Perma-Fix joins BWXT for $3B West Valley cleanup; Q4 guidance shows net loss

PERMA FIX ENVIRONMENTAL SERVICES INC

Selected as subcontractor on BWXT's DOE West Valley cleanup contract; up to $3B over 10-year period, 15-year max.
PESI's share of contract economics not yet defined, subject to approvals; updates to follow.
Q4 2024 revenue expected $15.8-16.5M; net loss forecast $1.5-1.9M due to government procurement delays.
West Valley site is the only U.S. commercial spent nuclear fuel reprocessing facility, now undergoing cleanup.

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