Overview

* Perma-Fix Q3 revenue rose 45% yr/yr in Treatment Segment, driven by higher waste volumes

* 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/Mis Actual Consensu

s s

Estimate

Q3 Gross 17.30%

Margin

Q3 -$1.50

EBITDA mln

Q3 Gross $2.60

Profit 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 ( PESI ) 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:

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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.)