Mirion Technologies Inc (MEX:MIR)

Q1 2025 Mirion Technologies Inc Earnings Call Transcript

Apr 30, 2025 / 03:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Mirion Technologies Inc (MIR) reported a strong start to 2025 with a 62% conversion of adjusted EBITDA to free cash flow, totaling $29 million.
First quarter orders grew by 11.5%, driven largely by nuclear power orders, marking the best first quarter performance since going public.
The acquisition of OncoSpace, a cloud-native data analytics platform, is expected to enhance Mirion's cancer care portfolio and go-to-market strategy.
First quarter organic revenue grew by 6%, with nuclear power contributing double-digit revenue growth.
Adjusted EPS increased by 67% to $0.10 per share compared to the first quarter of 2024.

Negative

The medical segment experienced a decline in orders due to the timing of recurring dosimetry services orders.
There is uncertainty in the market dynamics, particularly with the impact of tariffs and foreign exchange rates.
China accounts for a significant tariff exposure, with a potential $7 to $9 million headwind for 2025.
The labs and research business saw a 19% revenue decline, partly due to timing and contractual scrutiny from the Department of Energy.
The company remains cautious about the potential impact of government procurement processes on its $300 to $400 million pipeline.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MIR.N - Mirion Technologies Inc
Q1 2025 Mirion Technologies Inc Earnings Call
Apr 30, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, greetings and welcome to the Marion technologies first quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation.

If anyone should require operator assistance during the conference call, please signal the operator by pressing and 0 on your telephone keypad.

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Eric Lin, VP of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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