Perma-Fix Environmental Services saw mixed results in its second quarter of 2025, the Atlanta-based company reported Aug. 7.
Gross profits in the second quarter ended June 30 were $1.5 million, up from a $1.3 million loss from the second quarter in 2024. Quarterly revenue for the second quarter was $14.6 million, up from $14 million in the year-ago quarter.
Quarterly segment revenue for the treatment segment was $11.4 million, up from $8.4 million a year ago. The increase was primarily due to increased waste volume and averaged price waste related to waste mix, according to Perma-Fix’s Aug. 7 earnings report.
Perma-Fix’s services segment revenue was $3.2 million down from $5.6 million in the year-ago period as delays in project mobilization on existing contracts and procurements, in part, from changes to the new administration and supporting policies, the company said.
The company collectively operated at a loss in the second quarter with $2.9 million, which was up from a $5 million loss in the second quarter of 2024. Net loss for the quarter was $2.7 million or loss per basic share of $0.15, compared to the net loss of $4 million or loss per basic share of $0.27.
Perma-Fix CEO Mark Duff said the company is expected to see a stronger second half to the year.
“With improving production capabilities, including progress in our PFAS [Per- and polyfluoroalkyl substances] initiatives, a growing backlog, continued discipline on cost and margin, and strategic wins across our Treatment and Services Segments, we believe Perma-Fix is positioned for improved results in the second half of 2025 and beyond,” Duff said in the earnings report.
