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.

Chris Leichtweis is the former CEO of the North Wind Group a $2 Billion dollar provider of services to commercial enterprises and Department of Energy who as a partner, actively markets and deploys EdgeTI™ platform across its government and enterprise customers. Presently CEO of AERO-B Motorsports and Applied, Mr.

EdgeTI Appoints Christopher Leichtweis, Accomplished AEC Executive and CEO/Founder of AERO-B Motorsports and Applied, to Its Industry Advisory Council

ATLANTA, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) (“Perma-Fix” or the “Company”), today announced the pricing of its previously announced underwritten public offering of 2,200,000 shares of its common stock at a price to the public of $10.00 per share. Perma-Fix expects the gross proceeds from the offering to be approximately $22 million before deducting the underwriting discount and other estimated offering expenses. In connection with the offering, Perma-Fix has granted the underwriter a 30-day option to purchase up to 330,000 additional shares of its common stock at the public offering price, less the underwriting discount. The offering is expected to close on or about December 19, 2024, subject to the satisfaction of customary closing conditions.

Perma-Fix Announces Pricing of $22 Million Public Offering of Common Stock

ATLANTA, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) (“Perma-Fix” or the “Company”), an environmental and environmental technology know-how company, today announced that it has commenced an underwritten public offering of shares of its common stock. The proposed offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the proposed offering.

Perma-Fix Announces Proposed Public Offering of Common Stock

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President and Chief Executive Officer Louis Centofanti - Executive Vice President of Strategic Initiatives Ben Naccarato - Executive Vice President and Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields & Co. Aaron Spychalla - Craig-Hallum Aaron Warwick - Breakout Investors Jim Gerson - Private Investor Ross Taylor - ARS Investment Partners Operator Good morning, and welcome to the Perma-Fix Fiscal Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Perma-Fix Environmental Services, Inc. (PESI) Q3 2024 Results - Earnings Call Transcript

ATLANTA, Nov. 11, 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, November 13, 2024.

Perma-Fix Schedules Third Quarter 2024 Business Update Conference Call

ATLANTA, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “ Company”) announces the successful completion of the fabrication, installation, commissioning, and startup of its first full-scale commercial Perma-FAS system for PFAS (Per- and Polyfluoroalkyl Substances) destruction at the Company's Perma-Fix Florida facility. This landmark development in Perma-Fix's PFAS treatment technology marks a significant step forward in the safe, energy-efficient destruction of PFAS, commonly known as "forever chemicals."

Perma-Fix Environmental Services Announces Successful Startup of its First Commercial Perma-FAS System for PFAS Destruction

Perma-Fix's future looks promising, with the Hanford Site vitrification plant and West Valley contract expected to significantly boost high-margin treatment revenue starting in 2025. The company is also developing a proprietary PFAS treatment method, with the first facility operational soon, potentially leading to substantial additional revenue. Despite current unprofitability, awarded contracts and upcoming projects suggest PESI could achieve $3.00/share EPS by 2026, making the current stock price a bargain.

Perma-Fix: The Future Is Near

ATLANTA, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “ Company”) today announced that Dr. Louis Centofanti, Executive Vice President of Strategic Initiatives at Perma-Fix Environmental Services, will be presenting at the Gabelli Funds' 2nd Annual PFAS Symposium, being held on Thursday, September 26th at the Harvard Club in New York City. Dr. Centofanti is scheduled to present at 1:30 PM ET. Management will also be participating in one-on-one meetings with qualified investors throughout the conference. To request a meeting, please contact James Carey at Gabelli & Company: jcarey@gabelli.com .

Perma-Fix to Present at the Gabelli Funds' 2nd Annual PFAS Symposium in New York City on September 26th

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q2 2024 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants David Waldman - Crescendo Communications. Mark Duff - President & Chief Executive Officer Ben Naccarato - Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields Aaron Spychalla - Craig-Hallum Aaron Warwick - Breakout Investors Operator Greetings, and welcome to the Perma-Fix Fiscal Second Quarter 2024 Earnings Conference Call.

Perma-Fix Environmental Services, Inc. (PESI) Q2 2024 Earnings Call Transcript

ATLANTA, Aug. 06, 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 Thursday, August 8, 2024.

Perma-Fix Schedules Second Quarter 2024 Business Update Conference Call

ATLANTA, July 30, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) announces it has acquired the Environmental Waste Operations Center (EWOC) near Oak Ridge, Tennessee. The EWOC facility has been leased by the Company for several years and this purchase solidifies Perma-Fix's plans to invest in facility upgrades to capitalize on regional opportunities, including large-scale decontamination projects, waste processing, trans-loading from truck to rail, and the future implementation of PFAS (Per- and polyfluoroalkyl substances) waste processing capabilities.

