Perma-Fix Awarded $24 Million Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2026
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Should l Buy PESI?
Source: Newsfilter
- Significant Contract Value: Perma-Fix Environmental Services has been awarded a two-year master task agreement valued at $24 million by Lawrence Livermore National Laboratory, indicating the company's ongoing growth and recognition in the nuclear waste management sector.
- Detailed Project Scope: The agreement includes demolition, excavation, and waste management services aimed at supporting the laboratory's national security mission, showcasing Perma-Fix's expertise in handling complex radiological and hazardous waste.
- Strengthened Partnerships: Perma-Fix will collaborate with three local subcontractors to ensure safe advancement of demolition and disposal work while minimizing impacts on surrounding operations, reflecting the company's risk management capabilities in project execution.
- Long-Term Relationship Advantage: The longstanding relationship with LLNS has enabled Perma-Fix to develop a deep understanding of site-specific risks and operational priorities, enhancing the company's technical execution and safe delivery capabilities in critical government missions.
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Analyst Views on PESI
About PESI
Perma-Fix Environmental Services, Inc. is a nuclear services company and a provider of environmental remediation and mixed waste management services. Its segments include Treatment and Services. The Treatment segment includes nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, processing, and disposal; and research and development activities to identify, develop and implement innovative waste processing techniques for problematic waste streams. The Services segment includes technical services, nuclear services and the Company-owned equipment calibration and maintenance laboratory that services, maintains, calibrates, and sources health physics, industrial hygiene (IH) and customized nuclear, environmental, and occupational safety and health (NEOSH) instrumentation. Its technical services include professional radiological measurement and site survey of large government and commercial installations using advanced methods, technology and engineering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Perma-Fix to Present at Gabelli Funds' Environmental Services Symposium in NYC
- Executive Presentation: Perma-Fix Environmental Services CEO Mark Duff and CFO Ben Naccarato will present at Gabelli Funds' 12th Annual Waste & Environmental Services Symposium on April 9, 2026, in New York City, showcasing the company's expertise in nuclear waste management.
- Schedule Details: The executives are scheduled to speak at 1:30 PM ET and will engage in one-on-one meetings with qualified investors throughout the conference, aiming to strengthen investor relations and enhance the company's visibility in the industry.
- Industry Dynamics Discussion: The symposium will focus on themes such as waste and sustainability investing, bringing together leading companies and organizations to discuss current trends and business fundamentals, reflecting Perma-Fix's strategic importance in the environmental services sector.
- Webcast Availability: For those unable to attend in person, the symposium will be available via webcast, ensuring a broader audience can access industry insights and company information, further enhancing the company's market influence.
See More
Perma-Fix Completes Successful PFAS Treatment Project for DOE Contractor
- Successful Project Completion: Perma-Fix has successfully completed a PFAS treatment project for Four Rivers Nuclear Partnership (FRNP), treating approximately 1,500 gallons of PFAS-contaminated liquids, which showcases the company's leadership in complex waste treatment solutions and reinforces its expertise in environmental remediation.
- Patent Technology Application: The project utilized Perma-FAS, a patent-pending technology that achieves destruction efficiencies of up to 99.9999% under appropriate operating conditions, highlighting the company's technological advantage in addressing the growing challenges of PFAS contamination.
- Support for Environmental Remediation: This treatment effort not only supports the Department of Energy's (DOE) cleanup activities but also demonstrates Perma-Fix's specialized capabilities in waste management and treatment of complex waste streams, meeting the urgent demand for effective environmental remediation technologies.
- Growing Market Demand: As regulatory pressures surrounding PFAS contamination continue to rise, the demand for Perma-Fix's PFAS destruction technologies is expected to grow significantly, with the successful execution of such projects laying the groundwork for expanding opportunities in both government and commercial sectors.
See More
Perma-Fix Secures $24M Contract for Demolition Services
- Significant Contract Value: Perma-Fix Environmental Services announced it has been awarded a two-year master task agreement valued at approximately $24 million by Lawrence Livermore National Laboratory, reinforcing the company's market position in the nuclear safety sector.
- Diverse Service Offerings: Under the agreement, Perma-Fix will provide demolition, excavation, and waste management services to support the safe disposition of facilities, ensuring alignment with national security missions and showcasing the company's expertise in complex radiological and hazardous waste handling.
