Core Insights - The U.S. government and major tech companies are supporting nuclear energy expansion to drive economic growth and support the energy demands of artificial intelligence [1][2][8] - The U.S. aims to triple nuclear energy capacity by 2050, with recent executive orders to accelerate this initiative [2] - Major tech firms like Meta, Microsoft, and Amazon are entering nuclear energy agreements to support their AI operations while reducing fossil fuel reliance [3][4] Industry Overview - The global investment in clean energy technologies is projected to reach $2.5 trillion by 2025, driven by significant capital expenditures from tech companies [5] - Nuclear energy is seen as a critical component in the transition to a sustainable energy landscape, particularly in relation to AI growth [5] Company Insights - Mirion Technologies specializes in radiation safety and is positioned to benefit from the nuclear energy industry's expansion, with a focus on next-generation nuclear reactors [7][9] - Mirion's revenue from nuclear power is expected to account for approximately 40% in 2024, with projected sales growth of over 5% in 2025 [15] - Rolls-Royce has seen significant stock growth and is leveraging its expertise in nuclear propulsion to develop small modular reactors, with a projected 31% growth in adjusted earnings for FY25 [16][21]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Mirion Technologies, Inc. (MIR) is identified as a suitable candidate that has shown a solid price increase of 29% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - The stock has also experienced a price increase of 23.6% over the past four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Strength Indicators - MIR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [7]. - The Average Broker Recommendation for MIR is 1 (Strong Buy), suggesting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Investment Opportunities - In addition to MIR, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities for trend-focused investors [8]. - The article suggests that investors can explore over 45 Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8].

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Mirion Technologies, Inc. (MIR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Mirion Technologies, Inc. is a member of our B ...

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Mirion Technologies, Inc. (MIR) is identified as a suitable candidate that has shown a solid price increase of 4% over the past 12 weeks, reflecting investor confidence [4]. - A significant price increase of 23.7% over the last four weeks further confirms that the upward trend for MIR is intact, with the stock currently trading at 80.8% of its 52-week high-low range, suggesting a potential breakout [5]. Group 2: Fundamental Strength - MIR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating the effectiveness of this ranking in identifying strong investment opportunities [7]. - The Average Broker Recommendation for MIR is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Insights - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen, encouraging investors to explore these options for potential investments [8]. - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9].

