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 (NASDAQ: PESI) has scheduled its First Quarter 2025 business update conference call for Thursday, May 8, 2025, at 10:00 AM Eastern Time. The call will be led by CEO Mark J. Duff, EVP of Strategic Initiatives Dr. Louis F. Centofanti, and EVP/CFO Ben Naccarato.
Investors can access the call through a webcast at the company's website or by dialing toll-free 888-506-0062 (US) or +1 973-528-0011 (international) with access code 146674. A replay will be available until May 15, 2025, accessible by dialing 877-481-4010 (US) or +1 919-882-2331 (international) with access code 52435.
Perma-Fix Environmental Services (NASDAQ: PESI) has announced its participation in the upcoming Gabelli Funds' 11th Annual Waste & Environmental Services Symposium at the Harvard Club in New York City on April 3rd, 2025.
CEO Mark Duff and CFO Ben Naccarato will deliver a presentation at 1:15 PM ET and conduct one-on-one meetings with qualified investors throughout the conference. The symposium focuses on companies involved in waste management, water treatment, and environmental services, featuring presentations from industry leaders that highlight sector dynamics, technological innovations, and company fundamentals.
Perma-Fix Environmental Services (NASDAQ: PESI) reported financial results for Q4 and full year 2024, showing significant revenue declines and operational challenges. Q4 2024 revenue fell to $14.7 million from $22.7 million year-over-year, with a net loss of $3.5 million compared to net income of $81,000 in Q4 2023.
Full-year 2024 revenue decreased to $59.1 million from $89.7 million in 2023, resulting in a net loss of $20.0 million versus net income of $485,000 in 2023. The company reported negative EBITDA of ($13.8) million for 2024.
Despite current challenges, management expects growth resumption in 2025, particularly in H2, driven by:
- Increased waste treatment operations at PFNW and DSSI facilities
- DOE's DFLAW program launch in summer 2025
- Advancement in PFAS destruction technology
- New DOE West Valley Demonstration Project award
- Planned expansion into Italy with operations starting 2026
Perma-Fix Environmental Services (NASDAQ: PESI) has announced a conference call scheduled for Thursday, March 13, 2025, at 11:00 AM Eastern Time to provide a Fourth Quarter and Fiscal 2024 business update.
The call will be led by key executives including CEO Mark J. Duff, Executive VP of Strategic Initiatives Dr. Louis F. Centofanti, and EVP/CFO Ben Naccarato.
Investors can access the call through multiple channels: via webcast at the company's investor relations website, or by telephone using toll-free numbers (877-545-0523 for U.S. callers, +1 973-528-0016 for international) with access code 641119.
A replay will be available until March 20, 2025, accessible by phone (877-481-4010 for U.S., +1 919-882-2331 for international) using access code 52161.
Perma-Fix Environmental Services (NASDAQ: PESI) reported significant progress in its PFAS treatment operations. The company's 1,000-gallon PFAS Destruction Reactor at Perma-Fix of Florida has demonstrated exceptional results in commercial full-scale treatment during Q4 2024, successfully processing various carbon-fluorine chains at efficient temperatures.
The company is actively engaging with waste generators and disposal firms, particularly those managing Aqueous Film-Forming Foam (AFFF) and foam fractionator's waste. Perma-Fix is in advanced discussions for strategic partnerships to secure large volumes of concentrated PFAS waste.
Additionally, Perma-Fix is developing a second-generation treatment unit with triple the capacity of the current system, expected to be operational later in 2025. The company is also expanding its research to treat granular activated carbon (GAC) and contaminated soils, addressing growing remediation needs.
Perma-Fix Environmental Services (NASDAQ: PESI) has appointed Troy Eshleman as Chief Operating Officer, effective January 23, 2025. Eshleman, who previously served as Vice President of Operations at Perma-Fix, brings over 34 years of expertise in radioactive waste management, facility decommissioning, and hazardous materials logistics.
Prior to joining Perma-Fix, Eshleman was President of Oakleaf Environmental, a consulting firm specializing in mergers and acquisitions and business strategy. He also spent 27 years at EnergySolutions, holding senior executive positions and managing nuclear decommissioning projects, waste processing facilities, and global logistics operations. He holds a BS in Civil Engineering Technology from the University of Pittsburgh and has completed graduate studies in Chemical Engineering at the University of New Mexico.
Perma-Fix Environmental Services (PESI) has priced its public offering of 2,200,000 shares of common stock at $10.00 per share, expecting to raise approximately $22 million in gross proceeds. The company granted underwriters a 30-day option to purchase up to 330,000 additional shares. The offering is set to close around December 19, 2024.
The net proceeds will fund: R&D and business development for their patent-pending Perma-FAS process for PFAS destruction, including installation of a second-generation commercial treatment unit; facility maintenance costs; and general corporate purposes. Craig-Hallum is acting as sole managing underwriter, with Wellington Shields serving as financial advisor.
Perma-Fix Environmental Services (PESI) has announced the commencement of an underwritten public offering of common stock shares. The company plans to use the net proceeds to fund three main initiatives: R&D and business development for their patent-pending Perma-FAS process for PFAS destruction, including installation of at least one second-generation commercial treatment unit; ongoing facility capital expenditure and maintenance costs; and general corporate and working capital purposes. Craig-Hallum is serving as the sole managing underwriter. The offering is being made through a shelf registration statement on Form S-3 that was declared effective on December 12, 2024.
Perma-Fix Environmental Services reported Q3 2024 financial results with revenue of $16.8 million, down from $21.9 million in Q3 2023. The company experienced a net loss of $9.0 million, including a $6.4 million non-cash tax expense. Treatment Segment revenue decreased to $9.1 million from $10.8 million, while Services Segment revenue fell to $7.7 million from $11.1 million. The decline was attributed to Hurricane Helene impacts, waste shipment delays, and equipment issues. The company announced successful startup of its first commercial Perma-FAS system for PFAS destruction and secured approximately 6,000 gallons of AFFF liquids.
Perma-Fix Environmental Services (NASDAQ: PESI) has announced a conference call scheduled for Wednesday, November 13, 2024, at 11:00 AM Eastern Time to discuss their third quarter 2024 business update. The call will be led by CEO Mark J. Duff, EVP of Strategic Initiatives Dr. Louis F. Centofanti, and EVP/CFO Ben Naccarato. Participants can join via webcast or telephone, with U.S. callers dialing 888-506-0062 and international callers dialing +1 973-528-0011 (access code: 271776). A replay will be available until November 20, 2024.