Perma-Fix Environmental Services Announces Hanford Capacity Expansion to 10 Million Gallons Annually by 2027
Perma-Fix Environmental Services (PESI) reported a significant financial turnaround in its Q3 results, with revenue increasing 39% from the previous quarter to $17.9 million. The company successfully returned consolidated gross profit to positive territory, marking a meaningful improvement over the first half of the year. To meet rising demand, specifically driven by increased volumes from the Defense Facilities Logistics Support Contract (DFLAW), Perma-Fix is outlining an expansion of its Hanford operations. The company aims to increase capacity to over 10 million gallons per year by the first quarter of 2027.
Tickers: $PESI
Topics: earnings report gross profit revenue growth
Read the full article at Seeking Alpha
Part of the story Perma-Fix Environmental Services GAAP EPS of -$0.16 beats by $0.05, revenue of $17.9M beats by $3M (6 articles)