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Perma-Fix Environmental Services, Inc. (PESI) is a prominent provider of nuclear services and waste management solutions, catering to both commercial and government sectors. The company operates through two core segments: the Treatment segment and the Services segment.
The Treatment segment specializes in the management and disposal of various waste types, including nuclear, low-level radioactive, mixed, hazardous, and non-hazardous waste. This segment ensures that waste is processed and treated in a manner that adheres to stringent environmental standards, reducing potential risks and enhancing safety.
The Services segment, which generates the majority of Perma-Fix’s revenue, offers a comprehensive suite of on-site waste management services. These services include technology-based solutions, construction, logistics, and transportation services. The segment serves a diverse client base, including commercial enterprises and government institutions, providing tailored services to meet specific needs.
Perma-Fix’s integrated nationwide network of treatment, storage, and disposal facilities, along with its transportation services, engineering consultants, site remediation teams, and government service centers, positions the company as a leader in the waste management industry. Recent achievements include a significant 113% increase in gross profit over the same period last year and the introduction of a new PFAS destruction technology, offering a sustainable alternative to traditional waste disposal methods.
The company’s leadership team, comprising Mark J. Duff (CEO), Dr. Louis F. Centofanti (Executive Vice President of Strategic Initiatives), and Ben Naccarato (Executive Vice President and CFO), is committed to driving growth and innovation. Their strategic initiatives and effective management have contributed to enhancing the company’s market position and financial stability.
Perma-Fix operates four nuclear waste treatment facilities and provides nuclear services at various Department of Energy (DOE), Department of Defense (DOD), and commercial sites nationwide. The company's nuclear services group is involved in project management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, ensuring comprehensive and safe handling of nuclear materials.
For the latest updates and detailed information on Perma-Fix Environmental Services, including upcoming events and developments, visit the investor section of their website or access the webcast of their conference calls through this link.
Perma-Fix Environmental Services (NASDAQ: PESI) reported first-quarter 2021 financial results with revenues of $23.1 million, down from $24.9 million in Q1 2020. The decrease was primarily due to a decline in the Treatment Segment, which saw revenues drop to $7.5 million from $9.6 million, attributed to COVID-19-related delays. However, the Services Segment recorded slight growth, reaching $15.6 million. The gross profit fell to $2.4 million from $4.6 million, resulting in an operating loss of $999,000. The net loss attributed to common stockholders was $1.1 million, or ($0.09) per share.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced a conference call scheduled for May 6, 2021, at 11:00 a.m. Eastern Time. The call will feature leadership including CEO Mark J. Duff and CFO Ben Naccarato. Shareholders can access the call via webcast or telephone. Additionally, an archived recording will be available on the company's website following the event. Perma-Fix is a prominent nuclear services provider, specializing in waste management for federal agencies and the commercial nuclear industry.
Perma-Fix Environmental Services (NASDAQ: PESI) reported a 43.5% revenue increase in 2020, totaling $105.4 million, driven by a 127.5% rise in Services Segment revenue. Treatment Segment revenue dropped to $30.1 million due to COVID-19 impacts. While net income rose to $2.9 million ($0.24 per share), fourth-quarter results showed a slight net loss of $10,000. The Company faces ongoing pandemic-related delays but remains optimistic about growth opportunities in 2021. Management emphasizes initiatives to enhance revenue and market share in the Treatment Segment.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) announced a conference call scheduled for March 29, 2021, at 1:00 p.m. Eastern Time. This call will involve key executives including CEO Mark J. Duff and CFO Ben Naccarato. Investors can join via phone or webcast, and a replay will be available for a week after the event. Perma-Fix specializes in nuclear waste management, providing services to various federal agencies and the commercial sector, with operations across four treatment facilities nationwide.
Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) will present at the Winter Wonderland Conference from February 16-19, 2021. The presentation, led by CEO Mark J. Duff and CFO Ben Naccarato, is scheduled for February 16 at 11:30 AM ET. It will be available for live streaming and replay online. This virtual conference, hosted by The MicroCap Rodeo, showcases 25 top investment ideas from leading institutional investors.
Perma-Fix specializes in nuclear waste management and provides comprehensive nuclear services nationwide.
Perma-Fix Environmental Services (NASDAQ:PESI) reported a 33.9% increase in revenue for Q3 2020, totaling $30.2 million, compared to $22.5 million a year earlier. The Services Segment revenue surged 85.5% to $23.1 million, while the Treatment Segment revenue fell to $7.1 million from $10.1 million. The company posted a net income of $1.4 million ($0.12 per share), down from $1.8 million ($0.15 per share) in Q3 2019. Gross profit declined to $4.8 million from $5.2 million. Adjusted EBITDA decreased to $2.0 million from $2.4 million.
Perma-Fix Environmental Services (NASDAQ:PESI) has announced a conference call scheduled for November 5, 2020, at 11:00 a.m. ET. The call will be accessible via the Company's website and through specific phone lines for U.S. and international callers. Key executives, including Mark J. Duff, Dr. Louis F. Centofanti, and Ben Naccarato, will lead the discussion. An archived version of the webcast will be available, and a telephone replay will also be offered post-call until November 12, 2020.
Perma-Fix Environmental Services (NASDAQ:PESI) has appointed Lieutenant General (Ret.) Thomas P. Bostick to its Board of Directors. General Bostick, the former U.S. Army Chief of Engineers, brings extensive experience overseeing major infrastructure and environmental projects globally. His leadership is expected to enhance the company's strategic growth, particularly in the U.S. Department of Defense and commercial sectors. CEO Mark Duff emphasized Bostick's ability to impact operations and business development positively. Bostick expressed enthusiasm for addressing environmental remediation needs critical for community safety.
Perma-Fix Environmental Services Inc. (NASDAQ:PESI) has appointed Lieutenant General (Ret.) Thomas P. Bostick to its Board of Directors. General Bostick, a former U.S. Army Chief of Engineers, brings extensive experience overseeing major infrastructure and environmental projects. His role aims to enhance Perma-Fix's growth strategy, especially in expanding into the U.S. Department of Defense and commercial sectors. CEO Mark Duff highlighted Bostick's operational expertise as a key asset for the company's future endeavors in environmental remediation.
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