Perma-Fix's Q3: Strong Results & Hanford Waste Shipments
Update: 2025-11-17
Description
Perma-Fix, a nuclear waste treatment specialist, reported robust third-quarter results, surpassing analyst expectations with a revenue of seventeen point four five million dollars. This success was attributed to increased waste volumes, improved project management, and enhanced automation, leading to a significant expansion of their gross margin. Despite potential impacts from a government shutdown, the company anticipates a surge in demand once funding returns to normal. Initial waste shipments from the Hanford site are expected by late December or January, with revenue from Hanford set to increase through early 2026. The company is optimistic about its backlog strength, driven by international contracts and Department of Energy projects, and is poised for sustained growth with the launch of a new PFAS destruction unit and new government project awards.
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