Latest news with #MarkDuff
Yahoo
23-05-2025
- Business
- Yahoo
Q1 Earnings Roundup: Perma-Fix (NASDAQ:PESI) And The Rest Of The Waste Management Segment
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Perma-Fix (NASDAQ:PESI) and its peers. Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1%. Thankfully, share prices of the companies have been resilient as they are up 8.2% on average since the latest earnings results. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $13.92 million, up 2.2% year on year. This print fell short of analysts' expectations by 9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. Perma-Fix delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 21.1% since reporting and currently trades at $10.72. Read our full report on Perma-Fix here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $177.8 million, up 14.5% year on year, outperforming analysts' expectations by 6%. The business had a stunning quarter with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' EPS estimates. Montrose pulled off the biggest analyst estimates beat and highest full-year guidance raise among its peers. The market seems happy with the results as the stock is up 31.6% since reporting. It currently trades at $19.72. Is now the time to buy Montrose? Access our full analysis of the earnings results here, it's free. Recycling corporate waste to help companies be more sustainable, Quest Resource (NASDAQ:QRHC) is a provider of waste and recycling services. Quest Resource reported revenues of $68.43 million, down 5.8% year on year, falling short of analysts' expectations by 5%. It was a slower quarter as it posted a significant miss of analysts' EPS estimates. As expected, the stock is down 2% since the results and currently trades at $2.48. Read our full analysis of Quest Resource's results here. Headquartered in Houston, Waste Management (NYSE:WM) is a provider of comprehensive waste management services in North America. Waste Management reported revenues of $6.02 billion, up 16.7% year on year. This print missed analysts' expectations by 1.4%. All in all, it was a mixed quarter for the company. The stock is up 2% since reporting and currently trades at $233.32. Read our full, actionable report on Waste Management here, it's free. Established in 1980, Clean Harbors (NYSE:CLH) provides environmental and industrial services like hazardous and non-hazardous waste disposal and emergency spill cleanups. Clean Harbors reported revenues of $1.43 billion, up 4% year on year. This number met analysts' expectations. Taking a step back, it was a satisfactory quarter as it also logged an impressive beat of analysts' organic revenue estimates but a miss of analysts' adjusted operating income estimates. The stock is up 6.5% since reporting and currently trades at $227.72. Read our full, actionable report on Clean Harbors here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.
Yahoo
08-05-2025
- Business
- Yahoo
Perma-Fix (NASDAQ:PESI) Reports Sales Below Analyst Estimates In Q1 Earnings
Environmental waste treatment and services provider Perma-Fix (NASDAQ:PESI) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 2.2% year on year to $13.92 million. Its GAAP loss of $0.19 per share was 35.7% below analysts' consensus estimates. Is now the time to buy Perma-Fix? Find out in our full research report. Revenue: $13.92 million vs analyst estimates of $15.3 million (2.2% year-on-year growth, 9% miss) EPS (GAAP): -$0.19 vs analyst expectations of -$0.14 (35.7% miss) Adjusted EBITDA: -$3.27 million vs analyst estimates of -$2 million (-23.5% margin, 63.4% miss) Operating Margin: -26.8%, up from -32.8% in the same quarter last year Market Capitalization: $162.6 million "Our first quarter results reflect the impact of several transitional headwinds," said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Reviewing a company's long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Perma-Fix struggled to consistently generate demand over the last five years as its sales dropped at a 7.3% annual rate. This was below our standards and suggests it's a low quality business. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Perma-Fix's recent performance shows its demand remained suppressed as its revenue has declined by 10.9% annually over the last two years. This quarter, Perma-Fix's revenue grew by 2.2% year on year to $13.92 million, falling short of Wall Street's estimates. Looking ahead, sell-side analysts expect revenue to grow 62.1% over the next 12 months, an improvement versus the last two years. This projection is eye-popping and implies its newer products and services will spur better top-line performance. Software is eating the world and there is virtually no industry left that has been untouched by it. That drives increasing demand for tools helping software developers do their jobs, whether it be monitoring critical cloud infrastructure, integrating audio and video functionality, or ensuring smooth content streaming. Click here to access a free report on our 3 favorite stocks to play this generational megatrend. Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Perma-Fix's high expenses have contributed to an average operating margin of negative 7.5% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. It's hard to trust that the business can endure a full cycle. Looking at the trend in its profitability, Perma-Fix's operating margin decreased by 26 percentage points over the last five years. Perma-Fix's performance was poor no matter how you look at it - it shows that costs were rising and it couldn't pass them onto its customers. Perma-Fix's operating margin was negative 26.8% this quarter. The company's consistent lack of profits raise a flag. We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Sadly for Perma-Fix, its EPS declined by 41.3% annually over the last five years, more than its revenue. This tells us the company struggled because its fixed cost base made it difficult to adjust to shrinking demand. Diving into the nuances of Perma-Fix's earnings can give us a better understanding of its performance. As we mentioned earlier, Perma-Fix's operating margin improved this quarter but declined by 26 percentage points over the last five years. Its share count also grew by 49.2%, meaning the company not only became less efficient with its operating expenses but also diluted its shareholders. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. For Perma-Fix, its two-year annual EPS declines of 59.2% show it's continued to underperform. These results were bad no matter how you slice the data. In Q1, Perma-Fix reported EPS at negative $0.19, up from negative $0.26 in the same quarter last year. Despite growing year on year, this print missed analysts' estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast Perma-Fix's full-year EPS of negative $1.25 will reach break even. We struggled to find many positives in these results. Its revenue missed significantly and its EBITDA fell short of Wall Street's estimates. Overall, this was a softer quarter. The stock traded down 3.6% to $8.53 immediately following the results. Perma-Fix's earnings report left more to be desired. Let's look forward to see if this quarter has created an opportunity to buy the stock. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here, it's free.
