Mirion Technologies Files Q2 2024 10-Q
Ticker: MIR · Form: 10-Q · Filed: Aug 2, 2024
Sentiment: neutral
Topics: 10-Q, financials, reporting
TL;DR
**MIRION Q2 10-Q FILED: Financials and operations update for period ending June 30, 2024.**
AI Summary
Mirion Technologies, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Specific financial figures and segment performance are outlined within the report.
Why It Matters
This filing provides investors with a detailed look at Mirion Technologies' financial health and operational progress during the second quarter of 2024, impacting investment decisions.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal risks or opportunities impacting the company's stock price.
Key Numbers
- 30318 — ZIP Code (Part of Mirion Technologies' business and mailing address in Atlanta, GA.)
- 830974996 — IRS Number (Identifies Mirion Technologies, Inc. for tax purposes.)
Key Players & Entities
- Mirion Technologies, Inc. (company) — Filer of the 10-Q
- GS Acquisition Holdings Corp II (company) — Former name of Mirion Technologies, Inc.
- 20240630 (date) — End of the reporting period
- 20240802 (date) — Filing date
FAQ
What was the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing was the quarter ended June 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on August 2, 2024.
What was Mirion Technologies, Inc.'s former name?
Mirion Technologies, Inc.'s former name was GS Acquisition Holdings Corp II.
What is Mirion Technologies' fiscal year end?
Mirion Technologies' fiscal year ends on December 31.
What is the primary SIC code listed for Mirion Technologies?
The primary SIC code listed for Mirion Technologies is 3829, for Measuring & Controlling Devices, NEC.
Filing Stats: 4,814 words · 19 min read · ~16 pages · Grade level 7.9 · Accepted 2024-08-02 16:13:32
Key Financial Figures
- $0.0001 — hich registered Class A Common Stock, $0.0001 par value per share MIR New York Stoc
Filing Documents
- mir-20240630.htm (10-Q) — 1830KB
- exhibit101-nonxeedirectorc.htm (EX-10.1) — 33KB
- 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
- 0001628280-24-034412.txt ( ) — 10465KB
- mir-20240630.xsd (EX-101.SCH) — 67KB
- mir-20240630_cal.xml (EX-101.CAL) — 107KB
- mir-20240630_def.xml (EX-101.DEF) — 401KB
- mir-20240630_lab.xml (EX-101.LAB) — 811KB
- mir-20240630_pre.xml (EX-101.PRE) — 616KB
- mir-20240630_htm.xml (XML) — 1582KB
- 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 11 Notes to Condensed Consolidated Financial Statements (Unaudited) 12 Note 1. Nature of Business and Summary of Significant Accounting Policies 12 Note 2. Business Combinations and Acquisitions 17 Note 3. Contracts in Progress 18 Note 4. Inventories 18 Note 5. Property, Plant and Equipment, Net 19 Note 6. Accrued Expenses and Other Current Liabilities 19 Note 7. Goodwill and Intangible Assets 20 Note 8. Borrowings 21 Note 9. Leased Assets 24 Note 10. Commitments and Contingencies 26 Note 11. Income Taxes 27 Note 12. Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows 27 Note 13. Stock Based Compensation 27 Note 14. Related-Party Transactions 29 Note 15. Segment Information 30 Note 16. Fair Value Measurements 32 Note 17. Derivatives and Hedging 33 Note 18. Loss Per Share 34 Note 19. Restructuring 36 Note 20. Noncontrolling Interests 37 Note 21. Accumulated Other Comprehensive Loss 38 Note 22. Subsequent Events 38
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 39
Quantitative and Qualitative Disclosures about Market Risk
ITEM 3. Quantitative and Qualitative Disclosures about Market Risk 56
Controls and Procedures
ITEM 4. Controls and Procedures 57
- OTHER INFORMATION
PART II - OTHER INFORMATION 57
Legal Proceedings
ITEM 1. Legal Proceedings 58
Risk Factors
ITEM 1A. Risk Factors 58
Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 58
Defaults Upon Senior Securities
ITEM 3. Defaults Upon Senior Securities 58
Mine Safety Disclosures
ITEM 4. Mine Safety Disclosures 58
Other Information
ITEM 5. Other Information 58
Exhibits
ITEM 6. Exhibits 59
SIGNATURES
SIGNATURES 61 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 June 30, 2024 and December 31, 2023 6 Unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024 and June 30, 2023 7 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2024 and June 30, 2023 8 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended June 30, 2024 and June 30, 2023 9 Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2024 and June 30, 2023 11 Notes to Condensed Consolidated Financial Statements (Unaudited) 12 Note 1. Nature of Business and Summary of Significant Accounting Policies 12 Note 2. Business Combinations and Acquisitions 17 Note 3. Contracts in Progress 18 Note 4. Inventories 18 Note 5. Property, Plant and Equipment, Net 19 Note 6. Accrued Expenses and Other Current Liabilities 19 Note 7. Goodwill and Intangible Assets 20 Note 8. Borrowings 21 Note 9. Leased Assets 24 Note 10. Commitments and Contingencies 26 Note 11. Income Taxes 27 Note 12. Supplemental Disclosures to Condensed Consolidated Statements of Cash Flows 27 Note 13. Stock-Based Compensation 27 Note 14. Related-Party Transactions 29 Note 15. Segment Information 30 Note 16. Fair Value Measurements 32 Note 17. Derivatives and Hedging 33 Note 18. Loss Per Share 34 Note 19. Restructuring 36 Note 20. Noncontrolling Interests 37 Note 21. Accumulated Other Comprehensive Loss/Income 38 Note 22. Subsequent Events 38 5 Table of Content s Mirion Technologies, Inc. Condensed Consolidated Balance Sheets (Unaudited) (In millions, except share data) June 30, 2024 December 31, 2023 ASSETS Current assets: Cash and cash equivalents $ 122.