Welcome to our dedicated page for Mirion Technologies news (Ticker: MIR), a resource for investors and traders seeking the latest updates and insights on Mirion Technologies stock.
Mirion Technologies, Inc. reports company developments in radiation detection, measurement, analysis and monitoring solutions for nuclear, medical, defense and research markets. Updates commonly cover financial results, orders, guidance, investor presentations and leadership appointments across the Nuclear & Safety and Medical groups.
Mirion's recurring business themes include nuclear power customers, critical radiation safety applications, R&D labs, nuclear facilities and healthcare uses such as Nuclear Medicine, Radiation Therapy QA, Occupational Dosimetry and Diagnostic Imaging. News also reflects the completed Paragon Energy Solutions acquisition, which added engineered nuclear-power offerings and is being integrated into the Nuclear & Safety group.
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.
Mirion Technologies (NYSE: MIR) has established a significant partnership with the International Atomic Energy Agency (IAEA) to enhance global radiation safety initiatives. The collaboration focuses on strengthening radiation detection and measurement capabilities at the IAEA's Terrestrial Environmental Radiochemistry (TERC) Laboratory.
As the first corporation to enter a Practical Arrangement with the IAEA TERC Laboratory, Mirion will contribute through multiple key initiatives: active collaboration on TERC Laboratory projects, training and capacity building, measurement assistance, and support of an annual intern through the "Mirion Scholarship." The company will also provide an in-kind donation of instrumentation and software for training and analysis purposes.
The partnership builds on Mirion's existing engagement with IAEA, including training representatives from over 100 Member States for the IAEA's Worldwide Proficiency Test Exercise scheme.
Mirion Technologies (NYSE: MIR) reported strong Q2 2025 financial results, with revenue increasing 7.6% to $222.9 million. The company achieved a significant turnaround with GAAP net income of $8.5 million, compared to a $12.0 million loss in Q2 2024. Adjusted EBITDA grew 4.9% to $51.2 million.
Following these results, Mirion raised its 2025 guidance, now projecting revenue growth of 7.0% - 9.0% (up from 5.0% - 7.0%) and adjusted EBITDA of $223-233 million. The company also completed strategic initiatives including a $400 million convertible notes offering, Term Loan B refinancing, and the acquisition of Certrec to expand its nuclear power services.
The company maintains strong positioning in nuclear power and cancer care markets, with management expressing confidence in capturing favorable market trends despite some end-market adjustments in Labs & Research and Dosimetry segments.Mirion (NYSE: MIR) has announced the acquisition of Certrec, a leading regulatory compliance and digital integration solutions provider for the energy industry, for $81 million plus equity incentives. The deal represents a 16.9x EV/2025E EBITDA multiple.
Certrec, based in Fort Worth, TX, has been serving power-generating facilities since 1988, with its solutions currently employed by every US nuclear reactor facility and over 80 entities across North America. The company specializes in regulatory compliance management with the Nuclear Regulatory Commission (NRC) and North American Electric Reliability Corporation (NERC).
The acquisition will strengthen Mirion's Nuclear & Safety group, enhancing its digital ecosystem and expanding its offerings in the nuclear power market.
Mirion (NYSE: MIR) has scheduled its second quarter 2025 financial results release for Thursday, July 31, 2025, after market close. The company will host a conference call to discuss the results on Friday, August 1, 2025, at 10:00 am ET.
Investors can access the call through two dial-in numbers: 1-877-407-9208 (domestic) or 1-201-493-6784 (international). A live webcast will be available on Mirion's investor relations website. A replay will be accessible until August 15, 2025, using the access code 13754545.
[]Mirion Technologies (NYSE: MIR) and Westinghouse Electric Company have formed a strategic partnership to provide digital Ex-core Nuclear Instrumentation Systems based on Mirion's proTK product line. The collaboration aims to upgrade existing analog neutron flux monitoring systems in nuclear power plants.
The digital upgrade solution, offered exclusively through Westinghouse for Westinghouse and Combustion Engineering designed PWRs worldwide, will replace outdated equipment from the 1960s. Mirion's proTK technology has demonstrated reliability with over 400 drawers implemented globally, accumulating more than 4000 operating years of performance across nuclear facilities.