Latest news with #Perma-Fix
Business Upturn
5 days ago
- Business
- Business Upturn
Perma-Fix Environmental Services Expands PFAS Treatment Capabilities to New Waste Streams
ATLANTA, Aug. 04, 2025 (GLOBE NEWSWIRE) — Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the 'Company') today announced the expansion of its proprietary PFAS (per- and polyfluoroalkyl substances) treatment technology to address a broader range of contaminated waste streams beyond AFFF (aqueous film-forming foam) materials including PFAS concentrate collected from leachate and waste water. This milestone follows successful trials and marks a significant step in the Company's mission to provide comprehensive, sustainable solutions for PFAS remediation. Building on past successes, where the Perma-Fix process demonstrated the ability to destroy PFAS in high-concentration commercial waste, the next-generation treatment technology has been adapted to treat leachate and wastewater concentrate. In June, the Company received the first commercial batch of these new waste streams and will begin treatment imminently in the full-scale reactor, with plans to treat these materials in future units as well. The technology is designed with flexibility in mind, allowing for potential future deployment at customer sites. The current focus remains on centralized treatment at the Company's facilities. The market for water separation technologies—including foam fractionation systems, reverse osmosis systems, and resin-based systems—is experiencing rapid growth as organizations seek to concentrate PFAS from large volumes of contaminated water. These separation technologies are highly complementary to the Company's destruction technology process. By collaborating with leading providers of these separation solutions, the Company delivers an efficient and cost-effective pathway for the final destruction of PFAS concentrate, addressing a critical gap in the remediation value chain and enabling customers to meet stringent regulatory standards while controlling costs. The Perma-Fix system is competitively priced compared to alternative destruction methods. In addition to cost savings, this approach helps address the potential for legacy environmental liabilities that can arise from storage, incineration, or landfill disposal that do not provide for full destruction. By providing comprehensive destruction of PFAS compounds, the solution reduces customers' long-term liability exposure and supports compliance with evolving regulatory expectations—a benefit consistently recognized by clients and partners in past projects. The PFAS remediation market continues to grow, driven by increasing regulatory scrutiny and the U.S Environmental Protection Agency's (EPA) ongoing consideration of hazardous waste classification for PFAS. Industry estimates suggest that the addressable market for PFAS treatment in the U.S. alone could reach several billion dollars annually, as tens of millions of gallons of contaminated water and soil require urgent remediation. The Company's scalable solution, combined with collaborations with companies specializing in water separation technologies, positions Perma-Fix to serve large generators of PFAS waste including municipalities, industrial clients, and government agencies—by providing a comprehensive approach from separation to final destruction. Dr. Lou Centofanti, Executive Vice President of Perma-Fix, commented, 'We are excited to expand our PFAS treatment capabilities and address new waste streams, further strengthening our leadership in this critical sector. Our technology's proven performance in destroying PFAS , combined with our commitment to innovation, enables us to meet the growing needs of our customers and support a cleaner environment. By working closely with water separation technology providers—including foam fractionation, reverse osmosis, and resin systems—we are able to offer a comprehensive, efficient, and cost-effective solution for the destruction of PFAS concentrate. Importantly, our approach not only delivers cost savings but also minimizes the risk of future environmental liabilities for our clients by ensuring comprehensive, permanent destruction of these persistent chemicals.' About Perma-Fix Environmental Services Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the U.S Department of Energy (DOE), the U.S Department of Defense (DOD), and the commercial nuclear industry. The Company's nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide. Please visit us at This press release contains 'forward-looking statements' which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements generally are identifiable by use of the words such as 'believe', 'expects', 'intends', 'anticipate', 'plan to', 'estimates', 'projects', and similar expressions. Forward-looking statements include, but are not limited to: treatment of leachate and wastewater concentrate in a full-scale reactor and in future units; deployment of PFAS technology at customer sites; reducing customers' long-term liability exposure and supports compliance with evolving regulatory expectations; and Company serving large generators of PFAS waste. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; acceptance of our new technologies; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; Congress fails to provides funding for the DOD's and DOE's remediation projects; inability to obtain new foreign and domestic remediation contracts; and the additional factors referred to under 'Risk Factors' and 'Special Note Regarding Forward-Looking Statements' of our 2024 Form 10-K and Form 10-Q for quarter ended March 31, 2025. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements. Contacts:David K. Waldman-US Investor RelationsCrescendo Communications, LLC (212) 671-1021
