Mirion sees FY25 adjusted EPS 45c-50c, consensus 49c

Commenting on Mirion’s (MIR) full year 2025 guidance, Logan said, “We are reaffirming the 2025 financial guidance that we shared at our Investor Day and are introducing adjusted EPS guidance. We are confident in our ability to continue to grow the business, deliver margin expansion, and drive greater free cash flow in 2025 and beyond.” Revenue growth of approximately 4.0% – 6.0%; includes a foreign exchange rate headwind of approximately 190 basis points; Organic Revenue growth of approximately 5.5% – 7.5%; includes an approximately 30 basis point lasers business closure headwind from 2024; Adjusted EBITDA and Adjusted EBITDA margin of approximately $215 million – $230 million and 24.5% – 25.5%, respectively; includes a foreign exchange rate headwind to adjusted EBITDA of approximately $6 million; Adjusted Free Cash Flow of approximately $85 million – $110 million; adjusted Free Cash Flow Conversion of approximately 39% – 48% of adjusted EBITDA. Logan concluded, “We entered 2025 with approximately half of expected 2025 revenue in our backlog. We are advancing discussions on the $300 – $400 million of large order potential previously disclosed and see increased opportunities to bid on other large deals. Moreover, short order-cycle time flow business continues to reflect positive momentum from our key vertical markets.”