Perma-Fix Environmental Services, Inc., through its subsidiaries, operates as an environmental and technology know-how company in the United States. It operates in three segments: Treatment, Services, and Medical. The Treatment segment offers nuclear, low-level radioactive, mixed waste, hazardous and non-hazardous waste treatment, and processing and disposal services through treatment and storage facilities. This segment is also involved in the research and development activities to identify, develop, and implement waste processing techniques for problematic waste streams. The Services segment provides technical services, including professional radiological measurement and site survey of government and commercial installations; integrated occupational safety and health services; and consulting, engineering, project and waste management, environmental, decontamination and decommissioning (D&D) field, technical, on-site waste management services, and management personnel and services. This segment also offers nuclear services, including technology-based services comprising engineering, D&D, specialty, construction, logistics, transportation, processing, and disposal; offers remediation of nuclear licensed and federal facilities, as well as cleanup of nuclear legacy sites; and owns an equipment calibration and maintenance laboratory that services, maintains, calibrates, and sources health physics, industrial hygiene, and customized nuclear, environmental, and occupational safety and health instrumentation, as well as laboratory for analysis of oil and gas industry solids and liquids. The Medical segment is involved in the research and development of medical isotope production technology. The company provides its services to research institutions, commercial companies, public utilities, and governmental agencies through direct sales to customers or through intermediaries. Perma-Fix Environmental Services, Inc. was incorporated in 1990 and is based in Atlanta, Georgia.
IPO Year:
Exchange: NASDAQ
Website: perma-fix.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2024 | $18.00 | Buy | Craig Hallum |
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 e
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 intends to use the net proceeds from the offering to fund (i) continued R&D and business development relating to the Company's patent-pending Perma-FAS process for the destruction of PFAS
ATLANTA, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced financial results for the third quarter ended September 30, 2024, and provided a business update. Mark Duff, President and CEO of the Company, commented, "During the third quarter, we continued to experience temporary weakness, partly due to ongoing delays in service starts and waste shipments. Additionally, our Florida facility was impacted by Hurricane Helene, resulting in extended power outages and required repairs, which have since been completed. In light of the headwinds we faced in 2024, we reduced expenses and streamlined operations outside of R&D, whic
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. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51652 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 271776. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Execu
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." The Perma-FAS system has successfully processed commercial PFAS-containing waste materials, beginning on October 28, with initial rapid turn a
GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment and other categories. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensi
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: [email protected]. The Gabelli Funds' 2nd Annual PFAS Symposium will f
GREENWICH, Conn., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, a leader in value-oriented and research-driven investment management, is excited to announce its second annual PFAS Symposium, scheduled for Thursday, September 26, 2024, at The Harvard Club in New York City. This event will bring together leading experts, policymakers, and industry executives to explore the critical issues surrounding PFAS (Per- and Polyfluoroalkyl Substances), their uses, replacements, and remediation efforts in water treatment. The symposium will feature company presentations, fireside chats, panel discussions, and one-on-one meetings. It aims to facilitate a comprehensive dialogue on the enviro
ATLANTA, Aug. 08, 2024 (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, 2024. Mark Duff, President and CEO of the Company, commented, "Our second quarter performance remained weak due to ongoing government delays in waste shipments, awarding new task orders and procuring other projects. We also experienced an extended equipment failure at one of our facilities that adversely impacted our revenue and overall performance. Nevertheless, we believe that these are temporary issues. We are encouraged by the trends heading into Q3, driven by our increas
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. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51027 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 108386. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive
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ATLANTA, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced financial results for the third quarter ended September 30, 2024, and provided a business update. Mark Duff, President and CEO of the Company, commented, "During the third quarter, we continued to experience temporary weakness, partly due to ongoing delays in service starts and waste shipments. Additionally, our Florida facility was impacted by Hurricane Helene, resulting in extended power outages and required repairs, which have since been completed. In light of the headwinds we faced in 2024, we reduced expenses and streamlined operations outside of R&D, whic
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. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51652 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 271776. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Execu
ATLANTA, Aug. 08, 2024 (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, 2024. Mark Duff, President and CEO of the Company, commented, "Our second quarter performance remained weak due to ongoing government delays in waste shipments, awarding new task orders and procuring other projects. We also experienced an extended equipment failure at one of our facilities that adversely impacted our revenue and overall performance. Nevertheless, we believe that these are temporary issues. We are encouraged by the trends heading into Q3, driven by our increas
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. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/51027 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 108386. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive
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. Spanning over 29,000 square feet of licensed storage and processing area for radioactive
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. Mark Duff, President and CEO of the Company, commented, "As previously disclosed, our financial performance in the first quarter of 2024 was impacted by a few temporary headwinds. However, we have seen steady improvement heading into the second quarter and anticipate a strong second half of 2024. The weakness we experienced was due in part to delayed project starts and waste shipments, as well as challenging weather conditions during the first quarter of 2024. Howe
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. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/50534 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 429091. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive Vic
ATLANTA, March 13, 2024 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced financial results and provided a business update for the fourth quarter and full year ended December 31, 2023. Mark Duff, President and CEO of the Company, commented, "I am pleased to report solid financial results for the fourth quarter and 2023. Specifically, we achieved a 35.6% and 27.1% increase in revenue, as well as a 112.7% and 70.4% increase in gross profit, for the fourth quarter and full year, respectively. Most notably, we have been preparing for several key initiatives that are progressing and we believe would be impactful to our business later in
ATLANTA, March 08, 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, March 13, 2024. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2243/50109 or in the investor section of the Company's website at https://ir.perma-fix.com/conference-calls. The conference call will be available via telephone by dialing toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 514355. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executi
ATLANTA, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced financial results for the third quarter ended September 30, 2023, and provided a business update. Mark Duff, President and CEO of the Company, commented, "I am pleased to report another solid quarter, as we achieved an 18.4% increase in revenue to $21.9 million, a 48.2% increase in gross profit, net income of $341,000 and $1.2 million of EBITDA (as defined below) for the third quarter of 2023. Within our Treatment Segment, we have experienced a steady improvement in waste receipts, supporting our visibility and backlog for th
Craig Hallum initiated coverage of Perma-Fix Enviro with a rating of Buy and set a new price target of $18.00
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Allonnia brings on advisors for Finance, Human Resources and Marketing as they continue growth and commercialization Allonnia, the bio-ingenuity company dedicated to extracting value where others see waste, today announces the appointment of Lieutenant General (Ret.) Thomas P. Bostick to its Board of Directors. The company is also excited to share the addition of key advisory positions, Jessica Kates (Rellevant Partners), Pamela Watkins (DuPont), and Rob Le Bras-Brown (HP Inc.). Speaking to the board addition Nicole Richards, CEO, Allonnia said "We are extremely fortunate to have the opportunity to work with Tom. He is an inspirational leader with a broad skill set in both the private bio
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 Served as Biden Campaign Appointee to the Biden-Sanders Climate Change Unity Task Force ATLANTA, May 06, 2021 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) (the "Company") today announced the appointment of Kerry C. Duggan to the Company's Board of Directors. Ms. Duggan is one of the nation's premier environmental policy experts, having held senior roles in government, as well as the private, academic and non-profit sectors. Ms. Duggan is the founder of SustainabiliD, a sustainability and strategy consulting firm. In F