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Mirion Technologies Unveils 2028 Outlook; Approves $100 Million Share Repurchase
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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.

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