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
Metric
Actual
Q2 EBITDA
-$5.9 mln
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
Q2 revenue falls on lower Treatment volumes
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 were impacted by delayed waste processing and higher costs
PESI•
