Perma-Fix Environmental Services, Inc. (PESI) Q2 2026 Earnings Call Transcript
Perma-Fix Environmental Services, Inc. (PESI) Q2 2026 Earnings Call Transcript

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. ...
Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer
Est. EPS $-0.11 · Revenue $16.10M · 1 analysts
Est. EPS $-0.07 · Revenue $19.00M · 1 analysts
Est. EPS $-0.86 · Revenue $59.10M · 1 analysts
Est. EPS $-0.04 · Revenue $20.60M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $61.7M | +4.3% | +15.8% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $-13.8M | +31.0% | +17.2% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +9.6% | +283436.2% | +25.0% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | -19.0% | +28.3% | +24.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | -22.3% | +33.9% | +28.5% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-15.5M | +17.9% | -50.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -25.1% | +21.3% | -30.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 8.6% | +10.6% | -6.4% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.61x | -29.6% | +33.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $88.0M | -9.5% | +24.7% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.75 vs -0.52 | -44.6% | -0.32 vs -0.11 | -190.9% |
| Revenue Surprise | $61.7M vs $63.7M | -3.1% | $12.9M vs $16.1M | -20.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jul 22, 2026 | REEDER JOE | director | Stock Option (Right to Buy) | A | 10,000 | $16.64 |
| Jul 22, 2026 | Wamp Zach Paul | director | Stock Option (Right to Buy) | A | 10,000 | $16.64 |
| Jul 22, 2026 | Shelton Larry | director | Stock Option (Right to Buy) | A | 10,000 | $16.64 |
| Jul 22, 2026 | ZWECKER MARK A | director | Stock Option (Right to Buy) | A | 10,000 | $16.64 |
| Jul 22, 2026 | Bostick Thomas | director | Stock Option (Right to Buy) | A | 10,000 | $16.64 |
Operator: Good day, ladies and gentlemen, and welcome to the Perma-Fix Environmental Services Fiscal Second Quarter 2026 Earnings Conference Call. [Operator Instructions] And please note, this conference call is being recorded. I will now turn the conference over to your host, Mr. David Waldman with Crescendo Communications. Sir, the floor is yours. David Waldman: Thank you, Oli. Good afternoon, everyone, and welcome to Perma-Fix Environmental Services Second Quarter 2026 Conference Call. On the call with us this afternoon are Mark Duff, President and CEO; Dr. Lou Centofanti, Executive Vice President of Strategic Initiatives; and Ben Naccarato, Chief Financial Officer. The company issued a press release this afternoon containing second quarter financial results, which is also posted on the company's website. If you have any questions after the call, or would like any additional information about the company, please contact Crescendo Communications at (212) 671-1020. I'd also like to remind everyone that certain statements contained within this conference call may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and include certain non-GAAP financial measures. All statements on this conference call other than statements of historical fact are forward-looking statements that are subject to known and unknown risks, uncertainties and other factors, which could cause actual results and performance of the company to differ materially from such statements. These risks and uncertainties are detailed in the company's filings with the U.S. Securities and Exchange Commission as well as this afternoon's press release. The company makes no commitment to disclose any revisions to forward-looking statements or any facts, events or circumstances after the date hereof that bear upon forward-looking statements. In addition, today's discussion will include references to non-GAAP measures. Perma-Fix believes that such information provides an additional measurement and consistent historical comparison of its performance. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is available in today's news release on our website. I'd now like to turn the call over to Mark Duff. Please go ahead, Mark. Mark Duff: All right. Thanks, David, and good afternoon, everyone. Thank you for joining us. I want to start by being direct about the quarter. Our second quarter financial results were below expectations. Revenue was $12.9 million, and we reported a net loss of $6.2 million. That is not the quarter we wanted to deliver, and I am going to walk you through exactly what happened and why. But I also want to be clear about something the second quarter delivered the operational milestones we've been working for, for years. And those milestones, not this quarter's results are what will define where the company is headed. Yesterday, the Department of Energy's Hanford Tank Contractor, …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Mark J. Duff | President, Chief Executive Officer & Director | USD 453,081 | Male | 1963 | Active |
Benio Annaldo Naccarato | Chief Financial Officer, Executive Vice President & Secretary | USD 392,185 | Male | 1963 | Active |
Richard Grondin | Executive Vice President of Hanford & International Waste Operations | USD 359,682 | Male | 1959 | Active |
Troy Eshleman | Executive Vice President & Chief Operating Officer | USD 329,664 | Male | 1970 | Active |
Louis Francis Centofanti | Founder, Executive Vice President of Strategic Initiatives & Executive Director | USD 308,552 | — | 1943 | Active |
Alex | Senior Vice President of Health Physics Services | — | — | — | Active |
Helen Binosa | Vice President & Corporate Controller | — | Female | — | Active |
Pam Ittah | Vice President of Human Resources | — | Female | — | Active |
Perma-Fix Environmental Services, Inc. (PESI) Q2 2026 Earnings Call Transcript

Perma-Fix Environmental Services NASDAQ: PESI reported second-quarter results that fell below management's expectations, as delayed processing of Hanford-related waste pushed associated revenue into the second half of the year.

Company awarded Master IDIQ Subcontract by Hanford Tank Waste Operations & Closure, LLC for grouting and disposal of Hanford mixed low-level waste; task orders eligible to be issued beginning January 2027

Work to be performed at the Company's Perma-Fix Northwest facility in Richland, Washington; ordering period runs January 2027 through December 2041 Work to be performed at the Company's Perma-Fix Northwest facility in Richland, Washington; ordering period runs January 2027 through December 2041

ATLANTA, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it will host a conference call at 10:00 AM Eastern Time on Tuesday, August 11, 2026. A webcast of the call may be accessed at https://www.webcaster5.com/Webcast/Page/2243/54338 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls.
