The company's coffers will soon be much fuller.Mirion Technologies (MIR 10.87%), a company that specializes in radiation safety products, was positively radiant on the stock exchange Friday. Investors bid its stock up by almost 11% across the trading session, on several pieces of financing news and an analyst's positive take. That rise was well higher than the 0.6% advance of the S&P 500 index on the day.Going to the money wellJust after midnight Thursday, Mirion set the pricing of a planned secondary stock ...

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... ...

ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc. ("Mirion†) (NYSE: MIR), today announced the pricing of an underwritten public offering of 17,309,846 shares of Mirion's Class A common stock at a public offering price of $21.35 per share (the "common stock offering†). The size of the common stock offering was increased from the previously announced $350.0 million of shares of Class A common stock. In addition, Mirion granted the underwriters an option to purchase up to an additional 2,596,476. ...

ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc. ("Mirion†) (NYSE: MIR), today announced the pricing of $325.0 million aggregate principal amount of 0.00% Convertible Senior Notes due 2031 (the "notes†) in a private placement (the "convertible notes offering†) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act†). The size of the convertible notes offering was increased from the previously. ...

ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc. ("Mirion†) (NYSE: MIR) today announced the commencement of an underwritten public offering of $350.0 million of shares of Mirion's Class A common stock (the "common stock offering†). Mirion also intends to grant the underwriters a 30-day option to purchase up to an additional $50.0 million of shares of its Class A common stock at the public offering price, less underwriting discounts and commissions. The common stock offering is subject to mar. ...

ATLANTA--(BUSINESS WIRE)--Mirion Technologies, Inc. ("Mirion†) (NYSE: MIR), today announced its intent to offer $250.0 million aggregate principal amount of Convertible Senior Notes due 2031 (the "notes†) in a private placement (the "convertible notes offering†) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act†). Mirion also intends to grant the initial purchasers of the notes an option to. ...

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 ...

**行业与公司** - 纪要涉及公司为Mirion Technologies（NYSE: MIR）及其收购目标Paragon Energy Solutions 两家公司均专注于核能行业 其中Mirion提供核辐射检测与安全解决方案 Paragon专注于核反应堆关键系统技术与部件供应[1][2][3] - 行业背景为核能复苏 包括大型核电站升级、小型模块化反应堆（SMR）发展及政府政策支持（如特朗普政府推动）[3][6][7] **核心交易细节** - 收购价格5.85亿美元 对应2026年预期EBITDA倍数约为18倍（协同效应后降至14倍）[10] - 预计协同效应带来年均1000万美元成本与商业收益 首年完全摊薄每股收益增加0.02-0.03美元[10][11] - 融资通过高盛承诺 计划混合股权、债务或股权挂钩工具 目标将净负债/调整后EBITDA维持在3.5倍以下（长期目标低于2.5倍）[10] - 交易预计2025年底完成[10] **战略协同与业务互补** - Paragon覆盖北美100%核反应堆 全球服务140+反应堆 提供超过20000种专用部件[4][8][31] - 关键技术包括反应堆保护系统（RPS）品牌HIPS 唯一针对SMR设计且获美国核管会近十年批准的新系统[5][6] - 收购使Mirion核能业务收入占比从37%提升至45% 并预计使SMR相关收入翻倍[9][6] - 协同效应包括交叉销售（如Mirion产品通过Paragon客户关系渗透）、成本效率（采购优化、Mirion业务系统整合）及人才整合（150名工程师）[11][12][4] **增长驱动与市场前景** - Paragon过去三年收入复合年增长率（CAGR）13% 主要为有机增长[25][41] - 94%收入来自现有核电站基座 增长动力包括容量升级、寿命延长、数字化改造及SMR发展[8][42][43] - 美国SMR容量预计2040年达6-10吉瓦 对应约20个SMR反应堆2030年前投建[7] - 国际原子能机构（IAEA）预测2050年全球核能装机达1太瓦 其中5%-20%由SMR贡献[34] **风险与挑战** - Mirion下调2025年有机收入指引 主因中国实验室仪器订单放缓（贸易动态影响）及某金矿客户订单延迟[20][21] - 核安全板块实验室业务受美国政府预算削减影响（尤其是DOGE相关项目）[48] - Paragon利润率暂低于Mirion核板块平均水平 但通过整合与协同效应有望改善[26][27] **其他关键信息** - Mirion近期收购Ceratec（核能软件）与Paragon形成互补 强化从核电站建设到退役的全周期服务能力[16][17] - 公司强调人才资本价值 Paragon团队在SMR领域布局前瞻 减少Mirion未来招聘需求[3][12][28] - M&A管道活跃 未来可能拓展核医学等相邻领域[18][51] **数据与单位换算** - 收购价5.85亿美元（$585 million）[10] - 协同效应1000万美元/年（$10 million annualized）[10][11] - SMR容量6-10吉瓦（6-10 gigawatts）[7] - 全球核反应堆服务140+座（140+ reactors）[4]

收购与财务影响 - Mirion以现金无债务的方式收购Paragon Energy Solutions，交易价格为5.85亿美元[27] - 预计2026年Paragon的收入约为1.5亿美元，调整后的EBITDA利润率为20%-22%[38] - 交易的估值倍数约为2026年调整后EBITDA的18倍，考虑协同效应后为14倍[27] - 收购预计在2025年底完成，需满足常规监管审批和交割条件[28] - 预计收购将在第一年内对每股稀释收益产生积极影响[27] - 收购后，Mirion的净债务与调整后EBITDA比率预计将达到3.5倍或更低[27] 市场与用户数据 - Paragon在2024年将小型模块化反应堆(SMR)团队人数翻倍，以满足日益增长的需求[20] - Paragon约94%的收入来自大型核电厂，Mirion的核电收入预计将占其合并后收入的约45%[25] 协同效应与未来展望 - 预计协同效应将包括第一年约100万美元，第二年约300万美元，第三年约600万美元，第四年约900万美元，第五年约1000万美元的商业和成本协同[30] - Mirion计划利用其全球网络推动Paragon在美国以外的销售增长[34]

Mirion Technologies Inc. (NYSE:MIR) said Wednesday it agreed to buy Paragon Energy Solutions from Windjammer Capital Investors in a $585 million all-cash deal, expanding its offerings for nuclear power and small modular reactors (SMRs). Paragon, based in Fort Worth, Texas, provides engineered components and digital reactor protection systems for every operating reactor in North America. The company is projected to generate about $150 million in revenue by 2026 and have profit margins above 20%. Mirion sai ...