Business

Perma-Fix Reports Q1 2025 Results and Highlights Momentum in Hanford and PFAS Programs

Improved gross margins and rising backlog driven by increased waste receipts Strategic investments expected to position the Company for stronger performance in the second half of 2025 ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the first quarter ended March 31, 2025. "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duf

articlePerma-fix Environmental Services, Inc.May 8, 202510/company/perma-fix-environmental-svcs-inc/news/perma-fix-reports-q1-2025-120000647
Perma-Fix Reports Q1 2025 Results and Highlights Momentum in Hanford and PFAS Programs

About this update from Perma-fix Environmental Services, Inc.

[{"type":"image","alt":"Perma-Fix Environmental Services, Inc","displaySize":"","headline":null,"caption":"Perma-Fix Environmental Services, Inc","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":95,"url":"https://media.zenfs.com/en/globenewswire.com/655e3d915655ea8545ede46150c1f423"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FNQsXuf0AH6.j14IIgziTw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/655e3d915655ea8545ede46150c1f423","width":300,"height":95}},"lazy":false},{"type":"text","content":"Improved gross margins and rising backlog driven by increased waste receipts","length":76,"tagName":"p"},{"type":"text","content":"Strategic investments expected to position the Company for stronger performance in the second half of 2025","length":111,"tagName":"p"},{"type":"text","content":"ATLANTA, May 08, 2025 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the first quarter ended March 31, 2025.","length":220,"tagName":"p"},{"type":"text","content":""Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. "Delays in procurement and waste shipments tied to the change in federal administration limited revenue growth during the quarter; however, we still delivered a modest increase compared to the prior-year period, underscoring the resilience of our core operations. Importantly, we began to see improvement in waste receipts late in the quarter, contributing to a strengthened backlog of over $10 million—an increase of approximately 30% from year-end 2024."","length":649,"tagName":"p"},{"type":"text","content":""At the same time, we incurred higher operating expenses related to facility readiness for new waste streams and the continued scale-up of our PFAS (Per -and polyfluoroalkyl) initiatives. These strategic investments impacted profitability in the near term, yet we delivered significant year-over-year improvement in gross margins across both the Treatment and Services segments—driven by higher waste volume, improved project execution, and ongoing cost optimization efforts," Duff added.","length":498,"tagName":"p"}...

More updates from Perma-fix Environmental Services, Inc.

The CompanyPerma-Fix Environmental Services, Inc.revenue growthEnvironmental ServicesMark DuffChief Executive Officer