Perma-Fix Environmental Services (NASDAQ:PESI) Releases Earnings Results, Misses Estimates By $0.01 EPS

Perma-Fix Environmental Services (NASDAQ:PESI) issued its quarterly earnings data on Wednesday, August 12th. The industrial products company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.01), Zacks reports. The business had revenue of $12.89 million during the quarter, compared to the consensus estimate of $12.90 million. Perma-Fix Environmental Services had a negative return on equity of 35.46% and a negative net margin of 37.04%.

Here are the key takeaways from Perma-Fix Environmental Services’ conference call:

• Second-quarter results missed expectations: Revenue fell to $12.9 million from $14.6 million year over year, while the net loss widened to $6.2 million from $2.7 million. Customer-directed treatment delays shifted revenue into the second half, while labor and operating costs were incurred in Q2.
• Hanford growth opportunity expanded: Perma-Fix was awarded a master subcontract under the approximately $4.4 billion H2C IDIQ for Hanford tank-waste grouting, although the ceiling is shared among subcontractors and does not represent committed revenue. Management highlighted the company’s proximity to Hanford, existing permits, and operating facility as competitive advantages.
• Management expects significant volume growth: DOE’s plan indicates potential grouting shipments of roughly 60,000 gallons per month beginning in late 2026 and approximately 130,000 gallons per month by 2028, with a broader goal of up to 9 million gallons annually by 2030. Perma-Fix is seeking to expand its Northwest facility’s permitted capacity from 1.2 million to more than 10 million gallons annually, targeted for completion around Q2–Q3 2027.
• Backlog and services trends improved: Treatment backlog increased 29% sequentially to $15.7 million, and Nuclear Services revenue rose 44% year over year to $4.6 million, with services backlog exceeding $17 million over the next 18 months. DFLAW waste receipts began in July and are expected to increase as the facility addresses operating issues.
• Liquidity strengthened, but execution and government dependence remain risks: The May equity offering generated approximately $21 million in net proceeds, leaving Perma-Fix with $20.5 million of cash and $2.1 million of debt, and its credit facility maturity was extended to 2030. However, the company disclosed a going-concern notice because forecasts depend on government-directed waste shipments and project activity, and the Hanford opportunity still requires task orders and regulatory approvals.

Perma-Fix Environmental Services Stock Performance

PESI stock opened at $15.65 on Monday. The stock has a market capitalization of $332.09 million, a PE ratio of -13.85 and a beta of 0.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.67 and a quick ratio of 1.58. The company has a 50 day moving average price of $17.46 and a 200 day moving average price of $13.74. Perma-Fix Environmental Services has a fifty-two week low of $8.58 and a fifty-two week high of $21.32.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research note on Tuesday, September 22nd. Wall Street Zen raised Perma-Fix Environmental Services from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Perma-Fix Environmental Services Company Profile

Perma-Fix Environmental Services, Inc is an environmental services company that specializes in the treatment, processing and disposal of nuclear and other hazardous waste. The company provides solutions for radioactive, mixed and chemically hazardous waste streams, helping customers manage materials that require specialized handling, treatment and regulatory compliance.

Its services include waste characterization, transportation coordination, treatment, stabilization, decontamination and disposal.