Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc. is a nuclear services company, which provides nuclear and mixed waste management services. The firm operates its business through following segments: Treatment, Services, and Medical. The Treatment segment includes nuclear, low-level radioactive, mixed hazardous and non-hazardous waste treatment, processing and disposal services primarily through four uniquely licensed and permitted treatment and storage facilities. The Services segment includes on-site waste management services to commercial and government customers, technical services and nuclear services. The Medical segment includes R&D costs for the new medical isotope production technology from its majority-owned Polish subsidiary, PF Medical. The company was founded by Louis F. Centofanti in December 1990 and is headquartered in Atlanta, GA.

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Perma-Fix sees profit surge and eyes DOE contract windfall

Perma-Fix Environmental Services (PESI) demonstrated improved financial performance in Q4 2022, with a focus on profitability and growth opportunities.
The company's strengths lie in its unique waste treatment capabilities, diverse segments, and potential for significant revenue growth.
While facing challenges such as labor issues, Perma-Fix is actively addressing them and positioning itself for future success through strategic initiatives.

Perma-Fix Environmental Services reports robust Q1 growth and strategic opportunities

PESI's strong Q1 2023 performance reflects revenue and profit growth, supported by new contracts and operational improvements.
While facing challenges in revenue realization and waste stream handling capacity, the company's strategic strengths and growth opportunities position it for future success.
With a focus on diversification, operational efficiency, and market expansion, PESI is poised for profitability and sustained growth in the environmental services sector.

Perma-Fix Environmental Services (PESI) reports strong Q2 performance and eyes international growth

Perma-Fix Environmental Services (PESI) delivered strong financial performance in Q2 '23, marked by revenue and profit growth, improved EBITDA, and enhanced liquidity.
The company showcased operational strengths through new contract wins, project progress, and strategic partnerships, positioning itself for future growth and success.
While facing challenges related to project timelines and margin optimization, Perma-Fix Environmental Services (PESI) has opportunities for revenue expansion through international contracts and strategic initiatives.
Overall, Perma-Fix Environmental Services (PESI) remains optimistic about future earnings potential, supported by a solid financial foundation, ongoing projects, and growth prospects in key markets.

Perma-Fix reports strong Q3 growth, eyes European expansion

Perma-Fix Environmental Services (PESI) delivered a strong Q3 2023 performance, driven by revenue growth, new project wins, and operational improvements, despite temporary customer delays impacting short-term revenue expectations.
The company's focus on growth initiatives, including the DFL facility startup progress and transuranic waste processing contracts, positions it for future revenue growth and margin improvement once key operations are fully operational.
Challenges such as legal uncertainties, temporary revenue fluctuations, and operational complexities exist but are balanced by opportunities in securing new partnerships, expanding into the European market, and driving earnings growth in 2025.
Overall, Perma-Fix remains optimistic about its business outlook, appreciates shareholder support, and aims to capitalize on emerging opportunities to enhance its market position and drive sustainable profitability.

Perma-Fix (PESI) reports robust Q4 results, eyes PFAS market

Perma-Fix Environmental Services (PESI) delivered strong financial performance in Q4 2023, with positive outlooks for future growth. The company's focus on PFAS technology and strategic initiatives position them well for long-term success in the environmental services sector.

Perma-Fix Environmental Services faces challenges but sees growth opportunities

Perma-Fix Environmental Services faced challenges in Q1 2024 but showed strengths in securing contracts and advancing its PFAS treatment technology, while opportunities lie in market growth and licensing agreements.
The company's financial performance reflected the challenges faced, with a net loss reported, but strategic investments and backlog growth indicate potential for revenue generation in the future.
Despite competition and financial constraints, Perma-Fix remains confident in its business outlook, appreciating shareholder support and aiming to capitalize on emerging opportunities in the industry.

Perma-Fix Environmental Services (PESI) navigates Q2 challenges, eyes growth opportunities

Despite facing challenges in Q2 2024, Perma-Fix Environmental Services (PESI) remains confident in its outlook, focusing on growth initiatives and international expansion. The company's strategic investments in R&D and marketing for PFAS technology highlight its commitment to innovation and future growth.

Perma-Fix Environmental Services reports Q3 challenges and strategic advancements

PESI faced challenges with operational disruptions and financial performance in Q3
However, the company secured significant projects and made strides in PFAS technology
Future opportunities lie in international expansion and new PFAS treatment developments

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Perma-Fix Environmental Services, Inc. is a nuclear services company, which engages in providing nuclear waste management services. It operates through the following segments: Treatment, Services, and Corporate. The Treatment segment includes nuclear, low-level radioactive, mixed hazardous and non-hazardous waste treatment, and processing and disposal services. The Services segment relates to on-site waste management services to commercial and government customers, technical services and nuclear services. The company was founded by Louis Francis Centofanti in December 1990 and is headquartered in Atlanta, GA.

