Perma-Fix Environmental Svcs Stock Price, News & Analysis

Perma-Fix Environmental Services (NASDAQ: PESI) reported a 17% revenue increase to $18.5 million in Q3 2022, alongside a robust 38% rise in gross profit to $3.1 million compared to Q3 2021. The Treatment Segment saw a 46% rise in waste receipts, totaling $9.1 million. Despite operational challenges due to Hurricane Ian, the company is optimistic about increased federal procurements and new contracts in the pipeline. However, net income fell to approximately $664,000, down from $1.4 million in Q3 2021, influenced by reductions in tax benefits under the ERC program.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) will host a conference call on November 3, 2022, at 11:00 AM Eastern Time. The call will be led by CEO Mark J. Duff and other executives. Participants can join via telephone or access a live webcast on the company's website. A replay will be available after the call through November 10, 2022. Perma-Fix is a leading provider of nuclear waste management services, catering to hospitals, federal agencies, and the commercial nuclear sector, operating four treatment facilities nationwide.

Perma-Fix Environmental Services reported a 20.5% revenue increase to $19.5 million and a 198.6% rise in gross profit for Q2 2022, compared to Q2 2021. This growth stemmed from resumed operations after COVID-19 delays and a 54% increase in waste receipts in the Treatment Segment. The Services Segment also saw revenue growth due to project resumption. However, the company faced a net loss of $1.4 million or ($0.11) per share, compared to net income of $3.0 million in the previous year. Adjusted EBITDA was ($403,000), an improvement from last year's ($1.7 million).

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced a conference call scheduled for August 5, 2022, at 11:00 AM ET. The call will feature Mark J. Duff, the CEO, along with other executives. Investors can join via a toll-free number or through a webcast. An archived version will be available after the call and can be accessed until August 12, 2022. Perma-Fix specializes in nuclear waste management services, providing solutions for various sectors including federal agencies and commercial industries.

Perma-Fix Environmental Services was awarded a Framework Contract by Nuclear Waste Services in the UK, enabling them to compete for task orders worth up to £41 million over four years for radioactive waste treatment. The contract encompasses various services across the waste lifecycle, enhancing Perma-Fix's market presence in Europe. CEO Mark Duff highlighted the significance of this award and its reflection on the company's capabilities, built on over 30 years of experience in the US nuclear waste management sector.

On May 5, 2022, Perma-Fix Environmental Services (NASDAQ: PESI) reported a first-quarter revenue of $15.9 million, down from $23.1 million year-over-year. The decline was chiefly due to a $7.2 million drop in the Services Segment. Gross profit fell to $1.6 million versus $2.4 million in Q1 2021, leading to an operating loss of $1.9 million. Despite challenges from the pandemic impacting project timelines, the company anticipates recovery and increased demand in the second quarter of 2022. Management remains optimistic about growth opportunities in the Treatment Segment and upcoming federal task orders.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) is set to host a conference call on May 5, 2022, at 11:00 AM ET. The call will feature key executives, including CEO Mark J. Duff and CFO Ben Naccarato. Investors can access the call via telephone or through a webcast available on the company’s website. A replay will be available one hour post-call until May 12, 2022. Perma-Fix specializes in nuclear waste management, offering services to federal agencies and commercial industries across the U.S.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) reported a 56.8% increase in Treatment Segment revenue for Q4 2021, reaching $8.9 million, though overall revenue dropped to $17.1 million from $28.3 million year-over-year. The Services Segment backlog rose to $66 million, indicating growth potential. However, the company faced a net loss of $2.4 million for the quarter and $6.8 million for the year, compared to profits last year. The company remains hopeful for 2022, citing new federal budgets and significant project opportunities.