PESI - Perma-Fix: New Projects Hint At Explosive Growth

• PESI is coming out of a rough year as the COVID-19 pandemic significantly hurt their revenue and earnings numbers.
• The company recently guided for the core businesses of treatment and services to begin returning to pre-pandemic norms in 4Q21.
• PESI has four huge opportunities in front of them with new business, including some MATOCs with the U.S. Army Corps of Engineers, each worth up to $95M in revenue.
• PESI will likely win bids on decommissioning multiple of the 48 total submarines expected to be decommissioned over the next 5 years, with each ranging in $40-150M in total revenue.
• A possible contract win for the Hanford Site, a decommissioned nuclear production complex in Washington state, could dwarf all these opportunities.

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