Mirion Technologies, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Mirion Technologies, Inc. has filed its Q1 2024 10-Q report detailing financial performance and corporate structure changes.</b>

AI Summary

Mirion Technologies, Inc. (MIR) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. Mirion Technologies, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing includes financial data for the first quarter of 2024. Key financial statement items such as common stock, additional paid-in capital, and retained earnings are detailed. The company's fiscal year ends on December 31st. Mirion Technologies, Inc. was formerly known as GS Acquisition Holdings Corp II.

Why It Matters

For investors and stakeholders tracking Mirion Technologies, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial snapshot of Mirion Technologies, Inc., crucial for assessing performance and making investment decisions. Understanding the company's financial health and any changes in its capital structure, as detailed in this report, is vital for current and potential shareholders.

Risk Assessment

Risk Level: low — Mirion Technologies, Inc. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags or significant negative disclosures, indicating a routine update.

Analyst Insight

Monitor future filings for revenue growth trends and profitability improvements in the coming quarters.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Period of Report (Quarterly filing date)
• 2024-05-01 — Filing Date (Date of submission)
• 12/31 — Fiscal Year End (Annual reporting cycle)
• 2020-04-17 — Date of Name Change (Transition from GS Acquisition Holdings Corp II)

Key Players & Entities

• Mirion Technologies, Inc. (company) — Filer name
• GS Acquisition Holdings Corp II (company) — Former company name
• 2024-03-31 (date) — Period of report
• 2024-05-01 (date) — Filing date
• 0001809987 (company) — Central Index Key
• 30318 (location) — Business address ZIP code
• 830974996 (company) — IRS number
• 1218 MENLO DRIVE (location) — Business address street

FAQ

Key Dates

• 2024-03-31: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-05-01: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with a timely update on the company's financial condition between annual reports.)

CommonClassAMember

Represents shares of Class A common stock. (Key component of the company's equity structure, relevant for ownership and voting rights.)

CommonClassBMember

Represents shares of Class B common stock. (Indicates a different class of stock, potentially with different voting rights or conversion features.)

AdditionalPaidInCapitalMember

The amount shareholders have paid for stock above its par value. (Reflects capital raised from stock issuance, impacting the company's equity.)

Key Financial Figures

• $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share MIR New York Stoc
• $11.50 M — A common stock at an exercise price of $11.50 MIR WS New York Stock Exchange Indicat

Filing Documents

• mir-20240331.htm (10-Q) — 1435KB
• exhibit101-leeemploymentag.htm (EX-10.1) — 198KB
• exhibit102-leeemploymentag.htm (EX-10.2) — 34KB
• exhibit103-leeemploymentag.htm (EX-10.3) — 14KB
• exhibit104-ulrichparticipa.htm (EX-10.4) — 14KB
• exhibit105-mirionxformofrs.htm (EX-10.5) — 159KB
• exhibit106-mirionxformofps.htm (EX-10.6) — 57KB
• exhibit107-rsuawarddirecto.htm (EX-10.7) — 48KB
• exhibit108-holdingsassumpt.htm (EX-10.8) — 27KB
• exhibit311-principalexecut.htm (EX-31.1) — 10KB
• exhibit312-principalfinanc.htm (EX-31.2) — 10KB
• exhibit321-principalexecut.htm (EX-32.1) — 5KB
• exhibit322-principalfinanc.htm (EX-32.2) — 5KB
• psumetricsa.jpg (GRAPHIC) — 161KB
• 0001628280-24-019463.txt (&nbsp;) — 10240KB
• mir-20240331.xsd (EX-101.SCH) — 73KB
• mir-20240331_cal.xml (EX-101.CAL) — 103KB
• mir-20240331_def.xml (EX-101.DEF) — 408KB
• mir-20240331_lab.xml (EX-101.LAB) — 806KB
• mir-20240331_pre.xml (EX-101.PRE) — 611KB
• mir-20240331_htm.xml (XML) — 1327KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION 5