- Partnership Execution: The project will be executed in partnership with three local subcontractors, emphasizing Perma-Fix's commitment to safely advancing demolition and disposal work while minimizing impacts on surrounding operations and site activities, reflecting its dedication to environmental responsibility.
- Positive Market Reaction: Following the announcement, Perma-Fix's stock price rose 3.42% in premarket trading to $11.49 per share, indicating investor confidence in the company's future growth potential.
See More
Perma-Fix Awarded $24 Million Contract
- Significant Contract Value: Perma-Fix Environmental Services has been awarded a two-year master task agreement valued at $24 million by Lawrence Livermore National Laboratory, indicating the company's ongoing growth and recognition in the nuclear waste management sector.
- Detailed Project Scope: The agreement includes demolition, excavation, and waste management services aimed at supporting the laboratory's national security mission, showcasing Perma-Fix's expertise in handling complex radiological and hazardous waste.
- Strengthened Partnerships: Perma-Fix will collaborate with three local subcontractors to ensure safe advancement of demolition and disposal work while minimizing impacts on surrounding operations, reflecting the company's risk management capabilities in project execution.
- Long-Term Relationship Advantage: The longstanding relationship with LLNS has enabled Perma-Fix to develop a deep understanding of site-specific risks and operational priorities, enhancing the company's technical execution and safe delivery capabilities in critical government missions.
See More
Perma-Fix Environmental Services Reports Q4 and FY 2025 Earnings
- Revenue Growth and Challenges: Perma-Fix Environmental Services reported total revenue of $61.7 million for FY 2025, a 4.3% increase, yet the services segment saw a $7.6 million decline, highlighting challenges in project mobilization and procurement cycles.
- Significant Treatment Revenue Increase: The treatment segment revenue surged by 29% year-over-year to $10.1 million, reflecting increased waste volumes and improved plant throughput, providing a solid foundation for future growth.
- Net Loss and Cash Flow Pressure: The company reported a net loss of $5.7 million in Q4, up from $3.5 million in the same period last year, while cash on hand decreased significantly from $29 million at the end of 2024 to $11.8 million, indicating short-term financial pressure.
- Future Outlook and New Technology: Although the first quarter of 2026 is expected to incur larger losses, the anticipated launch of a new PFAS destruction system and progress on the Hanford project are expected to lead to a return to profitability in Q2, showcasing long-term growth potential.
See More
Perma-Fix Environmental Services Q4 Earnings Report
- Earnings Overview: Perma-Fix Environmental Services reported a Q4 GAAP EPS of -$0.15, indicating challenges in profitability that could impact investor confidence moving forward.
- Revenue Growth: The company achieved Q4 revenue of $15.72 million, reflecting a 6.9% year-over-year increase, suggesting a rise in market demand within the environmental services sector despite the lack of improvement in overall profitability.
- Market Reaction: The negative EPS may lead to stock price volatility as market participants react, prompting investors to closely monitor the company's strategies for future profitability improvement.
- Financial Health: While revenue growth is a positive sign, the ongoing losses could exert pressure on the company's financial health, necessitating effective measures from management to restore profitability and enhance market trust.
See More
Perma-Fix to Present at Gabelli Funds' Environmental Services Symposium in NYC
- Executive Presentation: Perma-Fix Environmental Services CEO Mark Duff and CFO Ben Naccarato will present at Gabelli Funds' 12th Annual Waste & Environmental Services Symposium on April 9, 2026, in New York City, showcasing the company's expertise in nuclear waste management.
- Schedule Details: The executives are scheduled to speak at 1:30 PM ET and will engage in one-on-one meetings with qualified investors throughout the conference, aiming to strengthen investor relations and enhance the company's visibility in the industry.
- Industry Dynamics Discussion: The symposium will focus on themes such as waste and sustainability investing, bringing together leading companies and organizations to discuss current trends and business fundamentals, reflecting Perma-Fix's strategic importance in the environmental services sector.
- Webcast Availability: For those unable to attend in person, the symposium will be available via webcast, ensuring a broader audience can access industry insights and company information, further enhancing the company's market influence.
See More
Perma-Fix Completes Successful PFAS Treatment Project for DOE Contractor
- Successful Project Completion: Perma-Fix has successfully completed a PFAS treatment project for Four Rivers Nuclear Partnership (FRNP), treating approximately 1,500 gallons of PFAS-contaminated liquids, which showcases the company's leadership in complex waste treatment solutions and reinforces its expertise in environmental remediation.