Perma-Fix Environmental Services Acquires Environmental Waste Operations Center (EWOC) Near Oak Ridge, TN

ATLANTA, July 01, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) announces it has been added as a member of the Russell 3000 Index, effective after the US market opens today, July 1, as part of the 2024 Russell indexes reconstitution.

Perma-Fix Environmental Services Added to Membership of Russell 3000 Index

Selects ProcessBarron for fabrication and assembly of the new commercial unit Commercial unit on track to begin accepting waste in the second half of 2024 ATLANTA, June 12, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today provided an update on its patent-pending new process, Perma-FAS®, for the destruction of per- and polyfluoroalkyl substances (PFAS), including design specifications and the Company's selection of ProcessBarron for the fabrication and assembly of its new Perma-FAS commercial unit. The system is a 1,000 gallon unit and is expected to be fully operational and accepting commercial waste for destruction by Q4 of this year.

Perma-Fix Environmental Services Provides Further Updates on Patent-Pending Process for Destruction of PFAS Compounds

ATLANTA, May 22, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) (“Perma-Fix” or the “Company”) today announced that it has entered into a definitive agreement for the issuance and sale of 2,051,282 shares of its common stock at an offering price of $9.75 per share.

Perma-Fix Announces Pricing of Approximately $20 Million Registered Direct Offering

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q1 2024 Results Conference Call May 9, 2024 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President and CEO Louis Centofanti - EVP of Strategic Initiatives Ben Naccarato - CFO Conference Call Participants Howard Brous - Wellington Shields Ross Taylor - ARS Investment Aaron Warwick - Breakout Investors Operator Good day. And welcome to the Perma-Fix Fiscal First Quarter 2024 Earnings Conference Call [Operator Instructions].

Perma-Fix Environmental Services, Inc. (PESI) Q1 2024 Earnings Call Transcript

Perma-Fix Environmental Services, Inc. (PESI) came out with a quarterly loss of $0.25 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.

Perma-Fix Environmental Services, Inc. (PESI) Reports Q1 Loss, Misses Revenue Estimates

ATLANTA, May 09, 2024 (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, 2024.

Perma-Fix Reports Financial Results and Provides Business Update for the First Quarter of 2024

Highlights advantages of its new PFAS destruction technology as a preferred alternative to landfills, deep well injection and incineration Highlights advantages of its new PFAS destruction technology as a preferred alternative to landfills, deep well injection and incineration

Perma-Fix Environmental Services Commends EPA on Regulatory and Enforcement Measures for PFAS

ATLANTA, May 07, 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 Thursday, May 9, 2024.

Perma-Fix Schedules First Quarter 2024 Business Update Conference Call

ATLANTA, May 03, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that it was selected by the U.S. Department of Energy (DOE) Office of Environmental Management (EM) to participate in a 10-year, small business set-aside, multiple-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract to provide nationwide Deactivation, Decommissioning and Removal (DD&R) services for EM sites, the National Nuclear Security Administration (NNSA), Office of Naval Reactors (ONR), and the Office of Science (SC).

U.S. Department of Energy Selects Perma-Fix to Participate in Nationwide DD&R Small Business IDIQ Contract

Perma-Fix has developed a revolutionary treatment process to eliminate PFAS compounds, presenting a significant opportunity for the company. The company plans to construct three PFAS treatment plants in the US, targeting various potential markets. PESI's PFAS solution could compete with the incineration process and the separation process, expanding its total addressable market.

Perma-Fix Has Multiple Opportunities To Succeed

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ATLANTA, April 03, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it has successfully completed pilot plant testing on its new, patent-pending process for the destruction of Per- and Polyfluorinated Substances (PFAS), commonly known as “forever chemicals.” PFAS compounds do not degrade over time through any natural process or environmental conditions, bioaccumulate, and are harmful to humans and the environment. The tests were designed to demonstrate the destruction of commercial quantities of PFAS-contaminated liquids and better define the parameters needed to construct the first commercial unit.

Perma-Fix Successfully Completes Pilot Plant Testing and Unveils New Process for Destruction of PFAS “Forever Chemicals”

ATLANTA, March 27, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “ Company”) today announced that Mark Duff, Chief Executive Officer of Perma-Fix, will be presenting at the 10th Annual Gabelli & Company Waste Services Symposium, being held on Thursday, April 4th at the Harvard Club in New York City. Mr. Duff is scheduled to present at 1:15 PM ET. Management will also be participating in one-on-one meetings with qualified investors throughout the conference. To request a meeting, please contact James Carey at Gabelli & Company: jcarey@gabelli.com .

Perma-Fix to Present at the 10th Annual Gabelli & Company Waste Services Symposium in New York City on April 4th

Perma-Fix Environmental Services, Inc. (PESI) Q4 2023 Earnings Call Transcript

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