Perma-Fix Environmental Services, Inc., operating through its various subsidiaries, functions as a U.S.-based company offering specialized expertise in environmental solutions and technology. Its operations are divided into three core divisions: Treatment, Services, and Medical. The Treatment division specializes in the handling, processing, and safe disposal of various waste types, including nuclear, low-level radioactive, mixed, hazardous, and non-hazardous materials, utilizing its dedicated treatment and storage facilities. Furthermore, this segment conducts research and development to devise and apply innovative methods for managing challenging waste streams. The Services division delivers extensive technical support, encompassing professional radiological assessments and site surveys for both government and commercial clients, alongside integrated occupational safety and health programs. Its offerings also include consulting, engineering, project and waste management, environmental remediation, and on-site decontamination and decommissioning (D&D) services, as well as providing specialized technical and managerial personnel. For the nuclear sector, it provides technology-driven solutions covering engineering, D&D, construction, logistics, transportation, processing, and disposal, in addition to undertaking the cleanup of licensed nuclear facilities and legacy sites. This segment further maintains an advanced laboratory for calibrating, maintaining, and sourcing a wide array of health physics, industrial hygiene, and custom nuclear, environmental, and occupational safety and health monitoring equipment. The Medical segment concentrates its efforts on the research and development of technologies for producing medical isotopes. Perma-Fix serves a diverse clientele, ranging from research institutions and commercial enterprises to public utilities and government bodies, engaging with them either directly or via third-party channels. Established in 1990, Perma-Fix Environmental Services, Inc. maintains its headquarters in Atlanta, Georgia.
Perma-Fix Reports Second Quarter 2026 Results, Award of Hanford Master IDIQ Subcontract and Commencement of DFLAW Waste Receipts
Perma-Fix reported Q2 revenue of $12.9 million, down from $14.6 million year-over-year, with a net loss of $6.2 million or $(0.32) per share due to delayed waste processing and less favorable revenue mix.
Despite the earnings miss, the company secured a Master IDIQ subcontract from H2C with a shared maximum value of $4.4 billion and began receiving liquid effluent waste from the DFLAW facility, marking a major operational milestone.
Management reiterated a bullish outlook for the second half of 2026, citing the new DOE Glass-Plus-Grout strategy and a 44% increase in Services segment revenue, though the company continues to disclose substantial doubt about its ability to continue as a going concern.