Mirion Technologies' fourth-quarter performance falls short of expectations, and the stock price declines

Investing.com – Mirion Technologies Inc. (NYSE:MIR) reported its Q4 earnings on Tuesday, which fell short of analyst expectations, causing the company’s stock to drop 4.3% in after-hours trading.

The radiation detection and monitoring solutions provider reported adjusted earnings per share of $0.15, below the consensus of $0.16. Revenue was $277.4 million, slightly below the consensus estimate of $278.85 million, but up 9.1% from $254.3 million in the same period last year.

Despite overall growth in the company’s performance, the earnings and revenue miss seemed to disappoint investors. The quarter’s adjusted EBITDA was $77.6 million, up 11.5% from $69.6 million a year earlier.

Mirion Chairman and CEO Thomas Logan stated, “Mirion has had another successful year, highlighted by record order volume, strong momentum in key strategic end markets, and an expanding nuclear product portfolio. We secured over $1 billion in orders in 2025, including approximately $150 million from previously indicated large opportunity pipelines.”

For fiscal year 2026, Mirion expects total revenue growth of 22.0% to 24.0%, with organic revenue growth of 5.0% to 7.0%. The company projects adjusted EBITDA of $285 million to $300 million, with an operating margin of approximately 25.0% to 26.0%.

Adjusted EPS for 2026 is expected to be between $0.50 and $0.57, already including stock-based compensation. The company also anticipates adjusted free cash flow of $155 million to $175 million.

This guidance reflects what Logan described as “fundamentals supporting revenue growth, margin expansion, and enhanced adjusted free cash flow generation.”

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