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.

Earnings data Q1 2021

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Earnings data Q4 2024

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.

ATLANTA, March 30, 2022 (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, March 31st, 2022.

Perma-Fix Schedules Fourth Quarter and Fiscal 2021 Earnings Call

PHOENIX--(BUSINESS WIRE)--Westinghouse & Perma-Fix Inc. signed a term sheet signaling plans to develop a state-of-the-art advanced materials treatment facility in the UK.

Westinghouse and Perma-Fix Advance Cost-Effective Nuclear Materials Management in Europe

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.

Perma-Fix: New Projects Hint At Explosive Growth

Perma-Fix Environmental Services' (PESI) CEO Mark Duff on Q3 2021 Results - Earnings Call Transcript

Positioned to become a leader in the multi-billion-dollar nuclear services and waste treatment market Operates in regulated industries with high barriers to entry Business consists of two operating segments: Treatment and Services. What Perma-Fix Environmental Services does: Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) is a nuclear services company and a leading provider of nuclear and waste-management services.

Perma-Fix Environmental Services is tackling the dirty job of handling radioactive waste

Perma-Fix Environmental Services (NASDAQ:PESI) Inc told investors that the global pandemic had hit revenue in the third quarter but that it was seeing an improvement in 4Q amid new contracts and a return to normal business. In the three months to September 30, revenue at the nuclear and mixed waste management group came in at $15.8 million, down from $30.2 million in the year-ago quarter.

Perma-Fix Environmental Services expects to see improved revenue in 4Q as business returns to normal

Treatment Segment revenue increases and Services Segment adds approximately $50 million of new project backlog Treatment Segment revenue increases and Services Segment adds approximately $50 million of new project backlog

Perma-Fix Reports Financial Results and Provides Business Update for the Third Quarter of 2021

ATLANTA, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has closed an underwritten public offering of 1,000,000 shares of its common stock, at $6.20 per share. The gross proceeds to the Company from this offering were approximately $6.2 million, before deducting underwriting discounts and commissions and other offering expenses. No warrants were issued in connection with the transaction.

Perma-Fix Closes $6.2 Million Public Offering

Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) has secured a total of ~$50 million in contract awards during Q3, to be recognized over the next 18 to 24 months. These new contracts, supporting the U.S. government, enhance the company's project backlog within the Services Segment, now estimated at $74 million heading into the Q4.

Perma-Fix Secures $50M In New Contracts In Q3

Perma-Fix Environmental Services Inc has been awarded a total of about $50 million in contract awards during the third quarter of 2021. In a statement, the nuclear services company and leading provider of nuclear and mixed waste management services said the contract awards will be recognized over the next 18 to 24 months.

Perma-Fix wins about $50 million in contract awards during 3Q 2021

ATLANTA, Sept. 20, 2021 (GLOBE NEWSWIRE) -- On September 20, 2021 Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that it has been awarded a total of approximately $50 million in contract awards during the third quarter of 2021, to be recognized over the next 18 to 24 months.

Perma-Fix Awarded Approximately $50 Million in New Contracts in Q3 2021

ATLANTA, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that it has been awarded a service contract supporting the Lawrence Berkeley National Laboratory valued at $6.5 million over the next nine months.

Perma-Fix Awarded $6.5 Million Contract

Perma-Fix Environmental Services, Inc. (PESI) CEO Mark Duff on Q2 2021 Results - Earnings Call Transcript

ATLANTA, Aug. 11, 2021 (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, 2021.

Perma-Fix Reports Financial Results and Provides Business Update for the Second Quarter of 2021

ATLANTA, Aug. 06, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI), a nuclear services company, today announced it will host a conference call at 11:00 a.m. Eastern Time on Wednesday, August 11, 2021.

Perma-Fix Schedules Second Quarter 2021 Conference Call

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) has been awarded a multi-million dollar service contract for the Tritium Systems Demolition and Disposal (TSDD) project, which is expected to be completed over the next 18 months.  The company said the TSDD project aims to remove legacy tritium systems and equipment from the Princeton Plasma Physics Laboratory (PPPL), with the goal of reducing the risk of a release and safely disposing of contaminated materials.

Perma-Fix wins multi-million dollar service contract for Tritium Systems Demolition and Disposal project

ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that it has been awarded a multi-million dollar service contract for the Tritium Systems Demolition and Disposal (TSDD) project, which is expected to be completed over the next 18 months.

Perma-Fix Announces New Contract Award for Tritium Systems Demolition and Disposal Project

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) has begun the development, design, and construction of its new Therma-Fix Gen3 vacuum thermal desorption system.   The company said the new system provides a unique and full treatment cycle for a variety of problematic waste streams including mercury-contaminated wastes; soils, solids and sludges containing solvents (volatile and semi-volatile); activated charcoal and spent carbon; industrial pipeline naturally occurring radioactive materials (NORM) waste; and other challenging waste streams.

Perma-Fix announces new Therma-Fix Gen3 vacuum thermal desorption system to treat problematic waste streams

New system designed to increase capacity and lower treatment costs New system designed to increase capacity and lower treatment costs

Perma-Fix Announces New Therma-Fix Gen³, Third Generation Vacuum Thermal Desorption System to Treat Problematic Waste Streams

Perma-Fix Environmental Services (PESI) CEO on Q1 2021 Results - Earnings Call Transcript

Served as Deputy Director for Policy to then Vice President Biden in the Obama-Biden  White House and Held Senior Roles in the Energy Department

Perma-Fix Announces Appointment of Renowned Public and Private Sector Environmental Leader Kerry C. Duggan to Board of Directors

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) announced its financial results and provided a business update, telling investors it sees “significant pent-up demand'' that will drive revenue in the back half of 2021.  The company said it is advancing multiple initiatives within its treatment segment, which handles a magnitude of contaminated wastes for economic and compliant disposal.

Perma-Fix CEO Paul Duffy lays out path for its treatment and services segments to come roaring back this year

ATLANTA, May 06, 2021 (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, 2021.

Perma-Fix Reports Financial Results for the First Quarter of 2021

ATLANTA, May 04, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI), a nuclear services company, today announced it will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 6, 2021.

Perma-Fix Schedules First Quarter 2021 Conference Call

ATLANTA, April 13, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today celebrates the Company's 30th anniversary. Founded by Dr. Louis F. Centofanti in 1991, Perma-Fix has become a leader in the field of nuclear waste treatment, nuclear services and health physics.

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