Tariffs, trade barriers, and export controls
The company sells globally and relies on cross-border supply and customer access.
- Scope
- International operations and sales
- Materiality
- high
Mirion Technologies, Inc.
Mirion Technologies designs radiation detection, measurement, monitoring, and analysis products, software, and services used in nuclear, medical, defense, and scientific applications. The company helps customers safely use ionizing radiation in highly regulated environments, with a business built around technical qualification, reliability, and long-lived installed bases.
20,5 %
47,4 %
3,1 %
+7,5 %
2.83
2.34
| % | |
|---|---|
| Nuclear & Safety | 72% Radiation measurement, monitoring, and safety products for nuclear power, labs, defense, and industrial users. |
| Medical | 28% Radiation safety and dosimetry solutions for cancer centers, imaging facilities, and healthcare workers. |
Mirion sells to customers that operate in regulated, radiation-intensive environments where precision and compliance...
- Nuclear power operatorsprimary
Buy plant instrumentation, monitoring, and safety systems for operating fleets, upgrades, and decommissioning.
- SMR developers and new nuclear entrantsprimary
Buy highly engineered solutions and qualification-ready products for new reactor builds.
- Medical centers and hospitalsprimary
Buy dosimetry, imaging safety, and radiation protection tools to support patient and staff safety.
- Government and defense customerssecondary
Buy detection and monitoring systems for mission-critical radiation safety and security use cases.
- Laboratories and research institutionssecondary
Buy measurement, analysis, and monitoring products for scientific and industrial radiation applications.
Mirion is headquartered in Atlanta and operates across North America, Europe, and Asia, with facilities and sales...
- •Headquartered in Atlanta, Georgia, with global operations
- •Sales offices across North America, Europe, and Asia
- •Manufacturing and operating footprint in Europe and Asia
- •Revenue exposure to nuclear, medical, and defense markets worldwide
- •Russia-related projects create geopolitical and sanctions exposure
Mirion is expanding its installed base and product breadth through acquisitions, cross-selling, and deeper penetration...
01
Integrate Paragon and expand U.S. nuclear power coverageshort-term
Adds engineered solutions for large reactors and SMRs and deepens the U.S. market position.
02
Grow through cross-selling and installed-base upgradesmedium-term
The company can sell more products into existing nuclear and medical customers with high qualification barriers.
03
Sustain technical differentiation through R&D and qualificationslong-term
Regulated customers value reliability, compliance, and validated performance over commodity pricing.
Mirion’s results depend on regulated end markets, long qualification cycles, and customer willingness to adopt...
Russia and Ukraine sanctions exposure
The company has Russian-related projects, receivables, guarantees, and backlog exposure.
- Scope
- Predominantly Nuclear & Safety
- Materiality
- high
Acquisition integration risk
Expected benefits from Paragon depend on successful integration and retention of customer relationships.
- Scope
- Paragon acquisition
- Materiality
- high
Regulatory and qualification risk
Customers require strict product specifications and approvals, which can delay revenue conversion.
- Scope
- Nuclear, defense, and medical end markets
- Materiality
- high
Competitive pricing and customer concentration in regulated niches
Customers compare reliability, technical capability, and price, which can pressure margins.
- Scope
- Nuclear & Safety and Medical
- Materiality
- medium
Remaining performance obligations
Revenue timing and backlog visibility
Business combinations and purchase accounting
Goodwill, intangibles, and future impairment risk
Valuation allowances and tax differences
Reported tax expense and net income
Stock-based compensation and debt costs
Earnings, dilution, and cash flow presentation
: 28.4.2026