Mirion Technologies Inc (MEX:MIR)

Q1 2026 Mirion Technologies Inc Earnings Call Transcript

Apr 29, 2026 / 02:00 PM GMT

Release Date Price: MXN375.7

Transcript 10-Q8-K

Key Points

Positve

Mirion Technologies Inc (MIR) reported a strong start to 2026 with a 19% increase in first-quarter orders, excluding M&A-related growth.
The company's backlog expanded significantly, totaling $1.1 billion, up 19% excluding M&A, or 38% including M&A.
Mirion Technologies Inc (MIR) secured $50 million in large opportunity orders in Q1 and an additional $35 million in SMR-related orders in April.
The integration of Paragon and Certrec acquisitions is progressing well, contributing to a 45% revenue growth for Paragon in the first quarter.
The medical segment showed promising activity, with double-digit organic revenue growth in the RTQA end market and a strong partnership with Varian.

Negative

Margins contracted in the first quarter due to margin dilutive M&A, one-time events in the prior year, and a mix shift in the legacy nuclear and safety segment.
First quarter adjusted free cash flow was only $11 million, with cash generation historically light in Q1.
The medical segment faced challenges in the Asian markets, with some hesitancy in Japan despite positive momentum in China.
The nuclear and safety segment's adjusted EBITDA margins contracted, partly due to M&A and mix shifts.
The company is facing a tough comp in the second quarter due to significant product shipments to China in the prior year before tariffs went into effect.

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

MIR.N - Mirion Technologies Inc
Q1 2026 Mirion Technologies Inc Earnings Call
Apr 29, 2026 / 02:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Greetings, and welcome to the Marian Technologies First Quarter 2026 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, please press *0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Eric Lin, Treasurer and Head of Investor Relations.

Thank you. You may begin.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.