Welcome to our dedicated page for Perma-Fix Environmental Svcs news (Ticker: PESI), a resource for investors and traders seeking the latest updates and insights on Perma-Fix Environmental Svcs stock.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) generates news across nuclear waste management, environmental remediation and PFAS destruction technologies. As a nuclear services company, it reports on developments at its four nuclear waste treatment facilities, including the Perma-Fix Northwest Mixed Waste Facility in Richland, Washington, which operates under a Dangerous Mixed Waste Permit and supports cleanup work associated with the Hanford site.
News for PESI often covers segment performance in its Treatment and Services businesses, such as changes in waste volumes, backlog trends, and updates on federal and commercial projects. Company releases provide detail on support for major U.S. Department of Energy programs, including the Direct-Feed Low-Activity Waste (DFLAW) facility at Hanford, as well as contracts and task order opportunities with agencies like the Department of Defense.
Perma-Fix also issues frequent updates on its PFAS initiatives. These include expansion of its proprietary Perma-FAS PFAS destruction technology to new waste streams such as leachate and wastewater concentrates, commercial operations at its PFAS destruction reactor, and collaborations with partners like Enforcer One to provide end-to-end PFAS foam transition solutions. Announcements may highlight technology milestones, customer demand, and the integration of separation technologies with destruction capabilities.
Investors and industry observers can use the PESI news feed to follow earnings releases, business updates, regulatory and permitting milestones, labor and governance developments, and recognition of company leadership. Bookmark this page to access a consolidated view of Perma-Fix press releases and related coverage as the company reports on nuclear services, waste treatment capacity and PFAS remediation activities.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) will hold a conference call on March 23, 2023, at 11:00 AM ET. The call will feature Mark J. Duff, CEO, along with executives Dr. Louis F. Centofanti and Ben Naccarato. Investors can access the call via telephone at 888-506-0062 for U.S. callers or +1 973-528-0011 internationally, using access code: 692717. The event will also be streamed online and archived on the company's website. Perma-Fix specializes in nuclear waste management and operates four treatment facilities, serving federal and commercial sectors nationwide.
Perma-Fix Environmental Services (NASDAQ: PESI) announced the U.S. Department of Energy's (DOE) amendment to the Record of Decision (ROD) for the Hanford Site's waste management. The amendment allows for interim transportation and treatment of secondary wastes at commercial facilities until onsite treatment capabilities are available, expected in about 10 years. This presents a significant growth opportunity for Perma-Fix in managing the complex waste streams at Hanford. The company aims to leverage its facilities in Richland, WA, and Kingston, TN, to support this initiative.
Perma-Fix Environmental Services (NASDAQ: PESI) reported a 17% revenue increase to $18.5 million in Q3 2022, alongside a robust 38% rise in gross profit to $3.1 million compared to Q3 2021. The Treatment Segment saw a 46% rise in waste receipts, totaling $9.1 million. Despite operational challenges due to Hurricane Ian, the company is optimistic about increased federal procurements and new contracts in the pipeline. However, net income fell to approximately $664,000, down from $1.4 million in Q3 2021, influenced by reductions in tax benefits under the ERC program.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) will host a conference call on November 3, 2022, at 11:00 AM Eastern Time. The call will be led by CEO Mark J. Duff and other executives. Participants can join via telephone or access a live webcast on the company's website. A replay will be available after the call through November 10, 2022. Perma-Fix is a leading provider of nuclear waste management services, catering to hospitals, federal agencies, and the commercial nuclear sector, operating four treatment facilities nationwide.
Perma-Fix Environmental Services reported a 20.5% revenue increase to $19.5 million and a 198.6% rise in gross profit for Q2 2022, compared to Q2 2021. This growth stemmed from resumed operations after COVID-19 delays and a 54% increase in waste receipts in the Treatment Segment. The Services Segment also saw revenue growth due to project resumption. However, the company faced a net loss of $1.4 million or ($0.11) per share, compared to net income of $3.0 million in the previous year. Adjusted EBITDA was ($403,000), an improvement from last year's ($1.7 million).
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced a conference call scheduled for August 5, 2022, at 11:00 AM ET. The call will feature Mark J. Duff, the CEO, along with other executives. Investors can join via a toll-free number or through a webcast. An archived version will be available after the call and can be accessed until August 12, 2022. Perma-Fix specializes in nuclear waste management services, providing solutions for various sectors including federal agencies and commercial industries.
Perma-Fix Environmental Services was awarded a Framework Contract by Nuclear Waste Services in the UK, enabling them to compete for task orders worth up to £41 million over four years for radioactive waste treatment. The contract encompasses various services across the waste lifecycle, enhancing Perma-Fix's market presence in Europe. CEO Mark Duff highlighted the significance of this award and its reflection on the company's capabilities, built on over 30 years of experience in the US nuclear waste management sector.
On May 5, 2022, Perma-Fix Environmental Services (NASDAQ: PESI) reported a first-quarter revenue of $15.9 million, down from $23.1 million year-over-year. The decline was chiefly due to a $7.2 million drop in the Services Segment. Gross profit fell to $1.6 million versus $2.4 million in Q1 2021, leading to an operating loss of $1.9 million. Despite challenges from the pandemic impacting project timelines, the company anticipates recovery and increased demand in the second quarter of 2022. Management remains optimistic about growth opportunities in the Treatment Segment and upcoming federal task orders.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) is set to host a conference call on May 5, 2022, at 11:00 AM ET. The call will feature key executives, including CEO Mark J. Duff and CFO Ben Naccarato. Investors can access the call via telephone or through a webcast available on the company’s website. A replay will be available one hour post-call until May 12, 2022. Perma-Fix specializes in nuclear waste management, offering services to federal agencies and commercial industries across the U.S.
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