Earnings summaries and quarterly performance for PERMA FIX ENVIRONMENTAL SERVICES.
Executive leadership at PERMA FIX ENVIRONMENTAL SERVICES.
Mark Duff
Detailed
Chief Executive Officer
CEO
BN
Ben Naccarato
Detailed
Chief Financial Officer
LC
Louis Centofanti
Detailed
Executive Vice President of Strategic Initiatives
RG
Richard Grondin
Detailed
Executive Vice President of Hanford and International Waste Operations
TE
Troy Eshleman
Detailed
Chief Operating Officer
Board of directors at PERMA FIX ENVIRONMENTAL SERVICES.
Research analysts who have asked questions during PERMA FIX ENVIRONMENTAL SERVICES earnings calls.
Aaron Spychalla
Craig-Hallum Capital Group
4 questions for PESI
Also covers: BW, BWMN, CECO +8 more
Aaron Warwick
Breakout Investors
3 questions for PESI
Also covers: INFU, INTZ, XELB
HB
Howard Brous
Wellington Shields & Co., LLC
3 questions for PESI
Also covers: INTZ, XELB
RT
Ross Taylor
Not specified in transcript
2 questions for PESI
Also covers: MIND, RELL, TPCS
SF
Steve Fein
Sofie LLC
2 questions for PESI
BG
Bob Goodman
Roxbury Capital
1 question for PESI
NB
Nicholas Booth
Waterford Holdings
1 question for PESI
Recent press releases and 8-K filings for PESI.
Perma-Fix Environmental Services Receives Expanded Permit for Richland Facility
PESI
New Projects/Investments
- Perma-Fix Environmental Services (PESI) announced it received a final Dangerous Mixed Waste Permit Renewal for its Perma-Fix Northwest (PFNW) Mixed Waste Facility in Richland, Washington, effective January 1, 2026.
- The renewed permit approximately triples PFNW's permitted liquid mixed waste processing capacity from about 400,000 gallons to approximately 1.2 million gallons per year and authorizes processing up to 175,000 tons of waste annually through macroencapsulation.
- This renewal strengthens PFNW's operations and positions it to support long-term cleanup objectives at major nuclear sites, including the Hanford site, where it is now the only permitted mixed waste treatment facility in close proximity.
Jan 9, 2026, 1:30 PM
Perma-Fix Environmental Services Reports Q3 2025 Results
PESI
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Perma-Fix Environmental Services reported Q3 2025 revenue of $16.5 million and a gross profit of $2.6 million, which more than doubled from the prior year.
- The company achieved a gross margin expansion to 14.6% in Q3 2025, up from 7.9% in Q3 2024, primarily due to higher waste volumes and a favorable mix in treatment operations.
- The Treatment segment's revenue increased 45% year-over-year to $13.1 million, with its gross margin improving to 17.3%.
- Treatment backlog grew to $15.4 million from $7.9 million a year ago, providing strong visibility through year-end and into 2026.
- The company is set to begin receiving waste shipments from the Hanford DFLAW program in late Q4 2025 or early Q1 2026, and its PFAS destruction initiative continues to advance with a 10-20% cost advantage over incineration.
Nov 10, 2025, 3:00 PM
Perma-Fix Environmental Services Reports Q3 2025 Financial Results and Business Update
PESI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Perma-Fix Environmental Services reported Q3 2025 revenue of $17.5 million and a net loss of ($1.8) million or ($0.10) per basic share, a significant improvement from the prior year's net loss of ($9.0) million or ($0.57) per basic share.
- The Treatment Segment revenue increased 45% year-over-year to $13.1 million in Q3 2025, driven by higher waste volumes and international shipments, with its gross margin improving to 17.3%.
- The company expects initial waste receipts from the Hanford DFLAW facility in late Q4 2025 or early 2026 and plans to commission its second-generation PFAS destruction unit, which will triple capacity, in Q1 2026.
- The Treatment Segment backlog grew to approximately $15.4 million by the end of Q3 2025, an increase of $7.5 million from December 31, 2024, providing a buffer against potential impacts from the recent government shutdown.
