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Perma-Fix Q4 Results.pdf

2019-04-01_Perma_Fix_Reports_Results_for_the_Fourth_Quarter_4792.pdf

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Summary

Perma-Fix Environmental Services reported a net loss of $2.4 million for Q4 2018, compared to net income of $340,000 in Q4 2017, due to an unplanned outage and closure costs. Despite this, the company announced $17 million in new contract awards for 2019, including remediation work in Canada and US Department of Energy locations, and commenced commercial operations of the GeoMelt unit. Revenue for Q4 2018 was $11.7 million, with Treatment Segment revenue increasing to $9.0 million, while Services Segment revenue decreased to $2.7 million. The company's Adjusted EBITDA was $2.0 million, and they expect improvements in 2019 due to new contracts and the commercialization of waste processing and treatment.

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Description

Perma-Fix Environmental Services reported a net loss of $2.4 million for Q4 2018, compared to net income of $340,000 in Q4 2017, due to an unplanned outage and...

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File Format: PDF
File Size: 97 KB
Pages: 7
Language: EN
Total Downloads: 173
Last Updated: 2 days ago

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