Perma-Fix Environmental Svcs Stock Price, News & Analysis

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.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) will conduct a conference call on March 31, 2022, at 11:00 AM ET, led by CEO Mark J. Duff and other executives. The call will focus on the company’s developments, including its nuclear waste management services and initiatives, which serve federal agencies and commercial sectors. Investors can access the call via telephone or webcast. A replay will be available until April 7, 2022. Perma-Fix provides critical nuclear waste management solutions and operates four treatment facilities across the U.S.

Westinghouse Electric Company and Perma-Fix Environmental Services (NASDAQ: PESI) have signed a term sheet to develop an advanced materials treatment facility in the UK. Scheduled for establishment at Westinghouse’s Springfields site, this facility aims to enhance waste treatment capacities for the European nuclear market. Westinghouse will hold 55% ownership, while Perma-Fix will manage the remaining share. The facility will utilize the Perma-Fix Bulk Processing Unit (BPU), designed to treat various radioactive materials, significantly reducing waste volume and minimizing cross-contamination risks.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) reported Q3 2021 revenue of $15.8 million, down from $30.2 million YoY, primarily due to COVID-19 impacts. The Treatment Segment's revenue rose to $8.9 million, while the Services Segment declined to $6.9 million. New project backlog increased by $50 million since Q3, signaling recovery. Despite a gross profit decrease to $2.2 million, net income was stable at $1.4 million ($0.11/share). The company maintains a healthy balance sheet with over $7.2 million cash on hand and aims for growth supported by recent contract wins.

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced a conference call scheduled for 2:00 PM ET on November 11, 2021. The call will feature CEO Mark J. Duff and other executives discussing the company's services in nuclear waste management. Interested parties can access the call via webcast or telephone. An archive will be available on the company's website, and a replay can be accessed until November 18, 2021. Perma-Fix specializes in radioactive waste management for government agencies and the commercial sector, operating four treatment facilities nationwide.