Nov 10, 2025, 12:00 PM
Perma-Fix Environmental Services Reports Q2 2025 Financial Results
PESI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Perma-Fix Environmental Services, Inc. reported revenue of $14.6 million for the second quarter of 2025, an increase from $14.0 million in the same period last year. The company achieved a gross profit of $1.5 million in Q2 2025, compared to a gross loss of $1.3 million in Q2 2024, and reduced its net loss to $2.7 million (or $0.15 per basic share) from $4.0 million (or $0.27 per basic share) in the prior year.
- The increase in revenue was primarily driven by the Treatment Segment, which saw revenue grow by approximately 37.0% year-over-year to $11.4 million in Q2 2025, largely due to increased waste volume and higher averaged waste prices. Waste receipts more than doubled in Q2 2025 to approximately 14.0 million, which is expected to contribute to a strong backlog through the remainder of 2025.
- The Services Segment revenue decreased to $3.2 million in Q2 2025 from $5.6 million in Q2 2024 due to project delays, but the company was awarded a position on the Navy’s RADMAC III Indefinite Delivery, Indefinite Quantity (IDIQ) contract, which is anticipated to present a steady stream of task order bid opportunities.
- The company is advancing its long-term growth strategy, including scaling its Per- and polyfluoroalkyl substances (PFAS) destruction platform and constructing a next-generation Gen 2.0 system. Despite a delay in the Direct-Feed Low-Activity Waste (DFLAW) facility startup to as late as October 15, 2025, Perma-Fix expects improved results in the second half of 2025 and beyond.
Aug 7, 2025, 11:08 AM
Perma-Fix Environmental Services Expands PFAS Treatment Capabilities
PESI
Product Launch
New Projects/Investments
- Perma-Fix Environmental Services, Inc. has expanded its proprietary PFAS treatment technology to address a broader range of contaminated waste streams, including PFAS concentrate collected from leachate and wastewater, in addition to AFFF materials.
- The company received the first commercial batch of these new waste streams in June and plans to begin treatment imminently in its full-scale reactor.
- This expanded technology offers a competitively priced solution that provides comprehensive destruction of PFAS compounds, aiming to reduce customers' long-term environmental liabilities.
- The U.S. addressable market for PFAS treatment is estimated to reach several billion dollars annually, positioning Perma-Fix to serve large generators of PFAS waste, such as municipalities, industrial clients, and government agencies.
Aug 4, 2025, 12:30 PM
Perma-Fix Q4 2024 Earnings Results
PESI
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
- Revenue Decline: Continuing operations revenue fell to $14.7M from $22.7M YoY, driven by project delays and procurement uncertainties.
- Widening Losses: The quarter reported a net loss of $3.5M, highlighting margin pressures and operational challenges.
- Stronger Liquidity: Cash on hand increased to $29M with significant improvement in working capital compared to the prior year.
- Growth Initiatives: Progress on the DFLAW project at Hanford along with advancements in PFAS technology indicate potential for operational turnaround and future growth in 2025.
Mar 13, 2025, 3:01 PM
Perma-Fix Environmental Services Reports Q4 and Full-Year 2024 Financial Results and Outlines 2025 Growth Initiatives
PESI
Earnings
Guidance Update
New Projects/Investments
- Perma-Fix Environmental Services reported a 35.2% decrease in Q4 2024 revenue to $14.7 million and a net loss of $3.5 million, attributing the decline to federal budget delays impacting project starts and waste receipts.
- For the full year 2024, revenue was $59.1 million, down 34.1% from 2023, leading to a net loss of $20 million, which included an $8.2 million non-cash income tax expense.
- The company expects a return to growth and profitability in 2025, with a strong second half, supported by a strengthening waste treatment backlog and improving project visibility.
- Significant growth drivers for 2025 include the DFLAW program at Hanford commencing operations by August 1, scaling revenue from the West Valley demonstration project, and the late Q3 deployment of a second-generation Perma-FAS unit for PFAS destruction.
- Cash on the balance sheet increased to $29 million at year-end 2024, up from $7.5 million in 2023, primarily due to equity raises.
Mar 13, 2025, 3:00 PM
Quarterly earnings call transcripts for PERMA FIX ENVIRONMENTAL SERVICES.
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