Core Insights - Mirion Technologies, Inc. specializes in radiation detection and measurement solutions, serving industries such as healthcare, nuclear power, and military, positioning the company to benefit from increasing demand for advanced technological solutions [1] Performance Summary - Over the past 30 days, Mirion's stock has increased by approximately 9.70%, indicating strong investor confidence, despite a recent 5.56% decline over the last 10 days, which may present a strategic entry point for investors [2][5] Growth Potential - Analysts project a significant growth potential for Mirion, with an expected increase of 21.63% and a target price set at $27.50, reflecting substantial room for appreciation [3] Financial Health - Mirion's financial robustness is evidenced by a Piotroski Score of 8, indicating strong fundamentals in profitability, leverage, liquidity, and operating efficiency, which are crucial for sustaining growth [4][6] Strategic Positioning - The recent dip in Mirion's stock price may represent a local minimum, creating a buying opportunity, as the company is well-positioned to benefit from ongoing advancements and increased demand for innovative solutions [5]

Core Viewpoint - Mirion Technologies experienced a significant stock price increase of nearly 11% due to positive financing news and favorable analyst opinions, outperforming the S&P 500 index's 0.6% gain on the same day [1]. Financing Activities - Mirion announced a secondary stock issue, selling over 17.3 million shares of Class A common stock at $21.35 per share, expected to generate nearly $370 million in gross proceeds, exceeding the initial estimate of $350 million [2]. - The company also upsized a planned flotation of convertible senior notes, increasing the aggregate principal amount to $325 million from the original $250 million. These notes are non-interest bearing and mature in 2031 if not converted [4]. - The initial conversion rate for the notes is approximately 34.7 shares per $1,000 principal amount, translating to about $28.82 per share at the current price [5]. Use of Proceeds - The net proceeds from these financing activities will be utilized for various purposes, including funding the acquisition of Paragon Energy Solutions, a privately held nuclear engineering firm, for around $585 million in cash [6]. Investor Sentiment - Investors have shown strong confidence in Mirion's ability to quickly and effectively raise capital, as evidenced by the successful upsizing of both the stock issue and the convertible notes [7].

Shares of radiation safety firm Mirion Technologies (NYSE:MIR) jumped 12% on Friday after JPMorgan initiated research coverage with an Overweight rating and a $28 price target, suggesting an upside of... ...

Core Viewpoint - Mirion Technologies, Inc. announced the pricing of an underwritten public offering of 17,309,846 shares of its Class A common stock at a price of $21.35 per share, increasing the offering size from the previously announced $350 million [1] Group 1 - The public offering consists of 17,309,846 shares of Class A common stock [1] - The offering price is set at $21.35 per share [1] - The size of the offering was increased from the previously announced $350 million [1] Group 2 - Mirion granted underwriters an option to purchase up to an additional 2,596,476 shares [1]

Core Viewpoint - Mirion Technologies, Inc. has announced the pricing of $325.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 in a private placement to qualified institutional buyers [1] Group 1 - The convertible notes offering was increased from a previously unspecified amount [1] - The offering is conducted under Rule 144A of the Securities Act of 1933, as amended [1]

Core Viewpoint - Mirion Technologies, Inc. has announced a public offering of $350 million in shares of its Class A common stock, with an additional option for underwriters to purchase up to $50 million more [1] Group 1 - The public offering is underwritten and aims to raise a total of $350 million [1] - Mirion intends to grant underwriters a 30-day option to purchase additional shares valued at $50 million [1] - The offering is subject to market conditions [1]

Core Points - Mirion Technologies, Inc. announced its intent to offer $250.0 million aggregate principal amount of Convertible Senior Notes due 2031 in a private placement [1] - The offering is targeted at persons reasonably believed to be qualified institutional buyers under Rule 144A of the Securities Act of 1933 [1] - The company intends to grant initial purchasers of the notes an option to purchase additional notes [1]

PresentationGreetings, and welcome to the Mirion Technologies Acquisition of Paragon Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conference over to your host, Mr. Eric Linn, Treasurer and Vice President of Investor Relations. Thank you, sir. You may begin.Eric LinnVice President of Investor Relations Thank you, and good morning. Welcome to Mirion's investor call to discuss our announced acquisition of Paragon Energy Solutions. Joini ...

Summary of Mirion Technologies Conference Call on Acquisition of Paragon Energy Solutions Company and Industry - **Company**: Mirion Technologies (NYSE:MIR) - **Acquisition Target**: Paragon Energy Solutions - **Industry**: Nuclear Power and Energy Solutions Core Points and Arguments 1. **Strategic Acquisition**: Mirion announced a definitive agreement to acquire Paragon Energy Solutions, aiming to enhance its position in the U.S. nuclear power segment and broaden its international offerings [3][4][5] 2. **Human Capital**: Paragon brings a highly skilled team of approximately 150 engineers and technicians, which is seen as a critical asset for the combined company [4][5] 3. **Market Presence**: Paragon serves 100% of reactors in North America and over 140 nuclear reactors globally, indicating a strong market presence [4] 4. **Revenue Growth**: The acquisition is expected to double Mirion's potential revenue from small modular reactors (SMRs) and increase nuclear power-related revenue to 45% of consolidated revenue, up from 37% [9][10] 5. **Financial Details**: The purchase price is $585 million, representing approximately 18 times Paragon's expected 2026 EBITDA, with post-synergies valuation at about 14 times [10][11] 6. **Earnings Accretion**: The deal is expected to be accretive to earnings in the first year, adding $0.02 to $0.03 per share [10] 7. **Synergy Potential**: Expected annualized synergies of approximately $10 million by year five, driven by cost efficiencies and cross-selling opportunities [11][12] 8. **Recurring Revenue**: Approximately 94% of Paragon's revenue comes from the installed base, providing a stable revenue stream [8][42] Additional Important Content 1. **SMR Market Dynamics**: The U.S. SMR capacity could reach 6 to 10 gigawatts by 2040, with significant government support for nuclear power, enhancing growth prospects [7][35] 2. **Technological Integration**: Paragon's reactor protection system technology (HIPS) is the only modern system approved by the U.S. Nuclear Regulatory Commission in the last decade, which will enhance Mirion's product offerings [6][32] 3. **Market Challenges**: There has been a slowdown in order flow from China and a deferral of large customer orders, but the overall demand for nuclear power remains strong [20][21] 4. **Future M&A Pipeline**: Mirion is actively cultivating its M&A pipeline, with a focus on attractive adjacencies in nuclear power and nuclear medicine [18][19] 5. **Customer Relationships**: Paragon's strong customer relationships and commercial team are expected to enhance Mirion's market position and drive future growth [45][46] This summary encapsulates the key points discussed during the conference call regarding Mirion's acquisition of Paragon Energy Solutions, highlighting the strategic importance, financial implications, and market dynamics involved.

S e p t e m b e r 2 4 , 2 0 2 5 Mirion to Acquire Paragon Energy Solutions 1 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to: the acquisition of Paragon by Mirion; future financial and operating results of Paragon and Mirion; the benefits of the transaction and future opportunities for the combined company, including the benefits Mirion's customers may real ...