Overview

• Nuclear waste management firm's Q1 revenue fell yr/yr due to lower waste volumes and project delays

• Company posted wider Q1 net loss and EBITDA loss compared to prior year

• Management expects improved performance from Q2 as Hanford and PFAS projects ramp up

Outlook

• Company expects improved performance beginning in Q2 2026 and through the balance of the yr

• Perma-Fix cites Hanford waste receipts, PFAS expansion, and grouting as drivers for 2026 outlook

• Company says quarterly variability may persist due to timing of government programs and shipments

Result Drivers

• LOWER WASTE VOLUMES - Co said Treatment Segment revenue fell due to lower waste receipts and less favorable average waste pricing mix

• SEASONAL DELAYS - Services Segment revenue declined due to reduced field activity, driven by winter weather and post-holiday slowdowns

• HIGHER FIXED COSTS - Increased fixed costs from investments in infrastructure and workforce ahead of anticipated Hanford activity weighed on Treatment Segment margins

Company press release: ID:nGNXbD6BDc

Key Details

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