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 Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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 20, 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, March 23, 2023.

Perma-Fix Schedules Fourth Quarter and Fiscal 2022 Business Update Conference Call

ATLANTA, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced that the U.S. Department of Energy (DOE) has recently published an amendment to the 2013 Record of Decision (ROD) for the Final Tank Closure and Waste Management Environmental Impact Statement for the Hanford Site, Richland, Washington (DOE/EIS-0391, December 2012) (TC&WM EIS).

Perma-Fix Comments on Recently Published Department of Energy Notice

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2022 was a rough year for most equities, with the S&P down 19% and the Russell 2000 down nearly 22% on the year. In large part because of rough market conditions, several names I cover or follow are at attractive risk/reward levels.

My Top Small-Cap Ideas For 2023

PESI had a disappointing year in 2022, but is set up for success in 2023. PESI's Services Segment was weaker than anticipated in 2022 due to government delays, but that backlog has recently started to pick back up.

Perma-Fix Set Up For Success In 2023

Perma Fix Environmental Services (NASDAQ:PESI ) Q3 2022 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President and Chief Executive Officer Lou Centofanti - Executive Vice President, Strategic Initiatives Ben Naccarato - Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields Ross Taylor - ARS Investment Partners Bill Nasgovitz - Heartland Advisors Operator Good morning ladies and gentlemen and welcome to the Perma-Fix Third Quarter 2022 Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Mr.

Perma Fix Environmental Services (PESI) Q3 2022 Earnings Call Transcript

Perma-Fix Environmental Services (NASDAQ:PESI) Inc has reported a 17% increase in group revenue in the third quarter and said it expects to see continued growth next quarter. In the three months to end-September, revenue came in at $18.5 million, up from $15.8 million in Q3, 2021.

Perma-Fix Environmental Services reports 17% jump in 3Q group revenue

Third quarter 2022 gross profit increases 38% over same period last year Third quarter 2022 gross profit increases 38% over same period last year

Perma-Fix Reports 17% Increase In Revenue to $18.5 Million for the Third Quarter of 2022

ATLANTA, Oct. 31, 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, November 3, 2022.

Perma-Fix Schedules Third Quarter 2022 Business Update Conference Call

Perma-Fix has suffered a delayed recovery from Covid-19. After a very slow first half 2022, all signs point towards the turnaround happening right now.

Perma-Fix: The Time To Act Is Now

Perma-Fix Environmental Services, Inc. (NASDAQ:PESI ) Q2 2022 Earnings Conference Call August 5, 2022 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President and Chief Executive Officer Benio Naccarato - Chief Financial Officer Dr. Lou Centofanti - Executive Vice President, Strategic Initiatives Conference Call Participants Howard Brous - Wellington Shields & Co. David Wright - Henry Investment Trust Ryan Hamilton - Morgan Dempsey Capital Management Michael Prouting - 10K Capital LLC Operator Good afternoon, ladies and gentlemen, and welcome to the Perma-Fix Environmental Services Second Quarter 2022 Conference Call. [Operator Instructions].

Perma-Fix Environmental Services, Inc. (PESI) CEO Mark Duff on Q2 2022 Results - Earnings Call Transcript

Perma-Fix Environmental Services (NASDAQ:PESI) Inc has announced that its second-quarter 2022 revenue rose 20.5% to $19.5 million, boosted by sequential and year-over-year sales growth in both its Treatment and Services segments. The nuclear services company said growth in both segments was due, in part, to the resumption of work and attaining complete operational levels on several projects that had been delayed due to the impact of the coronavirus (COVID-19) pandemic, as well as a 54% increase in waste receipts, including both commercial and international waste.

Perma-Fix Environmental Services sees 2Q revenue climb 20% on Treatment and Services sales growth

Reports sequential and year-over-year revenue growth in both the Treatment and Services Segments Reports sequential and year-over-year revenue growth in both the Treatment and Services Segments

Perma-Fix Reports Over 20% Increase in Revenue to $19.5 Million for the Second Quarter of 2022

ATLANTA, Aug. 01, 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 Friday, August 5th, 2022.

Perma-Fix Schedules Second Quarter 2022 Business Update Conference Call

Perma-Fix Environmental Services (NASDAQ:PESI) Inc has announced that it is one of just three suppliers to be awarded a framework contract by Nuclear Waste Services (NWS), part of the UK's Nuclear Decommissioning Authority (NDA).  The company has been selected to compete for firm, fixed-price and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the UK, with a maximum value of £41 million (US$48.8 million) over four years.

Perma-Fix Environmental Services says it is among three suppliers awarded contract to treat and condition radioactive waste in the UK

ATLANTA, July 11, 2022 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced it is one of only three suppliers awarded a Framework Contract by Nuclear Waste Services (NWS), part of the United Kingdom's (UK) Nuclear Decommissioning Authority (NDA), which is focused on management of the UK's nuclear waste, safely and securely for generations to come. As a result of the award, Perma-Fix has been selected to compete for firm, fixed-price and cost-reimbursement task orders for the treatment and conditioning of radioactive waste in the UK, with a maximum ceiling of £41 million over four years.

Perma-Fix Among Three Suppliers Awarded Four-Year Framework Contract Worth up to £41 Million for the Treatment and Conditioning of Radioactive Waste in the UK

Perma-Fix Environmental Services Inc (NASDAQ:PESI ) Q1 2022 Earnings Conference Call May 5, 2022 11:00 AM ET Company Participants David Waldman - Investor Relations Mark Duff - President and Chief Executive Officer Lou Centofanti - Executive Vice President, Strategic Initiatives Ben Naccarato - Chief Financial Officer Conference Call Participants Howard Brous - Wellington Shields Steven Fine - Private Investor Aaron Warwick - Breakout Investors James Godfrey - Godfrey Consulting Group Operator Good afternoon, ladies and gentlemen and welcome to the Perma-Fix Environmental Services First Quarter 2022 Conference Call. [Operator Instructions] It is now my pleasure to turn the floor over to your host, David Waldman, Investor Relations.

Perma-Fix Environmental Services Inc (PESI) CEO Mark Duff on Q1 2022 Results - Earnings Call Transcript

Perma-Fix Environmental Services (NASDAQ:PESI) Inc told investors that the global pandemic had hit revenue in the first quarter but that it saw an improvement in March, and expected revenue expansion to continue in the following quarter amid new contracts and a return to normal business. In the three months ended March 31, 2022, the Atlanta-based nuclear services company saw revenue of $15.9 million, down from $23.1 million in the same quarter of 2021.

Perma-Fix Environmental sees 'improved' results in March and expects revenue to expand in 2Q

ATLANTA, May 05, 2022 (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, 2022.

Perma-Fix Reports Financial Results and Provides Business Update for the First Quarter of 2022

PESI management recently indicated the business is heating up, with an unprecedented number of bids in March 2022. Several reports and public comments related to the potentially lucrative Hanford site clean-up indicate momentum building for PESI's solution to win out.

For Perma-Fix, The 'Return To Normal' Is Beyond Bullish

Perma-Fix Environmental Services Inc. (PESI) CEO Mark Duff on Q4 2021 Results - Earnings Call Transcript

Perma-Fix Environmental Services (NASDAQ:PESI) Inc said it has over $66 million in project backlog after being awarded strategic projects within its Services Segment. The nuclear services company is looking ahead to 2022 after taking pandemic-related hits to its bottom line in 2021.

Perma-Fix Environmental Services looks to 2022 with project backlog of over $66M in Services Segment

Treatment Segment revenue increases 56.8% for the fourth quarter of 2021

Perma-Fix Reports Financial Results and Provides Business Update for 2021

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.

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