Associated Press
08-05-2025
- Business
- Associated Press
Perma-Fix Reports Q1 2025 Results and Highlights Momentum in Hanford and PFAS Programs
Improved gross margins and rising backlog driven by increased waste receipts Strategic investments expected to position the Company for stronger performance in the second half of 2025 ATLANTA, May 08, 2025 (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, 2025. 'Our first quarter results reflect the impact of several transitional headwinds,' said Mark Duff, President and Chief Executive Officer of Perma-Fix Environmental Services. 'Delays in procurement and waste shipments tied to the change in federal administration limited revenue growth during the quarter; however, we still delivered a modest increase compared to the prior-year period, underscoring the resilience of our core operations. Importantly, we began to see improvement in waste receipts late in the quarter, contributing to a strengthened backlog of over $10 million—an increase of approximately 30% from year-end 2024.' 'At the same time, we incurred higher operating expenses related to facility readiness for new waste streams and the continued scale-up of our PFAS (Per -and polyfluoroalkyl) initiatives. These strategic investments impacted profitability in the near term, yet we delivered significant year-over-year improvement in gross margins across both the Treatment and Services segments—driven by higher waste volume, improved project execution, and ongoing cost optimization efforts,' Duff added. 'Our PFAS program continues to build momentum on multiple fronts. We've received our first commercial shipments from the Federal Government, with additional approvals pending, and recently completed key upgrades to our Perma-FAS system, including a chemical recycling enhancement that has reduced operating costs and increased margins per gallon processed. Our Gen 2.0 system remains on track for Q4 deployment, and we believe our destruction technology offers an efficient solution for the market. With new regulations emerging in multiple states and growing national legislative momentum, we expect PFAS to be a contributor to our long-term growth.' 'We remain optimistic regarding the progress in the hot commissioning program for the U.S. Department of Energy's Direct Feed Low-Activity Waste (DFLAW) facility to maintain current schedules for an August 1 commencement, and we are prepared to support multiple waste streams as it ramps to full-scale operations. This initiative, part of the broader Hanford tank remediation mission, represents what we expect to be a key, long-term revenue catalyst for Perma-Fix. In parallel, we continue to see growth in international demand.' 'With growing backlog, improved operational discipline, and increasing project visibility across federal, commercial, and international markets, we believe Perma-Fix is well positioned to deliver stronger financial performance in the second half of 2025.' Financial Results Revenue was $13.9 million for the first quarter of 2025, as compared to $13.6 million for the corresponding period of 2024. The increase was entirely within the Treatment Segment where revenue increased by $477,000 to approximately $9.2 million for the first quarter of 2025, from $8.7 million for the same period of 2024. The increase in revenue was primarily due to overall higher waste volume partially offset by overall lower averaged price from waste mix. Services Segment revenue decreased by approximately $175,000 to $4.7 million in the first quarter of 2025, from $4.9 million for the first quarter of 2024. The decrease in revenue in the Services Segment was primarily due to lack of projects, due in part to delay in procurements from temporary suspension mandates as directed by the new Administration transition team. Gross profit for the first quarter of 2025, was $657,000 versus gross loss of $620,000 for the first quarter of 2024. The increases in Treatment Segment gross profit of $302,000 and gross margin to 2.7% from (0.6)% were attributed to higher revenue from overall higher waste volume, partially offset by overall lower averaged price from waste mix and increase in fixed costs. The increase in fixed costs was attributed partly to implementation of operational readiness to support receipts of a certain specific waste steam that are expected to continue for at least the remainder of 2025. The processing of this waste stream required hiring of additional staff, associated training and start-up costs. Services Segment gross profit increased by approximately $975,000 and gross margin increased to 8.6% from (11.6)%. The increases were attributed to cost initiatives that we implemented to align expenses with our revenue backlog. Additionally, our overall Services Segment gross margin is impacted by our current projects which are competitively bid on and will therefore, have varying margin structures. Operating loss for the first quarter of 2025, was $3.7 million versus operating loss of $4.5 million for the corresponding period of 2024. Net loss for each of the first quarters of 2025 and 2024 was approximately $3.6 million. Net loss for the first quarter of 2024, included a tax benefit of approximately $956,000. Net loss per share (both basic and diluted) for the first quarter of 2025, was $0.19 per share versus net loss per share (both basic and diluted) of $0.26 for the same period in 2024. The Company reported EBITDA of ($3.3) million from continuing operations for the first quarter of 2025, as compared to EBITDA of ($4.0) million from continuing operations for the first quarter of 2024. The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is not a measure of performance calculated in accordance with Generally Accepted Accounting Principles in the United States of America ('GAAP'), and should not be considered in isolation of, or as a substitute for, earnings as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. The Company believes the presentation of EBITDA is relevant and useful by enhancing the readers' ability to understand the Company's operating performance. The Company's management utilizes EBITDA as a mean to measure performance. The Company's measurement of EBITDA may not be comparable to similar titled measures reported by other companies. The table below reconciles EBITDA, a non-GAAP measure, to GAAP numbers for loss from continuing operations for the three months ended March 31, 2025, and 2024. The tables below present certain unaudited financial information for the business segments, which excludes allocation of corporate expenses. Conference Call Perma-Fix will host a conference call at 10:00 a.m. EDT on Thursday, May 8, 2025. 