financetom
Business
financetom
/
Business
/
Mirion Technologies Unveils 2028 Outlook; Approves $100 Million Share Repurchase
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Mirion Technologies Unveils 2028 Outlook; Approves $100 Million Share Repurchase
Dec 3, 2024 5:05 AM

07:33 AM EST, 12/03/2024 (MT Newswires) -- Mirion Technologies ( MIR ) on Tuesday provided 2028 financial targets, projecting revenue of approximately $1.1 billion with 6% to 8% organic growth and an adjusted earnings before interest, taxes, depreciation, and amortization margin of 30%.

For 2025, the company said it anticipates revenue growth of 4% to 6%, factoring in a 150 basis point foreign exchange headwind.

The company said its board has also authorized an up to $100 million share repurchase program for its Class A common stock to offset dilution from its 2021 Omnibus Incentive Plan and enhance capital structure flexibility. Purchases may be made via open market transactions, private deals, or block purchases, with timing and pricing unspecified, Mirion ( MIR ) said.

Mirion ( MIR ) said it will provide the financial outlook at the Investor Day, hosted later today.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Patriot Battery Metals Announcing C$75 Million Flow-Through Financing; Shares Jumped 13% Last Friday
Patriot Battery Metals Announcing C$75 Million Flow-Through Financing; Shares Jumped 13% Last Friday
May 21, 2024
09:22 AM EDT, 05/21/2024 (MT Newswires) -- Patriot Battery Metals Inc. ( PMETF ) , which jumped 13% last Friday, before the holiday weekend, announced Tuesday that it has received firm commitments to raise approximately C$75 million (before costs) via a fully subscribed charity flow-through offer of approximately 5.16 million common shares of the company at an issue price of...
Consol Energy Resumes Coal Shipments From Marine Terminal in Baltimore
Consol Energy Resumes Coal Shipments From Marine Terminal in Baltimore
May 21, 2024
09:24 AM EDT, 05/21/2024 (MT Newswires) -- Consol Energy ( CEIX ) said Tuesday it has resumed coal shipments to global markets from its Marine Terminal in Baltimore. The shipments were halted due to the shutdown of the terminal after the March 26 collapse of the Francis Scott Key bridge, the company added. The first shipment left the terminal on...
Robinhood Lowers Rates for Margin Loans
Robinhood Lowers Rates for Margin Loans
May 21, 2024
09:29 AM EDT, 05/21/2024 (MT Newswires) -- Robinhood Markets ( HOOD ) said Tuesday it has lowered the interest rates it offers for margin loans to range of 5.7% to 6.75%, depending on the customer's margin balance. Price: 21.08, Change: +0.24, Percent Change: +1.15 ...
CME Group's BrokerTec Adds Corporate Bonds, Mortgage-Backed Securities Trading
CME Group's BrokerTec Adds Corporate Bonds, Mortgage-Backed Securities Trading
May 21, 2024
09:25 AM EDT, 05/21/2024 (MT Newswires) -- CME Group ( CME ) said Tuesday that its trading platform BrokerTec Quote is adding repurchase agreements on corporate bonds and mortgage-backed securities to its offerings. The company said US corporate bonds began trading on Monday, while trading for mortgage-backed securities will begin by the end of June. CME also said its US...
Copyright 2023-2026 - www.financetom.com All Rights Reserved