Yahoo
10-06-2025
- Business
- Yahoo
PESI Q1 Earnings Call: Delays in Federal Projects and PFAS Progress Shape Outlook
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 2.2% year on year to $13.92 million. Its non-GAAP loss of $0.19 per share was 35.7% below analysts' consensus estimates. Is now the time to buy PESI? Find out in our full research report (it's free). Revenue: $13.92 million vs analyst estimates of $15.3 million (2.2% year-on-year growth, 9% miss) Adjusted EPS: -$0.19 vs analyst expectations of -$0.14 (35.7% miss) Adjusted EBITDA: -$3.27 million vs analyst estimates of -$2 million (-23.5% margin, 63.4% miss) Operating Margin: -26.9%, up from -32.8% in the same quarter last year Market Capitalization: $182.4 million Perma-Fix's first quarter performance was influenced primarily by delays in federal procurement and project activity, which management attributed to the transition in the U.S. administration. CEO Mark Duff explained that although these challenges constrained revenue growth, the company saw improvement in its Treatment segment as waste receipts and backlog increased toward quarter-end. Duff highlighted that the company achieved higher gross profit in the Treatment segment, supported by increased waste volumes, reduced variable costs, and targeted operational efficiency initiatives. Additionally, the Services segment experienced a slight revenue decline but benefited from better margins due to cost reductions and resource alignment. Management was candid about the temporary nature of these headwinds and emphasized ongoing investments in facility readiness and staffing to support anticipated growth. Looking ahead, Perma-Fix's outlook is anchored in several growth drivers, including its expanding waste treatment backlog, progress on federal contract opportunities, and advancements in PFAS destruction technology. Duff stated, 'Our Gen 2 PFAS unit remains on track for Q4 deployment and should expand our processing capacity by at least three times.' The company expects to benefit from the ramp-up of the Department of Energy's (DOE) Direct-Feed Low-Activity Waste (DFLAW) program at Hanford, with recurring revenue potential beginning later this year. Management also noted upcoming contract awards with the DOE and Department of Defense, as well as international expansion efforts. However, they cautioned that execution risks remain, particularly around the timing of federal project starts and the adoption pace of new PFAS regulations. Management attributed the quarter's results to procurement delays affecting project starts, but highlighted progress in Treatment operations and PFAS commercialization as positive developments. Treatment segment backlog growth: Waste receipts at the Perma-Fix Northwest facility increased, lifting the segment backlog by approximately 30% to over $10 million, reflecting stronger demand from Hanford-related projects. Operational efficiency improvements: CEO Mark Duff cited ongoing investments in staffing, training, and facility upgrades, which improved throughput and gross profit in the Treatment segment despite higher fixed labor costs. PFAS technology advancement: The company began receiving its first federal shipments for PFAS destruction and implemented chemical recycling upgrades that reduced costs and increased process efficiency. The upcoming Gen 2 system is expected to triple processing capacity. Federal project delays: The Services segment faced revenue pressure due to deferred federal procurement, but management pointed to a growing pipeline of larger DOE and DOD contract opportunities, particularly in Hanford and West Valley. International expansion efforts: Perma-Fix reported increased waste receipts from Canada, Mexico, and Germany and continued to pursue partnerships and permits in Europe, including the JRC Italy project, with late 2026 as the target for treatment operations. Perma-Fix's guidance for the rest of the year depends on backlog conversion, federal funding continuity, and scaling its PFAS and Hanford initiatives. Hanford DFLAW program ramp-up: Management expects the August start of DOE's DFLAW program at Hanford to drive high-margin, recurring revenue streams, though actual waste processing receipts may begin several weeks after operations commence. PFAS regulatory tailwinds: The company is positioned to benefit from stricter state and federal