Mirion Technologies Inc Stock Price, News & Analysis

Mirion Technologies, Inc. (NYSE: MIR) has announced it will release its financial results for the first quarter of 2023 on May 3, 2023, at 12:00 pm ET. Following this release, the Company will host a conference call to discuss the results, accessible via phone or live webcast. A telephonic replay will be available until May 17, 2023. Mirion is a leader in detection, measurement, analysis, and monitoring solutions across sectors like nuclear, medical, and defense, employing about 2,800 people in 13 countries and focusing on rigorous regulatory compliance.

Mirion Technologies, Inc. (NYSE: MIR) announced an underwritten public offering of 9,786,153 shares of its Class A common stock at $8.75 per share, primarily by selling stockholders affiliated with Charterhouse Capital Partners. The company will not sell any securities or receive proceeds, but will cover certain costs associated with the offering. Closing is expected on March 7, 2023, pending customary conditions. The offering is made under a shelf registration previously approved by the SEC on November 28, 2022. Jefferies serves as the sole bookrunner.

Mirion Technologies has announced a public offering of 9,786,153 shares of its Class A common stock by certain selling stockholders affiliated with Charterhouse Capital Partners. Importantly, Mirion will not receive any proceeds from this offering and will cover the associated costs, excluding underwriting discounts. This offering is subject to market conditions and may not be completed as anticipated. Jefferies is the sole bookrunner for the offering, which utilizes an effective shelf registration statement declared by the SEC on November 28, 2022. Investors are advised to review the registration statement for detailed information.

Mirion Technologies (NYSE:MIR) announced a $150 million investment from T. Rowe Price Investment Management to acquire shares at $8.75 each, totaling 17,142,857 shares. The transaction will close on February 23, 2023. Mirion plans to use approximately $125 million to pay down debt, aiming for a net leverage ratio of approximately 3.1x by year-end 2023. The company also raised its adjusted free cash flow guidance for 2023, now projected between $58 million and $78 million, mostly due to lower interest expenses.

Janus International Group (NYSE: JBI) has appointed David Vanevenhoven as Chief Accounting Officer, effective February 20, 2023. Vanevenhoven, who has over 15 years of experience in accounting and M&A auditing, will directly report to CFO Anselm Wong. He previously served as Global Controller at Mirion Technologies (NYSE: MIR), where he managed multiple acquisitions and a successful SPAC merger. His role at Janus aims to enhance financial reporting and internal controls, positioning the company for continued growth in the self-storage sector. This strategic appointment follows the release of Janus's annual financial results for 2022.

Mirion Technologies, Inc. (MIR) reported a 22.6% revenue increase in Q4 2022, reaching $217.9 million, compared to $177.8 million in Q4 2021. The GAAP net loss was $159.7 million, translating to a loss per share of $0.85. Adjusted EBITDA stood at $56.4 million with adjusted EPS of $0.11. For 2023, the company anticipates revenue growth of 6% to 9% and adjusted EBITDA between $172 million and $182 million. Despite goodwill impairments of $156.6 million, Mirion's order backlog grew to $737.4 million. Management expresses optimism for continued growth driven by healthy end markets and a solid backlog.

Mirion Technologies, Inc. (NYSE: MIR) announced that CEO Thomas Logan and CFO Brian Schopfer will present at Citi’s 2023 Global Industrial Tech and Mobility Conference in Miami, FL. The presentation is scheduled for 1:50 PM ET on Tuesday, February 21, 2023. A live webcast will be available at Mirion’s investor relations page, with an archived version accessible within twelve hours post-event.

About Mirion: Headquartered in Atlanta, GA, Mirion provides detection, measurement, and analysis solutions across nuclear, defense, medical, and research sectors, employing around 2,800 individuals globally.

Mirion Technologies (NYSE: MIR) will release its financial results for Q4 and fiscal year 2022 on February 14, 2023. A conference call will follow at 10:00 am ET to discuss these results. Participants can join the call by dialing 1-877-407-9208 or 1-201-493-6784, and a live webcast will be available at Mirion's investor website. A telephonic replay will be accessible until February 28, 2023, with details for accessing it provided. Mirion is a leader in detection and monitoring solutions in various end markets including nuclear and medical sectors, employing roughly 2,800 staff across 13 countries.

Mirion Technologies, through its subsidiary Sun Nuclear, has designated Scripps Health as a Patient Safety Center of Excellence. This recognition highlights Scripps' leadership in Quality Management and Medical Physics in Radiation Therapy, with a focus on improving patient safety. Treating approximately 2,700 new patients annually in San Diego, Scripps aims to standardize and automate Quality Management workflows, enhancing efficiency. By leveraging Sun Nuclear's solutions, Scripps will guide other U.S. medical physics departments, thereby contributing to advancements in treatment protocols.