced the pricing of an upsized public offering of 17,309,846 shares of Class A common stock at $21.35 per share. The offering, increased from the previously announced $350.0 million, is expected to generate net proceeds of approximately $356.2 million.

Concurrently, Mirion priced a separate offering of $325.0 million of Convertible Senior Notes due 2031, upsized from the initial $250.0 million. The company plans to use the combined proceeds to fund capped call transactions and its planned acquisition of WCI-Gigawatt Intermediate Holdco, LLC, the indirect parent of Paragon Energy Solutions, LLC.

The offerings are expected to close on September 30, 2025, with Goldman Sachs, Evercore ISI, Citigroup, Morgan Stanley, Baird, and Truist Securities serving as joint book-running managers.

Mirion Technologies (NYSE: MIR) has priced an upsized $325.0 million offering of 0.00% Convertible Senior Notes due 2031. The offering, increased from the initially announced $250.0 million, includes an option for purchasers to buy an additional $50.0 million in notes.

The notes will convert into cash, shares of Mirion's Class A common stock, or a combination thereof, at an initial conversion rate of 34.6951 shares per $1,000 principal amount (equivalent to $28.82 per share). Simultaneously, Mirion priced a public offering of 17,309,846 shares of Class A common stock at $21.35 per share.

The company plans to use the proceeds to fund the $32.9 million capped call transactions and its planned acquisition of WCI-Gigawatt Intermediate Holdco, LLC, the indirect parent of Paragon Energy Solutions, LLC.

Mirion Technologies (NYSE: MIR) has announced a proposed private placement of $250.0 million Convertible Senior Notes due 2031. The company will also grant initial purchasers an option to buy an additional $37.5 million in notes within 13 days.

Concurrently, Mirion announced a separate public offering of $350.0 million of Class A common stock, with an additional $50.0 million option for underwriters. The proceeds will fund capped call transactions and the planned acquisition of WCI-Gigawatt Intermediate Holdco, LLC, the indirect parent of Paragon Energy Solutions.

The notes will be convertible into cash, Class A common stock, or a combination thereof, with specific terms to be determined at pricing. To manage potential dilution, Mirion will enter into capped call transactions with financial institutions.

Mirion Technologies (NYSE: MIR) has announced a significant public offering of $350.0 million of Class A common stock, with an additional 30-day option for underwriters to purchase up to $50.0 million in shares. The company is simultaneously launching a concurrent convertible notes offering of $250.0 million due 2031, with an option for initial purchasers to acquire an additional $37.5 million.

The proceeds will be used to fund the acquisition of WCI-Gigawatt Intermediate Holdco, LLC (parent of Paragon Energy Solutions), cover capped call transaction costs, and support general corporate purposes. The offerings are being managed by Goldman Sachs, Evercore ISI, Citigroup, and Morgan Stanley as joint book-running managers.

Mirion Technologies (NYSE:MIR) has announced the acquisition of Paragon Energy Solutions for $585 million in cash from Windjammer Capital Investors. Paragon, a leading provider of engineered solutions for nuclear power plants and Small Modular Reactors (SMRs), is expected to generate $150 million in revenue in 2026 with 20-22% Adjusted EBITDA margins.

The strategic acquisition will expand Mirion's nuclear power solutions portfolio and is expected to be accretive to diluted EPS within the first full year post-closing. The deal is anticipated to create $10 million in annual synergies by year five. Paragon's expertise includes commercial grade dedication of nuclear parts, testing, and inspection, with its systems present in 100% of North American nuclear reactors.

Additionally, Mirion has revised its 2025 Organic Revenue growth guidance to 4.5-6.0% from the previous 5.0-7.0% due to reduced Labs & Research expectations and China-related demand.