Mirion Technologies Q2 Results Top Estimates; Boosts FY23 Revenue Outlook

(RTTNews) - Mirion Technologies, Inc. (MIR) reported Wednesday that net loss attributable to Mirion for the second quarter narrowed to $27.7 million or $0.14 per share from $58.6 million or $0.32 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.08 per share, compared to $0.13 per share in the year-ago quarter.

Total revenues for the quarter grew 12.2 percent to $197.2 million from $175.8 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.06 per share on revenues of $190.49 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2023, the company now projects adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 8 to 10 percent, with organic revenue growth of 6 to 8 percent.

Previously, the company expected adjusted earnings in a range of $0.28 to $0.34 per share, on revenue growth of 6 to 9 percent, with organic revenue growth of 4 to 7 percent.

The Street is currently looking for earnings of $0.31 per share on revenues of $774.87 million for the year.

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