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Mirion Technologies (MIR) Q4 FY2023 earnings: revenue $230 million, up 5.7% on the year

Mirion Technologies, Inc. (MIR) reported revenue of $230 million for Q4 FY2023, the quarter ended 31 December 2023, up 5.7% on the same quarter a year earlier. Net income was -$15 million, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.

Revenue$230 millionup 5.7%
Net income-$15 million
Diluted EPS$-0.07
QuarterQ4 FY2023ended 31 December 2023

The quarter, against the one before and a year earlier

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Revenue230191n/an/a
Cost of revenue122110n/an/a
Gross profit10880.8n/an/a
Gross margin47.1%42.3%n/a
Research and development7.87.9n/an/a
Selling, general and administrative87.383.7n/an/a
Operating income13.4-11.1n/an/a
Operating margin5.8%-5.8%n/a
Interest expense15.815.5n/an/a
Pre-tax income-18.0-13.7n/an/a
Income tax-3.5-0.8n/an/a
Net income-15.2-12.1n/an/a
Net margin-6.6%-6.3%n/a
Diluted EPS-$0.07-$0.06n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Operating cash flow67.023.8n/an/a
Capital expenditure11.99.4n/an/a
Free cash flow55.114.4n/an/a
Free cash flow margin23.9%7.5%n/a
Cash from investing-42.4-9.4n/an/a
Cash from financing0.60.2n/an/a
Share-based compensation4.23.8n/an/a
Buybacksn/a0.0n/an/a
Diluted shares, weighted196m199mn/an/a
Shares outstanding at period end19m19mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2023Q3 FY2023A year earlierChange on the year
Shareholders' equity1,4841,479n/an/a
Non-controlling interest65.564.6n/an/a
Deposits8.512.5n/an/a
Debt686684n/an/a
Operating lease liabilities28.128.9n/an/a
Finance lease liabilities0.10.1n/an/a
Other liabilities446390n/an/a
Total liabilities and equity2,7182,659n/an/a
Fixed assets134129n/an/a
Goodwill1,4481,415n/an/a
Intangible assets539549n/an/a
Cash and equivalents129100n/an/a
Receivables172152n/an/a
Inventory144156n/an/a
Other assets152158n/an/a
Total assets2,7182,659n/an/a

Questions

What was Mirion Technologies' revenue in Q4 FY2023?

Mirion Technologies (MIR) reported revenue of $230 million for Q4 FY2023, the quarter ended 31 December 2023, up 5.7% on the same quarter a year earlier.

How much did Mirion Technologies earn in Q4 FY2023?

Net loss for Q4 FY2023 was $15 million, and the diluted loss per share $0.07.

When did Mirion Technologies report Q4 FY2023 results?

Mirion Technologies filed its 10-K for the year that ended with the quarter on 28 February 2024; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue191230193207207254202223223277258267
Cost of revenue110122106110114132106120119142138134
Gross profit80.810887.197.492.912296.1102104136119133
Gross margin42%47%45%47%45%48%48%46%47%49%46%50%
R&D7.97.87.98.810.28.18.710.010.110.19.610.1
SG&A83.787.384.187.584.385.278.782.687.099.9106105
Operating income-11.113.4-4.92.3-1.629.08.79.97.425.53.717.9
Operating margin-6%6%-3%1%-1%11%4%4%3%9%1%7%
Interest expense15.515.815.515.114.113.2n/an/an/an/an/an/a
Pre-tax income-13.7-18.0-25.3-11.3-13.015.70.67.81.223.1-5.211.3
Tax raten/an/an/an/an/a-1%33%-9%-158%23%n/a28%
Net income-12.1-15.2-25.8-11.7-13.615.00.38.32.917.3-3.47.7
Net margin-6%-7%-13%-6%-7%6%0%4%1%6%-1%3%
Diluted EPS-$0.06-$0.07-$0.13-$0.06-$0.07$0.08$0.00$0.03$0.01n/a-$0.01$0.03
Operating cash flow23.867.06.015.217.160.835.612.422.373.018.958.5
Capital expenditure9.411.912.811.113.211.78.58.89.39.89.510.4
Free cash flow14.455.1-6.84.13.949.127.13.613.063.29.448.1
Buybacks0.0n/a0.01.00.01.018.631.00.0n/a16.025.0
Shares outstanding19m19m19m19m19mn/a19m19m19mn/an/an/a
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 31 December 2023, filed 28 February 2024, accession 0001628280-24-007670: the filing on EDGAR. All of Mirion Technologies, Inc.'s filings: EDGAR company page.

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