Perma-Fix Environmental Services (NASDAQ:PESI) Announces Earnings Results, Beats Expectations By $0.05 EPS

Posted by Geri Gentry on Nov 7th, 2026

Perma-Fix Environmental Services (NASDAQ:PESI – Get Free Report) posted its earnings results on Thursday. The industrial products company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.05, Zacks reports. The company had revenue of $17.95 million for the quarter, compared to analyst estimates of $14.90 million. Perma-Fix Environmental Services had a negative net margin of 37.04% and a negative return on equity of 35.46%.

Here are the key takeaways from Perma-Fix Environmental Services’ conference call:

Third-quarter revenue rose 39% sequentially to $17.9 million and consolidated gross profit returned to positive territory, but the company reported a $3.5 million net loss, wider than the $1.8 million loss a year earlier. Treatment results were pressured by delayed waste processing, a less favorable mix, and higher facility costs.
Treatment backlog increased to $19.6 million, up about 65% from year-end. Price increases began taking effect late in the quarter and were fully deployed in October; management expects them to support treatment revenue and margins.
Perma-Fix reported growing DFLAW waste receipts and holds one of three Hanford master subcontracts, positioning it to compete for future tank-waste work. The opportunity remains subject to DOE production ramps and regulatory approvals, and the company said Ecology’s review could delay East Area receipts by several months.
Nuclear services revenue grew 46% year over year to $6.3 million, and the segment generated about $200,000 in operating income versus a loss a year earlier. Management said the backlog extends through the second quarter of 2027.
The company used $10.8 million in cash from continuing operations during the first nine months, though its May equity offering helped lift quarter-end cash to $14.7 million. Management said it does not currently expect another equity raise, while the CFO said the company expects to emerge from its going-concern disclosure as operating performance improves.

Perma-Fix Environmental Services Price Performance

Shares of Perma-Fix Environmental Services stock opened at $14.05 on Friday. The stock has a 50 day moving average of $15.26 and a 200 day moving average of $13.87. The company has a current ratio of 1.67, a quick ratio of 1.58 and a debt-to-equity ratio of 0.05. Perma-Fix Environmental Services has a 12 month low of $8.58 and a 12 month high of $21.32. The firm has a market cap of $298.14 million, a PE ratio of -11.81 and a beta of 0.59.

Analyst Ratings Changes

A number of research firms recently weighed in on PESI. Zacks Research raised shares of Perma-Fix Environmental Services to a “hold” rating in a research report on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Perma-Fix Environmental Services in a research report on Tuesday, September 22nd. Finally, Wall Street Zen raised Perma-Fix Environmental Services from a “strong sell” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Perma-Fix Environmental Services currently has an average rating of “Reduce”.

Check Out Our Latest Analysis on Perma-Fix Environmental Services

Perma-Fix Environmental Services Company Profile

(Get Free Report)

Perma-Fix Environmental Services, Inc provides treatment, processing and disposal services for radioactive, mixed and hazardous waste. The company serves customers that generate waste through nuclear energy production, government and defense programs, research, medical activities and other industrial operations.

Its services include the treatment of low-level radioactive waste and mixed waste, which contains both radioactive and hazardous components. Perma-Fix uses specialized technologies and licensed treatment facilities to process waste streams, reduce their volume or hazardous characteristics, and prepare them for compliant disposal.