Date: May 16, 2002
Source: News Room
Perma-Fix Environmental Services Inc. expects to post a loss of about $2 million for the first quarter, due in part to its inability to finalize negotiations with certain contract changes and surcharges related to it Oak Ridge, Tenn. contracts. The final negotiated amount for work performed during the first quarter is presently uncertain, but could be "a substantial amount," company officials said. The environmental services company expects a profitable second quarter regardless of the resolution of the contract changes and surcharges. In the year-ago second quarter, the company reported a loss of $714,000, or 3 cents a share, on revenue of $17.8 million. Perma-Fix also believes it can achieve growth and profitability for full-year 2002. The company reported a loss of 3 cents a share for 2001, but said it would have achieved profitability excluding a write-off. More information: www.perma-fix.com.
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