Mirion Technologies, Inc. (NYSE:MIR) Q2 2023 Earnings Conference Call August 2, 2023 12:00 PM ET

Company Participants

Alex Gaddy - VP, IR

Lawrence Kingsley - Chairman

Thomas Logan - Founder, CEO & Director

Brian Schopfer - CFO

Conference Call Participants

Joseph Ritchie - Goldman Sachs Group

Christopher Moore - CJS Securities

Operator

Greetings, and welcome to the Mirion Technologies Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Alex Gaddy, Vice President of Investor Relations. Please proceed.

Alex Gaddy

Good afternoon, everyone, and thank you for joining Mirion's Second Quarter 2023 Earnings Call. Reminder that comments made during this presentation will include forward-looking statements, and actual results may differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ are discussed in our annual report on Form 10-K and quarterly reports on Form 10-Q that we file from time to time with the SEC under the caption Risk Factors and in Mirion other filings with the SEC. Quarterly references within today's discussion are related to the second quarter ended June 30, 2023.

The comments made during this call will also include certain financial measures that were not prepared in accordance with generally accepted accounting principles. Reconciliation of those non-GAAP measures to the most directly comparable GAAP financial measures can be found in the appendix of this presentation accompanying the call today. All earnings materials can be found on Mirion's IR website at ir.mirion.com. Joining me on the call today are Larry Kingsley, Chairman of the Board; Tom Logan, Chief Executive Officer; and Brian Schopfer, Chief Financial Officer. Now I will turn it over to our Chairman of the Board, Larry Kingsley. Larry?

Lawrence Kingsley

Thanks, Alex and good afternoon, everyone. Thank you all for joining our quarterly earnings call and for your continued support for Mirion. This morning, we published solid Q2 results that we believe position us well for the remainder of 2023. We continue to see consistent backlog growth, which is the most encouraging forward-looking indicator for the rest of the year and entering 2024. Our second quarter was highlighted by better-than-expected top line performance from both operating segments. This reflects a continuation of the trends we reported on over the last couple of quarters. And we expect this to bolster momentum heading into the second half. Margin performance was within our expectations for the quarter as we began gaining greater price cost traction and moving beyond the supply chain disruptions.