Perma-Fix Environmental Services(US:PESI)2025-11-10 16:00Financial Data and Key Metrics Changes - Revenue for Q3 2025 was reported at $16.5 million, a slight decrease from $16.8 million in the same period last year, while gross profit more than doubled to $2.6 million from $1.3 million a year ago [5] - Gross margin expanded to 14.6% from 7.9%, driven by higher waste volumes and a favorable mix within treatment operations, despite increased fixed costs [5] - EBITDA showed meaningful improvement compared to the prior quarter, reflecting stronger throughput and execution discipline [5] Business Line Data and Key Metrics Changes - The treatment segment revenue increased by 45% year over year to $13.1 million, up from $9.1 million in Q3 2024, with gross margin improving to 17.3% from 4.5% [6] - Waste sales totaled $14.6 million, a 74% increase from $8.4 million in the same period last year [6] - Treatment backlog ended the quarter at $15.4 million, up from $7.9 million a year ago, indicating strong visibility into future revenue [6] Market Data and Key Metrics Changes - International waste shipments are on schedule and expected to continue into the first half of 2026, contributing to backlog stability and revenue diversity [7] - The Department of Energy's Direct Feed Low-Activity Waste facility initiated hot commissioning, marking a significant milestone in environmental cleanup efforts [7][8] Company Strategy and Development Direction - The company is positioned as a critical commercial link in the DOE's waste treatment chain, which is expected to provide long-term recurring revenue as the DOE's cleanup mission advances [8] - The PFAS destruction initiative is advancing technically and commercially, with the first-generation Perma-Fast system achieving complete destruction of PFAS compounds at a cost advantage to incineration [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's operational progress and margin expansion, highlighting the importance of automation and digital scheduling in improving productivity [6] - The company is prepared to meet DOE throughput requirements while maintaining excellent safety performance, indicating a strong operational foundation for future growth [8] Other Important Information - The company completed a union transition that improved labor stability and increased hiring efficiency, allowing for multi-shift operations [8] Q&A Session Summary - No specific questions or answers were provided in the available content, indicating that the Q&A session details are not included in the provided excerpts.