[PART I - FINANCIAL INFORMATION](index=5&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) The company's Q1 2025 financial statements reflect improved performance with increased revenues, a shift to net income, and higher operating cash flow compared to the prior year Consolidated Statement of Operations Highlights (Q1 2025 vs Q1 2024) | Metric | Three Months Ended March 31, 2025 (in millions) | Three Months Ended March 31, 2024 (in millions) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Revenues** | $202.0 | $192.6 | +4.9% | | **Gross Profit** | $96.1 | $87.1 | +10.3% | | **Income (Loss) from Operations** | $8.7 | $(4.9) | N/A | | **Net Income (Loss)** | $0.4 | $(26.5) | N/A | | **Diluted EPS** | $0.00 | $(0.13) | N/A | Consolidated Balance Sheet Highlights | Metric | March 31, 2025 (in millions) | December 31, 2024 (in millions) | | :--- | :--- | :--- | | Cash and cash equivalents | $185.8 | $175.2 | | Total Current Assets | $590.2 | $594.7 | | Goodwill | $1,439.6 | $1,426.2 | | Total Assets | $2,625.6 | $2,636.0 | | Total Liabilities | $1,068.9 | $1,076.9 | | Total Stockholders' Equity | $1,556.7 | $1,559.1 | Consolidated Statement of Cash Flows Highlights (Q1 2025 vs Q1 2024) | Metric | Three Months Ended March 31, 2025 (in millions) | Three Months Ended March 31, 2024 (in millions) | | :--- | :--- | :--- | | Net cash provided by operating activities | $35.6 | $6.0 | | Net cash used in investing activities | $(7.6) | $(12.9) | | Net cash (used in) provided by financing activities | $(21.2) | $0.2 | [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) These notes provide detailed insights into the company's accounting policies, segment performance, debt structure, and other financial items, including a significant remaining performance obligation and the resolution of specific litigation - The company's remaining performance obligations for all open customer contracts stood at approximately **$813.5 million** as of March 31, 2025, with about **47%** expected to be recognized as revenue during 2025[44](index=44&type=chunk) - The 'Technologies' segment was renamed to 'Nuclear & Safety' during the year ended December 31, 2024[120](index=120&type=chunk) - In November 2024, the company reached an agreement to modify a contract with a Russian customer, leading to the rescission of a **$21 million** claim against the company, and a separate settlement resulted in an agreement to refund **€4.4 million**[103](index=103&type=chunk)[104](index=104&type=chunk) Segment Revenue and Operating Income (Q1 2025 vs Q1 2024) | Segment | Revenue Q1 2025 (in millions) | Revenue Q1 2024 (in millions) | Operating Income Q1 2025 (in millions) | Operating Income Q1 2024 (in millions) | | :--- | :--- | :--- | :--- | :--- | | Medical | $68.6 | $66.8 | $6.7 | $1.4 | | Nuclear & Safety | $133.4 | $125.8 | $21.7 | $12.6 | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management attributes revenue growth and the shift to net income to pricing and volume increases, particularly in Nuclear & Safety, while highlighting strong liquidity and ongoing geopolitical and trade risks Reconciliation of Net Income (Loss) to Adjusted EBITDA | Metric (in millions) | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net income (loss) | $0.4 | $(26.5) | | Interest expense, net | $10.6 | $13.8 | | Income tax expense | $0.2 | $1.2 | | Amortization | $25.4 | $31.5 | | Depreciation | $8.3 | $7.3 | | **EBITDA** | **$44.9** | **$27.3** | | Stock-based compensation expense | $3.4 | $3.6 | | Increase in fair value of warrant liabilities | — | $5.7 | | Foreign currency (gain) loss, net | $(2.8) | $0.8 | | Non-operating expenses | $1.2 | $2.1 | | **Adjusted EBITDA** | **$46.7** | **$39.5** | - The Medical segment revenue increase was driven by recovery in the Nuclear Medicine (NucMed) division and domestic sales, partially offset by an ERP implementation delay in the RTQA business and the exit from the lasers product line[189](index=189&type=chunk)[203](index=203&type=chunk) - The Nuclear & Safety segment revenue increase was primarily due to organic volume growth of **$6.9 million** and pricing increases of **$2.2 million**[190](index=190&type=chunk)[205](index=205&type=chunk) - The company amended its revolving line of credit on March 21, 2025, increasing commitments from **$90.0 million** to **$175.0 million** and extending the maturity date to March 21, 2030[83](index=83&type=chunk)[219](index=219&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company reports no material changes to its quantitative and qualitative disclosures about market risk for the three months ended March 31, 2025, compared to the disclosures in its Annual Report on Form 10-K for the year ended December 31, 2024 - There have been no material changes to the disclosures regarding market risk since the last Annual Report on Form 10-K[233](index=233&type=chunk) [Item 4. Controls and Procedures](index=48&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, evaluated the company's disclosure controls and procedures and concluded they were effective as of March 31, 2025, with no material changes to internal control over financial reporting during the quarter - The Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective as of March 31, 2025[235](index=235&type=chunk) - No changes occurred during the quarter ended March 31, 2025, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[237](index=237&type=chunk) [PART II - OTHER INFORMATION](index=48&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=49&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to various legal actions arising in the ordinary course of business, with management not expecting a material effect on its business or financial condition from their resolution - The company states that the resolution of current legal proceedings is not expected to have a material effect on its business or financial condition[239](index=239&type=chunk) [Item 1A. Risk Factors](index=50&type=section&id=Item%201A.%20Risk%20Factors) The company reiterates its risk factors, emphasizing the potential impact of global economic conditions, geopolitical tensions, tariffs, and trade barriers on its operations and financial results - The company highlights significant risks from worldwide economic conditions, international trade disputes, tariffs, and geopolitical tensions, which could increase costs and adversely affect business[242](index=242&type=chunk) - Revenue generated outside of North America accounted for approximately **37%** of net sales for the year ended December 31, 2024, making international sales a material part of the business and subject to global risks[243](index=243&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=50&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details its share repurchase activity under a program authorized in December 2024, including the repurchase of **1,160,000 shares** at an average price of **$16.00 per share** during Q1 2025 Issuer Purchases of Equity Securities (Q1 2025) | Period | Total Shares Purchased | Average Price Paid per Share | Approx. Dollar Value Remaining (in millions) | | :--- | :--- | :--- | :--- | | Jan 1 - 31, 2025 | — | $— | $— | | Feb 1 - 28, 2025 | 1,160,000 | $16.00 | $81.4 | | Mar 1 - 31, 2025 | — | $— | $— | [Item 5. Other Information](index=51&type=section&id=Item%205.%20Other%20Information) The company reports that on February 19, 2025, Brian Schopfer, the Chief Financial Officer, adopted a Rule 10b5-1 trading plan for the potential sale of up to **150,000 shares** of Class B common stock - Brian Schopfer, Chief Financial Officer, adopted a Rule 10b5-1 trading plan on February 19, 2025, for the potential sale of up to **150,000 shares** of Class B common stock, effective from May 21, 2025, to May 20, 2026[255](index=255&type=chunk)[256](index=256&type=chunk)

