- 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.
For further details see:
Perma-Fix: New Projects Hint At Explosive Growth