Financial Statements (Unaudited)

ITEM 1. Financial Statements (Unaudited) 5 Unaudited Condensed Consolidated Balance Sheets 6 Unaudited Condensed Consolidated Statements of Operations 7 Unaudited Condensed Consolidated Statements of Comprehensive Loss 8 Unaudited Condensed Consolidated Statements of Stockholders' Equity 9 Unaudited Condensed Consolidated Statements of Cash Flows 10 Notes to Condensed Consolidated Financial Statements (Unaudited) 11 Note 1. Nature of Business and Summary of Significant Accounting Policies 11 Note 2. Business Combinations and Acquisitions 15 Note 3. Contracts in Progress 16 Note 4. Inventories 16 Note 5. Property, Plant and Equipment, Net 17 Note 6. Accrued Expenses and Other Current Liabilities 17 Note 7. Goodwill and Intangible Assets 18 Note 8. Borrowings 19 Note 9 . Leased Assets 22 Note 1 0 . Commitments and Contingencies 23 Note 1 1 . Income Taxes 24 Note 1 2 . Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows 25 Note 1 3 . Stock Based Compensation 25 Note 1 4 . Related-Party Transactions 27 Note 1 5 . Segment Information 28 Note 1 6 . Fair Value Measurements 29 Note 1 7 . Derivatives and Hedging 31 Note 1 8 . Loss Per Share 32 Note 1 9 . Restructuring 34 Note 2 0 . Noncontrolling Interests 34 Note 2 1 . Accumulated Other Comprehensive Loss 35 Note 2 2 . Subsequent Events 35

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 36

Quantitative and Qualitative Disclosures about Market Risk

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 47

Controls and Procedures

ITEM 4. Controls and Procedures 47

- OTHER INFORMATION

PART II - OTHER INFORMATION 47

Legal Proceedings

ITEM 1. Legal Proceedings 48

Risk Factors

ITEM 1A. Risk Factors 48

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 48

Defaults Upon Senior Securities

ITEM 3. Defaults Upon Senior Securities 48

Mine Safety Disclosures

ITEM 4. Mine Safety Disclosures 48

Other Information

ITEM 5. Other Information 48

Exhibits

ITEM 6. Exhibits 49

SIGNATURES

SIGNATURES 51 4 Table of Content s

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

ITEM 1. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA INDEX TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Unaudited Condensed Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023 6 Unaudited Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 and March 31, 2023 7 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended March 31, 2024 and March 31, 2023 8 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three months ended March 31, 2024 and March 31, 2023 9 Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and March 31, 2023 10 Notes to Condensed Consolidated Financial Statements (Unaudited) 11 Note 1. Nature of Business and Summary of Significant Accounting Policies 11 Note 2. Business Combinations and Acquisitions 15 Note 3 . Contracts in Progress 16 Note 4 . Inventories 16 Note 5 . Property, Plant and Equipment, Net 17 Note 6 . Accrued Expenses and Other Current Liabilities 17 Note 7 . Goodwill and Intangible Assets 18 Note 8 . Borrowings 19 Note 9 . Leased Assets 22 Note 1 0 . Commitments and Contingencies 23 Note 1 1 . Income Taxes 24 Note 1 2 . Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows 25 Note 1 3 . Stock-Based Compensation 25 Note 1 4 . Related-Party Transactions 27 Note 1 5 . Segment Information 28 Note 1 6 . Fair Value Measurements 29 Note 1 7 . Derivatives and Hedging 31 Note 1 8 . Loss Per Share 32 Note 19 . Restructuring 34 Note 2 0 . Noncontrolling Interests 34 Note 2 1 . Accumulated Other Comprehensive Loss/Income 35 Note 2 2 . Subsequent Events 35 5 Table of Content s Mirion Technologies, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions, except share data) March 31, 2024 December 31, 2023 ASSETS Current assets: Cash and cas