Mirion Technologies reported third-quarter orders of $340 million excluding its Paragon acquisition and the July results of Certrec, up 62% from $209 million a year earlier, and revised its 2026 guidance, the company said on October 27. Including both, orders were $386 million, up 85%.

Revenue for the quarter ended September 30 rose 24.5% to $277.8 million from $223.1 million. GAAP net income was $7.8 million, compared with $3.1 million. Adjusted EBITDA was $64.8 million, up 23.7% from $52.4 million. GAAP earnings per share were $0.03, compared with $0.01; adjusted EPS was $0.12, compared with $0.12. The current-quarter adjusted EPS calculation includes stock-based compensation expense.

Nuclear power-related orders rose 105%, Mirion said. It said it has a presence in more than 98% of commercial nuclear power plants globally and that approximately 80% of its nuclear power-related revenue comes from reactors operating today. Organic revenue rose 6.5% in the quarter, and Mirion said it expects mid-to-high teens organic revenue growth in the fourth quarter.

Adjusted free cash flow was $47 million in the quarter and $107 million year to date. Mirion said it expects to reduce net leverage to approximately 2.6x by year-end.

For the year ending December 31, 2026, Mirion said it expects revenue growth of approximately 24%-25%, previously 22%-24%, and organic revenue growth of approximately 7%-8%, previously 5%-7%.

Adjusted EBITDA guidance is approximately $285 million-$292 million at a margin of approximately 24.7%-25.2%, previously $285 million-$300 million and 25.0%-26.0%. Adjusted free cash flow guidance is approximately $170 million-$185 million, or 60%-63% of adjusted EBITDA, previously $155 million-$175 million and 54%-58%. Adjusted EPS guidance is approximately $0.50-$0.54, previously $0.48-$0.55.