The parent company for low-level radioactive waste disposal provider Waste Control Specialists is scheduled to release its latest earnings report after market close on Thursday. Valhi Inc. management will not conduct an earnings call with financial analysts, according to Janet Keckeisen, vice president for corporate strategy and investor relations.
Valhi reported net income of $8.8 million in the second quarter, or $0.03 per diluted share. That was a strong turnaround from an $8.5 million net loss, $0.02 per diluted share, in the same quarter of 2016, primarily due to a stronger performance by its chemicals business. The company’s operating loss in its waste business was $1 million, not including a $170.6 million impairment charge connected to the canceled sale of Waste Control Specialists to LLRW disposal rival EnergySolutions.
Valhi has said in documents filed with the U.S. Securities and Exchange Commission that it is seeking a new buyer for Dallas-based Waste Control Specialists, which primarily operates a disposal complex for various types of waste in West Texas. Speaking at an industry event in early October, WCS President and CEO Rod Baltzer reportedly said an announcement on a new deal was anticipated last month.
“There is nothing to report regarding the potential sale of Waste Control,” Keckeisen said Monday by email.
Meanwhile, Atlanta-based Perma-Fix Environmental Services has scheduled its earnings call for 10 a.m. Friday. This will be the company’s first conference call since Mark Duff was promoted in September from chief operating officer to chief executive officer and former CEO Louis Centofanti became executive vice president of strategic initiatives. It also comes shortly after a Perma-Fix facility received the first-ever shipment of waste from the Energy Department’s Hanford Site for off-site treatment and disposal.
For the second quarter, Perma-Fix reported $12.7 million in revenue, down from $14.8 million on a year-over-year basis. But the $1.1 million quarterly net loss was a significant improvement from an $11.2 million net loss in 2016.
