Corrects Key Details table to show gross margin was for the Treatment segment, not the whole company
Overview
Perma-Fix Q3 revenue rose 45% yr/yr in Treatment Segment, driven by higher waste volumes
Treatment Segment's gross margin improved to 17.3% from 4.5% in prior year
Net loss for Q3 was $1.8 mln, improved from $9.0 mln loss last year
Outlook
Perma-Fix expects continued improvement through 2026 with increased waste volumes
Company anticipates initial waste receipts from DFLAW in late Q4 2025 or early 2026
Second-generation PFAS unit set for commissioning in Q1 2026
Result Drivers
TREATMENT SEGMENT GROWTH - Revenue increased due to higher waste volumes and international shipments, leading to improved gross margins
HANFORD FACILITY - DOE's DFLAW facility began hot commissioning, expected to increase waste receipts later in Q4 or early 2026
PFAS TECHNOLOGY ADVANCEMENT - PFAS destruction technology progressing, with second-generation unit to triple capacity by Q1 2026
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Treatment Segment Gross Margin | 17.30% | ||
Q3 EBITDA | -$1.50 mln | ||
Q3 Gross Profit | $2.60 mln |
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Perma-Fix Environmental Services Inc is $18.00, about 28.5% above its November 7 closing price of $12.87
The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 52 three months ago
Press Release: ID:nGNX74yp3q
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)