Perma-Fix Environmental Services, Inc. (PESI) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to loss of $0.12 per share a year ago.

Perma-Fix Environmental Services, Inc. (PESI) Surpasses Q4 Earnings and Revenue Estimates

ATLANTA, March 13, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the fourth quarter and full year ended December 31, 2023. Mark Duff, President and CEO of the Company, commented, “I am pleased to report solid financial results for the fourth quarter and 2023.

Perma-Fix Achieves 36% Year-Over-Year Increase in Revenue to $22.7 Million for the Fourth Quarter of 2023

ATLANTA, March 08, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it will host a conference call at 11:00 AM Eastern Time on Wednesday, March 13, 2024.

Perma-Fix Schedules Fourth Quarter and Fiscal 2023 Business Update Conference Call

Perma-Fix Environmental Services (PESI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Perma-Fix (PESI) Soars 10.3%: Is Further Upside Left in the Stock?

Perma-Fix's stock experienced volatility throughout 2023 but ended the year as a double. The company recently received a EUR 50M contract in Italy, which could be the first of several opportunities in Europe for Perma-Fix. The treatment of secondary waste from the Hanford cleanup site presents an enormous and possibly transformative opportunity for the company.

Perma-Fix: 2024 Could Be A Transformative Year

ATLANTA, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that the European Commission (EC) has formally awarded the previously announced multi-year contract, valued at up to EUR 50 million, for the treatment of radioactive waste from the Joint Research Center (JRC) in Ispra, Italy, to the Company's joint venture with Campoverde Srl.

Perma-Fix Joint Venture Receives Formal Award of European Waste Treatment Contract Valued at up to EUR 50 Million

Provides update on Test Bed Initiative for offsite treatment and disposal of Hanford Low Activity Waste Provides update on Test Bed Initiative for offsite treatment and disposal of Hanford Low Activity Waste

Perma-Fix Joint Venture Receives Notice of Intent to Award European Waste Treatment Contract Valued at up to EUR 50 Million

Perma-Fix stock has performed well this year, up 117% YTD, but I believe the stock has significant upside remaining. Significant growth opportunities are set to significantly enhance profits. Some of these opportunities are already secured. The main risk is delays to government projects, though delays are somewhat mitigated.

PESI: Earnings Come To Those Who Wait

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q3 2023 Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President & Chief Executive Officer Ben Naccarato - Executive Vice President & Chief Financial Officer Dr. Louis Centofanti - Executive Vice President of Strategic Initiatives Conference Call Participants Howard Brous - Wellington Shields & Co. Brian Russo - Sidoti & Company Ross Taylor - ARS Investment Partners Operator Good day, and welcome to the Perma-Fix third quarter 2023 earnings conference call. [Operator Instructions] It is now my pleasure to turn the floor over to your host from Investor Relations, David Waldman.

Perma-Fix Environmental Services, Inc. (PESI) Q3 2023 Earnings Call Transcript

ATLANTA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results for the third quarter ended September 30, 2023, and provided a business update. Mark Duff, President and CEO of the Company, commented, “I am pleased to report another solid quarter, as we achieved an 18.4% increase in revenue to $21.9 million, a 48.2% increase in gross profit, net income of $341,000 and $1.2 million of EBITDA (as defined below) for the third quarter of 2023.

Perma-Fix Reports 18% Year-Over-Year Increase in Revenue to $21.9 Million for the Third Quarter of 2023

ATLANTA, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it will host a conference call at 11:00 AM Eastern Time on Thursday, November 2, 2023.

Perma-Fix Schedules Third Quarter 2023 Business Update Conference Call

Perma-Fix Environmental Services specializes in environmental clean-up services, with major customers including the US government. The company operates in a heavily regulated industry, which creates both advantages and disadvantages. Perma-Fix is positioned for future growth due to increasing power generation needs and potential expansion into new markets.

Perma-Fix Faces Both Opportunities And Challenges

Perma-Fix Environmental Services, Inc. (PESI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Perma-Fix Environmental Services, Inc. (PESI) Upgraded to Buy: What Does It Mean for the Stock?

WILMINGTON, Del.--(BUSINESS WIRE)--Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential securities violations and breach of fiduciary duty claims against Perma-Fix Environmental, Inc. (“Perma-Fix Environmental” or the “Company”) (NASDAQCM: PESI). If you currently own shares of Perma-Fix Environmental, Inc. and want to receive additional information and protect your investments free of charge, please v.