Financial Data and Key Metrics Changes - The company reported $29 million of adjusted free cash flow, representing a 62% conversion of adjusted EBITDA [6] - First quarter orders grew by 11.5%, primarily driven by nuclear power orders, marking the best first quarter performance since going public [6][10] - Adjusted EBITDA totaled $47 million, an 18.2% increase year-over-year, with margins improving by 260 basis points to 23.1% [8][23] - Adjusted EPS increased by 67% to $0.10 per share compared to $0.06 in Q1 2024 [9][24] Business Line Data and Key Metrics Changes - Organic revenue grew by 6% year-over-year, with significant contributions from the nuclear power end market [8][22] - The Nuclear Safety segment saw first quarter revenue of $133.4 million, a 6% increase, with organic revenue up 7.6% [24] - The Medical segment reported first quarter revenue of $68.6 million, a 2.7% increase, with organic revenue growth of 3% [27][29] Market Data and Key Metrics Changes - The nuclear power market is expected to see high single-digit growth for the full year, driven by the existing installed base [25][70] - The company noted that 79% of the year-over-year nuclear power order growth came from the existing nuclear fleet [15][66] - The 2024 National Nuclear Energy Public Opinion Survey indicated that over 75% of Americans support the use of nuclear energy, reflecting growing public and political support [12] Company Strategy and Development Direction - The company aims for adjusted EBITDA margins of 30% by 2028, supported by operating leverage and procurement savings [8][15] - The acquisition of OncoSpace, a cloud-native data analytics platform, is expected to enhance the company's cancer care portfolio and go-to-market strategy [6][7] - The company is maintaining a disciplined approach to M&A activity amid uncertain market dynamics [7][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for large one-time opportunities in the pipeline, estimated at $300 to $400 million [10][20] - The company is well-positioned to navigate the current economic environment, with over 70% of revenue being recurring or repeat in nature [14][19] - Management reaffirmed full-year guidance for organic revenue growth, adjusted EBITDA, adjusted EPS, and adjusted free cash flow [20][32] Other Important Information - The company repurchased 1.2 million shares for $18.6 million as part of its capital deployment strategy [9][31] - The expected tariff exposure for 2025 is estimated to be between $3 million tailwind and $8 million headwind, with mitigating actions in place [19][20] Q&A Session Summary Question: Can you elaborate on the situation in China regarding tariffs? - Management indicated that most exposure comes from medical equipment produced in the U.S. and that there is potential for some products to be exempt from retaliatory tariffs [38] Question: What is the timeline for the $300 to $400 million pipeline? - Management expects a majority of contracts to be awarded within 2025, with projects being larger than typical flow business [47] Question: How is the company positioned regarding pricing power? - Management believes that competitive advantages may strengthen due to anticipated long-term tariff scenarios, potentially enhancing pricing power [78]

