Perma-Fix Q2 revenue falls on lower Treatment volumes

Perma-Fix Environmental Services

12/08/2026 21:19

Overview
US nuclear waste manager's Q2 revenue fell yr/yr due to lower Treatment segment volumes and pricing
Company posted Q2 net loss of $6.2 mln and negative EBITDA of $5.9 mln
Services segment revenue rose 44% yr/yr, but overall results impacted by delayed waste processing and higher costs

Outlook
Company expects increased Hanford-related waste volumes in the second half of 2026
Perma-Fix aims to expand grouting permit capacity by Q3 2027 to meet DOE objectives
Company says realization of forecast depends on timing and volume of government-directed waste shipments

Result Drivers
LOWER TREATMENT VOLUMES - Co said Q2 revenue decline in Treatment segment was due to reduced waste volumes and less favorable revenue mix
DELAYED WASTE PROCESSING - Customer-directed changes in treatment protocols delayed processing of Hanford-related waste streams, shifting revenue into the second half while costs were incurred in Q2
HIGHER SERVICES REVENUE - Services segment revenue rose 44% yr/yr, driven by increased project volume and new contract awards

Company press release: ID:nGNX438Hcf

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EBITDA
 
-$5.9 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 $25.00, about 43.3% above its August 11 closing price of $17.45
The stock recently traded at 203 times the next 12-month earnings vs. a P/E of 53 three months ago

Reuters Recommended Reads
Aug 10 - Babcock & Wilcox Q2 revenue eases past estimates, helped by large project volume
Aug 12 - Everbright Greentech H1 profit rises on stronger solid waste treatment pricing
Aug 10 - Amentum Q3 revenue misses estimates, FY26 outlook cut

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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.)