PFAS regulations, with the Gen 2 processing unit expanding capacity and making Perma-Fix more competitive on cost and efficiency relative to incineration alternatives. Federal contract pipeline visibility: Perma-Fix anticipates improved revenue as delayed federal and DOD projects resume, but notes that the timing of awards and funding allocations remains uncertain, particularly for new work at West Valley and other DOE sites. In the upcoming quarters, the StockStory team will watch (1) execution and throughput on Hanford waste streams, particularly as the DFLAW program ramps up, (2) commercial adoption and operational scale-up of the Gen 2 PFAS unit, and (3) the pace and scope of new federal project awards, especially at West Valley and under DOE/DOD contracts. Progress in international expansion and regulatory movement on PFAS destruction standards also remain important signposts. Perma-Fix currently trades at a forward EV-to-EBITDA ratio of 91.4×. Is the company at an inflection point that warrants a buy or sell? Find out in our full research report (it's free). Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. 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Yahoo
05-06-2025
- Business
- Yahoo
Q1 Earnings Highlights: Republic Services (NYSE:RSG) Vs The Rest Of The Waste Management Stocks
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at waste management stocks, starting with Republic Services (NYSE:RSG). Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1%. Thankfully, share prices of the companies have been resilient as they are up 7.9% on average since the latest earnings results. Processing several million tons of recyclables annually, Republic (NYSE:RSG) provides waste management services for residences, companies, and municipalities. Republic Services reported revenues of $4.01 billion, up 3.8% year on year. This print fell short of analysts' expectations by 0.9%. Overall, it was a mixed quarter for the company with an impressive beat of analysts' adjusted operating income estimates but sales volume in line with analysts' estimates. "We are off to a solid start to the year, and our business continues to perform well even with increased volatility in the broader economy," said Jon Vander Ark, president and chief executive officer. The stock is up 4.1% since reporting and currently trades at $250.21. Is now the time to buy Republic Services? Access our full analysis of the earnings results here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $177.8 million, up 14.5% year on year, outperforming analysts' expectations by 6%. The business had a stunning quarter with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' EPS estimates. Montrose delivered the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 36.6% since reporting. It currently trades at $20.47. Is now the time to buy Montrose? Access our full analysis of the earnings results here, it's free. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $13.92 million, up 2.2% year on year, falling short of analysts' expectations by 9%. It was a disappointing quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. Perma-Fix delivered the weakest performance against analyst estimates in the group. Interestingly, the stock is up 16% since the results and currently trades at $10.27. Read our full analysis of Perma-Fix's results here. Established in 1980, Clean Harbors (NYSE:CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups. Clean Harbors reported revenues of $1.43 billion, up 4% year on year. This print met analysts' expectations. Zooming out, it was a satisfactory quarter as it also produced a solid beat of analysts' organic revenue estimates but a miss of analysts' adjusted operating income estimates. The stock is up 4.8% since reporting and currently trades at $224.10. Read our full, actionable report on Clean Harbors here, it's free. Headquartered in Houston, Waste Management (NYSE:WM) is a provider of comprehensive waste management services in North America. Waste Management reported revenues of $6.02 billion, up 16.7% year on year. This number missed analysts' expectations by 1.4%. Overall, it was a mixed quarter for the company. The stock is up 4.9% since reporting and currently trades at $240. Read our full, actionable report on Waste Management here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Q1 Earnings Roundup: Perma-Fix (NASDAQ:PESI) And The Rest Of The Waste Management Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Perma-Fix (NASDAQ:PESI) and its peers. Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1%. Thankfully, share prices of the companies have been resilient as they are up 8.2% on average since the latest earnings results. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $13.92 million, up 2.2% year on year. This print fell short of analysts' expectations by 9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. Perma-Fix delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 21.1% since reporting and currently trades at $10.72. Read our full report on Perma-Fix here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $177.8 million, up 14.5% year on year, outperforming analysts' expectations by 6%. The business had a stunning quarter with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' EPS estimates. Montrose pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 31.6% since reporting. It currently trades at $19.72. Is now the time to buy Montrose? Access our full analysis of the earnings results here, it's free. Recycling corporate waste to help companies be more sustainable, Quest Resource (NASDAQ:QRHC) is a provider of waste and recycling services. Quest Resource reported revenues of $68.43 million, down 5.8% year on year, falling short of analysts' expectations by 5%. It was a slower quarter as it posted a significant miss of analysts' EPS estimates. As expected, the stock is down 2% since the results and currently trades at $2.48. Read our full analysis of Quest Resource's results here. Headquartered in Houston, Waste Management (NYSE:WM) is a provider of comprehensive waste management services in North America. Waste Management reported revenues of $6.02 billion, up 16.7% year on year. This print missed analysts' expectations by 1.4%. All in all, it was a mixed quarter for the company. The stock is up 2% since reporting and currently trades at $233.32. Read our full, actionable report on Waste Management here, it's free. Established in 1980, Clean Harbors (NYSE:CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups. Clean Harbors reported revenues of $1.43 billion, up 4% year on year. This number met analysts' expectations. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts' organic revenue estimates but a miss of analysts' adjusted operating income estimates. The stock is up 6.5% since reporting and currently trades at $227.72. Read our full, actionable report on Clean Harbors here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
08-05-2025
- Business
- Yahoo
Perma-Fix (NASDAQ:PESI) Reports Sales Below Analyst Estimates In Q1 Earnings
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 2.2% year on year to $13.92 million. Its GAAP loss of $0.19 per share was 35.7% below analysts' consensus estimates. Is now the time to buy Perma-Fix? Find out in our full research report. Revenue: $13.92 million vs analyst estimates of $15.3 million (2.2% year-on-year growth, 9% miss) EPS (GAAP): -$0.19 vs analyst expectations of -$0.14 (35.7% miss) Adjusted EBITDA: -$3.27 million vs analyst estimates of -$2 million (-23.5% margin, 63.4% miss) Operating Margin: -26.8%, up from -32.8% in the same quarter last year Market Capitalization: $162.6 million "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Perma-Fix struggled to consistently generate demand over the last five years as its sales dropped at a 7.3% annual rate. This was below our standards and suggests it's a low quality business. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Perma-Fix's recent performance shows its demand remained suppressed as its revenue has declined by 10.9% annually over the last two years. This quarter, Perma-Fix's revenue grew by 2.2% year on year to $13.92 million, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 62.1% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and implies its newer products and services will spur better top-line performance. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Perma-Fix's high expenses have contributed to an average operating margin of negative 7.5% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It's hard to trust that the business can endure a full cycle. Looking at the trend in its profitability, Perma-Fix's operating margin decreased by 26 percentage points over the last five years. Perma-Fix's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. Perma-Fix's operating margin was negative 26.8% this quarter. The company's consistent lack of profits raise a flag. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Perma-Fix, its EPS declined by 41.3% annually over the last five years, more than its revenue. This tells us the company struggled because its fixed cost base made it difficult to adjust to shrinking demand. Diving into the nuances of Perma-Fix's earnings can give us a better understanding of its performance. As we mentioned earlier, Perma-Fix's operating margin improved this quarter but declined by 26 percentage points over the last five years. Its share count also grew by 49.2%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Perma-Fix, its two-year annual EPS declines of 59.2% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, Perma-Fix reported EPS at negative $0.19, up from negative $0.26 in the same quarter last year. Despite growing year on year, this print missed analysts' estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast Perma-Fix's full-year EPS of negative $1.25 will reach break even. We struggled to find many positives in these results. Its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 3.6% to $8.53 immediately following the results. Perma-Fix's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
