Perma-Fix Q1 Revenue Falls, Net Loss Widens on Lower Waste Volumes
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Perma-Fix Environmental Services reported a decline in Q1 revenue year-over-year, alongside a wider net loss and an EBITDA loss of -$7 million, with Q1 EPS at -$0.40. The revenue drop was primarily due to lower waste volumes and less favorable pricing in its Treatment Segment, coupled with reduced field activity in its Services Segment from seasonal delays. These results indicate a challenging start to the fiscal year for the company. However, management anticipates improved performance beginning in Q2 2026 and through the balance of the year, citing expected ramp-ups in Hanford waste receipts, PFAS expansion, and grouting projects. Traders will be closely monitoring the company's progress in Q2 to see if the projected recovery materializes.
At the time of this announcement, PESI was trading at $11.82 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $239.8M. The 52-week trading range was $8.02 to $16.50. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.