Mirion reports Q3 adjusted EPS 8c, consensus 9c

Reports Q3 revenue $206.8M, consensus $203.67M. “Third quarter results were in-line with our expectations,” stated Thomas Logan, Mirion’s (MIR) Chief Executive Officer. “We continue to see revenue growth and margin expansion across both segments, supported by strong underlying super-trends in nuclear power and cancer care. Moreover, excluding the impacts from two large, one-time orders in third quarter 2023, the nuclear power adjusted order book increased 12%. Encouragingly, the spate of nuclear deals announced by hyperscalers in support of the extreme power demands enabling their AI business models should accelerate the development of next-generation nuclear power technology. Our broad strategic relationships with both small modular reactor players and utility-scale nuclear power providers has us well-positioned for future growth.”