Financial Performance - Mirion's Q1 2025 revenue reached $202 million, reflecting a 49% total increase and a 60% organic growth compared to Q1 2024[10, 19] - Adjusted EBITDA for Q1 2025 was $467 million, an 182% increase from Q1 2024, with a margin expansion of 260 bps[9, 10] - Adjusted EPS increased by 667% to $010 in Q1 2025 from $006 in Q1 2024[22] - Adjusted Free Cash Flow for Q1 2025 was $29 million, a significant improvement compared to previous years[9, 39] Orders and Backlog - Strong Q1 orders with an 115% increase compared to Q1 2024, indicating consistent demand[9, 10] - The company repurchased 116 million shares in Q1 2025 as part of its capital deployment strategy[11] - Backlog trend shows a slight decrease of 1% vs adjusted Q1 2024, reaching $814 million in Q1 2025[48] Segment Performance - Nuclear & Safety segment revenue grew by 60% in Q1 2025, with organic growth of 76%[25] - Medical segment revenue increased by 27% in Q1 2025, with organic growth of 30%[32] Guidance and Outlook - The company reaffirms its 2025 guidance for Organic Revenue Growth (55% - 75%), Adjusted EBITDA ($215 - $230 million), Adjusted FCF, and Adjusted EPS[41]

Company Performance - Mirion Technologies reported quarterly earnings of $0.10 per share, matching the Zacks Consensus Estimate, and an increase from $0.06 per share a year ago [1] - The company posted revenues of $202 million for the quarter ended March 2025, slightly missing the Zacks Consensus Estimate by 0.39%, but showing growth from $192.6 million year-over-year [2] - Over the last four quarters, Mirion Technologies has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates two times [2][3] Stock Outlook - Mirion Technologies shares have declined approximately 11.8% since the beginning of the year, compared to a 6% decline in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.11 on revenues of $218.1 million, and for the current fiscal year, it is $0.47 on revenues of $906.5 million [7] Industry Context - The Technology Services industry, to which Mirion Technologies belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5][6]

News Release Exhibit 99.1 Mirion Announces First Quarter 2025 Financial Results and Updates Full Year Guidance Atlanta, GA – April 29, 2025 – Mirion ("we" or the "company") (NYSE: MIR), a global provider of radiation detection, measurement, analysis, and monitoring solutions to the nuclear, medical, defense, and research end markets, today announced results for the first quarter ended March 31, 2025. Mirion has reaffirmed 2025 Organic Revenue growth, Adjusted EBITDA, Adjusted EPS, and Adjusted Free Cash Flo ...

Core Viewpoint - Mirion Technologies, Inc. (MIR) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Ratings - The Zacks rating system is primarily based on a company's changing earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [2]. - The Zacks rating upgrade for Mirion Technologies reflects a positive outlook on its earnings, which is expected to positively impact its stock price [4][6]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to significant price movements based on their investment actions [5]. Recent Performance of Mirion Technologies - For the fiscal year ending December 2025, Mirion Technologies is projected to earn $0.47 per share, representing a 14.6% increase from the previous year [9]. - Over the past three months, the Zacks Consensus Estimate for Mirion Technologies has increased by 2.6%, indicating a positive trend in earnings estimates [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Mirion Technologies to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [11].