Mirion Posts 6.5% Organic Growth, Orders Surge 62%, Raises Q4 Outlook
MIR is trading near its 52-week low of $14.04 (9.8% above the low).
Summary
Mirion reported Q3 2026 organic revenue growth of 6.5%, with orders up 62% excluding acquisitions and nuclear power orders up 105%, and Q3 EPS of USD 0.03. Adjusted free cash flow came in at $47M for the quarter and $107M year-to-date, giving the company room to keep paying down debt. Management guided Q4 organic revenue growth to the mid-to-high teens and expects net leverage around 2.6x by year-end, alongside an updated 2026 outlook. The order surge, especially in nuclear power, is the standout — it points to a demand pipeline well ahead of the current revenue run rate and supports the guided Q4 acceleration. This follows the $250M buyback authorization disclosed in the August 31 8-K and the CFO's open-market purchase in early September, both of which framed management's confidence ahead of these numbers. The key question is execution: Q4 needs to deliver the mid-to-high teens organic growth and convert the order backlog into revenue with margin expansion.
At the time of this announcement, MIR was trading at $15.41 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $3.8B. The 52-week trading range was $14.04 to $30.28. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Wiseek News.