CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Perma-Fix Q3 revenue rises 2% but net loss widens

By Reuters News


Overview

  • U.S. nuclear waste manager's Q3 revenue rose slightly, driven by 46% growth in Services Segment

  • Company posted wider net loss and negative EBITDA, with substantial doubt about going concern status

  • Treatment backlog grew 25% during the quarter; upgrades and new pricing initiatives underway


Outlook

  • Company expects DFLAW-related waste volumes to increase as facility ramps up production

  • Perma-Fix anticipates continued demand for PFAS destruction due to new Florida legislation

  • Company says improved results are expected in the coming year with growing backlog and new pricing


Result Drivers

  • SERVICES SEGMENT GROWTH - Revenue rose 46% year over year in Services Segment, mainly due to increased project activity and new project awards

  • TREATMENT SEGMENT DELAYS - Revenue in Treatment Segment fell due to lower waste volumes processed, as customer-directed changes in treatment protocols delayed Hanford-related waste processing until late in the quarter

  • THERMAL SYSTEM UPGRADES - Temporary downtime for thermal treatment system upgrades at Florida and Kingston facilities contributed to reduced waste processing during the quarter


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EBITDA

-$3.10 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 $30.00, about 134.2% above its November 4 closing price of $12.81


Reuters Recommended Reads

  • Nov 3 - Fuel Tech Q3 revenue rises on Air Pollution Control segment growth

  • Nov 4 - Canada's Biorem Q3 revenue rises to record high on new bookings

  • Nov 3 - Rayonier Advanced Materials Q3 sales and EBITDA miss estimates on tariffs, impairments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.