PERMA-FIX ENVIRONMENTAL (PESI) SHAREHOLDER ALERT - Andrews & Springer LLC Is Investigating Perma-Fix Environmental Services, Inc. For Potential Securities Violations and Breaches of Fiduciary Duty

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ATLANTA, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced its joint venture, Enviro-Fix Solutions, LLC, in which it owns a 45% ownership stake, has been awarded a $40 million, 5-year contract by the Buffalo District of the U.S. Army Corps of Engineers (USACE) for environmental remediation at the Niagara Falls Storage Site (NFSS). Enviro-Fix is a joint venture between ECC of Burlingame, CA and Perma-Fix to provide remediation and waste management services for the USACE clean-up mission.

Perma-Fix Joint Venture Awarded $40 Million, 5-Year USACE Contract for Environmental Remediation at the Niagara Falls Storage Site

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President & Chief Executive Officer Ben Naccarato - Executive Vice President & Chief Financial Officer Conference Call Participants Brian Russo - Sidoti Ross Taylor - ARS Investment Partners Aaron Warwick - Breakout Investors Stephen Fein - Sofein LLC Operator Greetings. Welcome to the Perma-Fix Second Quarter 2023 Earnings Conference Call.

Perma-Fix Environmental Services, Inc. (PESI) Q2 2023 Earnings Call Transcript

ATLANTA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the second quarter ended June 30, 2023. Mark Duff, President and CEO of the Company, commented, “We are on a solid growth trajectory and have returned to profitability following the impact of the COVID-19 pandemic.

Perma-Fix Reports 29% Increase in Revenue to $25 Million for the Second Quarter of 2023

ATLANTA, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has been awarded two new contracts totaling more than $8 million within its Services Segment. These projects are expected to start in the third quarter of 2023.

Perma-Fix Announces Over $8 Million in New Contract Awards

ATLANTA, July 31, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it will host a conference call at 11:00 AM Eastern Time on Thursday, August 03, 2023.

Perma-Fix Schedules Second Quarter 2023 Business Update Conference Call

ATLANTA, July 17, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it held a Project Labor Agreement (PLA) signing event with UA Plumbers & Steamfitters Local 598, on July 14, 2023. The goal of this partnership is to supply the Perma-Fix Northwest Facility (PFNW) with the organized labor force needed to take on the challenges of providing a supplement treatment alternative to include concrete-like grout for Hanford's Low Activity Tank Waste. This supplemental capability would support U.S. Department of Energy's (DOE) glassifying process provided by the Hanford Vitrification Plant for safe transport and disposal off-site. A number of key government officials and community leaders attended the event to express support for the project.

Perma-Fix Partners with UA Plumbers & Steamfitters Local 598 to Provide Safe and Reliable Option For Hanford Tank Waste Grouting and Disposal

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q1 2023 Earnings Call May 9, 2023 11:00 AM ET Company Participants David K. Waldman - Investor Relations, Crescendo Communications, LLC Mark Duff - President and Chief Executive Officer Ben Naccarato - Executive Vice President and Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields Brian Russo - Sidoti Ross Taylor - ARS Investment Partners Aaron Warwick - Breakout Investors Avram Fisher - Long Cast Advisers Stephen Fein - Sofein LLC Operator Greetings.

Perma-Fix Environmental Services, Inc. (PESI) Q1 2023 Earnings Call Transcript

ATLANTA, May 10, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the first quarter ended March 31, 2023. Mark Duff, President and Chief Executive Officer (CEO) of the Company, commented, “I am pleased to report we achieved a 26.3% increase in revenue and an 83.9% increase in gross profit for the first quarter of 2023, compared to the same period last year.

Perma-Fix Reports 26% Increase in Revenue to $20.1 Million for the First Quarter of 2023

ATLANTA, May 09, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has rescheduled its first quarter 2023 conference call for 11:00 AM Eastern Time on Wednesday, May 10, 2023.

Perma-Fix Reschedules First Quarter 2023 Business Update Conference Call

ATLANTA, April 14, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has been awarded eight new contracts over the past few months that increase existing backlog for both the Services and Treatment Segments of the Company. These new awards include a diverse array of contracts to provide commercial reactor decommissioning, complex waste component processing and field projects for the Department of Energy (DOE), soil sorting activities for the Department of Defense (DOD) and Environmental Protection Agency, and large volume transload activities for waste disposition. These contracts total approximately $15 million of revenue that is expected to be recognized in 2023, with additional option phases that have a potential value of over $14 million and could extend into 2024.

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