- Patent Technology Application: The project utilized Perma-FAS, a patent-pending technology that achieves destruction efficiencies of up to 99.9999% under appropriate operating conditions, highlighting the company's technological advantage in addressing the growing challenges of PFAS contamination.
- Support for Environmental Remediation: This treatment effort not only supports the Department of Energy's (DOE) cleanup activities but also demonstrates Perma-Fix's specialized capabilities in waste management and treatment of complex waste streams, meeting the urgent demand for effective environmental remediation technologies.
- Growing Market Demand: As regulatory pressures surrounding PFAS contamination continue to rise, the demand for Perma-Fix's PFAS destruction technologies is expected to grow significantly, with the successful execution of such projects laying the groundwork for expanding opportunities in both government and commercial sectors.
See More
Perma-Fix Secures $24M Contract for Demolition Services
- Significant Contract Value: Perma-Fix Environmental Services announced it has been awarded a two-year master task agreement valued at approximately $24 million by Lawrence Livermore National Laboratory, reinforcing the company's market position in the nuclear safety sector.
- Diverse Service Offerings: Under the agreement, Perma-Fix will provide demolition, excavation, and waste management services to support the safe disposition of facilities, ensuring alignment with national security missions and showcasing the company's expertise in complex radiological and hazardous waste handling.
- Partnership Execution: The project will be executed in partnership with three local subcontractors, emphasizing Perma-Fix's commitment to safely advancing demolition and disposal work while minimizing impacts on surrounding operations and site activities, reflecting its dedication to environmental responsibility.
- Positive Market Reaction: Following the announcement, Perma-Fix's stock price rose 3.42% in premarket trading to $11.49 per share, indicating investor confidence in the company's future growth potential.
See More
Perma-Fix Awarded $24 Million Contract
- Significant Contract Value: Perma-Fix Environmental Services has been awarded a two-year master task agreement valued at $24 million by Lawrence Livermore National Laboratory, indicating the company's ongoing growth and recognition in the nuclear waste management sector.
- Detailed Project Scope: The agreement includes demolition, excavation, and waste management services aimed at supporting the laboratory's national security mission, showcasing Perma-Fix's expertise in handling complex radiological and hazardous waste.
- Strengthened Partnerships: Perma-Fix will collaborate with three local subcontractors to ensure safe advancement of demolition and disposal work while minimizing impacts on surrounding operations, reflecting the company's risk management capabilities in project execution.
- Long-Term Relationship Advantage: The longstanding relationship with LLNS has enabled Perma-Fix to develop a deep understanding of site-specific risks and operational priorities, enhancing the company's technical execution and safe delivery capabilities in critical government missions.
See More
Perma-Fix Environmental Services Reports Q4 and FY 2025 Earnings
- Revenue Growth and Challenges: Perma-Fix Environmental Services reported total revenue of $61.7 million for FY 2025, a 4.3% increase, yet the services segment saw a $7.6 million decline, highlighting challenges in project mobilization and procurement cycles.
- Significant Treatment Revenue Increase: The treatment segment revenue surged by 29% year-over-year to $10.1 million, reflecting increased waste volumes and improved plant throughput, providing a solid foundation for future growth.
- Net Loss and Cash Flow Pressure: The company reported a net loss of $5.7 million in Q4, up from $3.5 million in the same period last year, while cash on hand decreased significantly from $29 million at the end of 2024 to $11.8 million, indicating short-term financial pressure.
- Future Outlook and New Technology: Although the first quarter of 2026 is expected to incur larger losses, the anticipated launch of a new PFAS destruction system and progress on the Hanford project are expected to lead to a return to profitability in Q2, showcasing long-term growth potential.
See More
Perma-Fix Environmental Services Q4 Earnings Report
- Earnings Overview: Perma-Fix Environmental Services reported a Q4 GAAP EPS of -$0.15, indicating challenges in profitability that could impact investor confidence moving forward.
- Revenue Growth: The company achieved Q4 revenue of $15.72 million, reflecting a 6.9% year-over-year increase, suggesting a rise in market demand within the environmental services sector despite the lack of improvement in overall profitability.
- Market Reaction: The negative EPS may lead to stock price volatility as market participants react, prompting investors to closely monitor the company's strategies for future profitability improvement.
- Financial Health: While revenue growth is a positive sign, the ongoing losses could exert pressure on the company's financial health, necessitating effective measures from management to restore profitability and enhance market trust.
See More
