PERMA-FIX ENVIRONMENTAL SERVICES Reports Q2 FY2023 Earnings Results on June 30, 2023
August 9, 2023
🌥️Earnings Overview
On June 30 2023, PERMA-FIX ENVIRONMENTAL SERVICES ($NASDAQ:PESI) reported a 28.7% year-over-year increase in their total revenue for the second quarter of FY2023, amounting to USD 25.0 million. Net income also rose by 132.6%, resulting in a total of USD 0.47 million.
Stock Price
On Thursday, June 30, 2023, PERMA-FIX Environmental Services reported its financial results for the second quarter of FY2023, with a 4.0% increase in its stock price. The stock opened the day at $9.1 and closed at $9.5, representing an increase from the previous closing price of $9.1. PERMA-FIX Environmental Services provides environmental and nuclear services to manage hazardous and radioactive waste from land and sea. The company also offers industrial and medical waste management services, and works to help ensure the safe reuse of contaminated land.
The company’s CEO expressed optimism that the strong second quarter performance was a sign of continued success in the years ahead. He credited the company’s growth to its skilled and dedicated employees, as well as its commitment to innovation and sustainability. With a robust portfolio of services that provide customers with cost-effective solutions for their environmental and nuclear challenges, PERMA-FIX Environmental Services is well-positioned to continue its upward trajectory in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for PESI. More…
| Total Revenues | Net Income | Net Margin |
| 80.37 | -0.96 | -0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for PESI. More…
| Operations | Investing | Financing |
| 6.93 | -1.31 | -0.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for PESI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 74.58 | 36.35 | 2.82 |
Key Ratios Snapshot
Some of the financial key ratios for PESI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -4.2% | – | -0.1% |
| FCF Margin | ROE | ROA |
| 7.0% | -0.2% | -0.1% |
Analysis
At GoodWhale, we have conducted an extensive analysis of PERMA-FIX ENVIRONMENTAL SERVICES’s financials. Based on this analysis, we have determined that PERMA-FIX ENVIRONMENTAL SERVICES is a medium risk investment in terms of financial and business aspects. We have identified one risk warning in the balance sheet and we strongly recommend that potential investors become registered users in order to review this warning. We believe that understanding the potential risks of an investment is essential to making a sound financial decision. At GoodWhale, our mission is to provide investors with the necessary information to make informed decisions. We are committed to helping our users make smart investments and avoiding potentially costly mistakes. More…
Peers
The competition between Perma-Fix Environmental Services Inc and its competitors Central Plains Environment Protection Co Ltd, Deep Green Waste & Recycling Inc, and National Waste Management Holdings Inc is fierce. These companies are all competing to offer the best environmental services in their respective markets, with each striving to offer their customers the best quality services at the most competitive prices. As the environmental services industry continues to grow and evolve, these companies are doing all they can to stay at the forefront of the industry and set themselves apart from their competition.
– Central Plains Environment Protection Co Ltd ($SZSE:000544)
Central Plains Environment Protection Co Ltd is a leading environmental protection company that provides innovative solutions for reducing pollution and protecting the environment. With a market cap of 6.41B as of 2023 and a Return on Equity of 10.01%, the company shows its ability to generate significant profits while maintaining impressive financial performance. Central Plains Environment Protection Co Ltd offers a wide variety of services, including air and water monitoring, hazardous waste management, and resource conservation. The company has established a strong presence in the industry, with an emphasis on sustainability and innovation.
– Deep Green Waste & Recycling Inc ($OTCPK:DGWR)
Green Waste & Recycling Inc is a leading provider of waste and recycling solutions in the United States. As of 2023, the company has a market cap of 201.16k, representing the total market value of its shares. In addition, the Return on Equity (ROE) is 28.14%, which is a measure of how efficiently the company is using its equity to generate profits relative to its total assets. This strong financial position is a testament to the success of its sustainable waste and recycling solutions, which are designed to reduce costs while making a positive impact on the environment.
– National Waste Management Holdings Inc ($OTCPK:NWMH)
National Waste Management Holdings Inc is a waste disposal company that is based in the United States and provides environmental services to both public and private customers. Its market capitalization, as of 2023, is 851.15k. Its Return on Equity (ROE) is -4.59%, which is below average compared to other companies in the sector. This indicates that investors can expect a lower rate of return for every dollar invested in the company. The company’s services include waste collection, transportation, disposal, and recycling services. In addition, National Waste Management Holdings Inc has been expanding its services to include industrial and hazardous waste management and recycling services. The company also offers professional consulting services related to waste management.
Summary
PERMA-FIX ENVIRONMENTAL SERVICES has had a strong second quarter of FY2023, reporting an impressive 28.7% increase in total revenue year-over-year. Furthermore, net income has increased by 132.6%. As a result, the stock price has seen a positive reaction from investors.
With such strong results, PERMA-FIX ENVIRONMENTAL SERVICES is likely to be an attractive investment option for investors looking for a profitable, long-term return. With the company’s positive performance this quarter, investors should be confident that they are making a solid investment in PERMA-FIX ENVIRONMENTAL SERVICES.
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