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: 146674. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive Vice President of Strategic Initiatives, and Ben Naccarato, Executive Vice President and Chief Financial Officer of Perma-Fix Environmental Services, Inc. A webcast of the call may be accessed at or in the investor section of the Company's website at A webcast will also be archived on the Company's website and a telephone replay of the call will be available approximately one hour following the call, through Thursday, May 15, 2025, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code: 52435. About Perma-Fix Environmental Services Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the U.S Department of Energy (DOE), the U.S Department of Defense (DOD), and the commercial nuclear industry. The Company's nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide. Please visit us at This press release contains 'forward-looking statements' which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements generally are identifiable by use of the words such as 'believe', 'expects', 'intends', 'anticipate', 'plan to', 'estimates', 'projects', and similar expressions. Forward-looking statements include, but are not limited to: stronger performance in the second half of 2025; Gen 2.0 system deployment in Q4; believe our destruction technology offers an efficient solution; expect our PFAS to be a contributor to long-term growth; hot commissioning program of DFLAW facility for August 1 commencement of waste receipt; support multiple waste streams from full-scale operations; DFLAW represents long-term revenue catalyst for Perma-Fix; international demand; and operational readiness to support a waste stream expected to continue for the remainder of 2025. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; Congress fails to provides funding for the DOD's and DOE's remediation projects; inability to obtain new foreign and domestic remediation contracts; and the additional factors referred to under 'Risk Factors' and 'Special Note Regarding Forward-Looking Statements' of our 2024 Form 10-K and Form 10-Q for quarter ended March 31, 2025. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements. Contacts: David K. Waldman-US Investor Relations Crescendo Communications, LLC (212) 671-1021 Herbert Strauss-European Investor Relations [email protected] +43 316 296 316 FINANCIAL TABLES FOLLOW
Yahoo
29-03-2025
- Business
- Yahoo
Reflecting On Waste Management Stocks' Q4 Earnings: Perma-Fix (NASDAQ:PESI)
Let's dig into the relative performance of Perma-Fix (NASDAQ:PESI) and its peers as we unravel the now-completed Q4 waste management earnings season. Waste management companies can possess licenses permitting them to handle hazardous materials. Furthermore, many services are performed through contracts and statutorily mandated, non-discretionary, or recurring, leading to more predictable revenue streams. However, regulation can be a headwind, rendering existing services obsolete or forcing companies to invest precious capital to comply with new, more environmentally-friendly rules. Lastly, waste management companies are at the whim of economic cycles. Interest rates, for example, can greatly impact industrial production or commercial projects that create waste and byproducts. The 9 waste management stocks we track reported a slower Q4. As a group, revenues missed analysts' consensus estimates by 1.2%. While some waste management stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 4.9% since the latest earnings results. Tackling hazardous waste challenges since 1990, Perma-Fix (NASDAQ:PESI) provides environmental waste treatment services. Perma-Fix reported revenues of $14.7 million, down 35.3% year on year. This print fell short of analysts' expectations by 6.9%. Overall, it was a disappointing quarter for the company with a significant miss of analysts' EBITDA and EPS estimates. Mark Duff, President and CEO of the Company, commented, 'While our financial performance in the fourth quarter of 2024 was impacted by ongoing yet temporary delays in project starts and waste receipts, we remain confident in the overall outlook and significant opportunities that lie ahead. In the first quarter of 2025, we see improving waste volume receipts and backlog, positioning us to resume revenue growth. Importantly, our waste treatment operations have ramped up in February, with expanded shifts at our Perma-Fix Northwest (PFNW) and Diversified Scientific Services (DSSI) facilities to meet increasing demand, and we are actively preparing for the U.S. Department of Energy's (DOE) Direct-Feed Low-Activity Waste (DFLAW) program at Hanford, which remains on schedule to begin operations this summer under legally binding milestones.' Perma-Fix delivered the weakest performance against analyst estimates and slowest revenue growth of the whole group. The stock is down 1.7% since reporting and currently trades at $7.12. Read our full report on Perma-Fix here, it's free. Starting with the founder picking up garbage with a pickup truck he purchased using savings from high school, Casella (NASDAQ:CWST) offers waste management services for businesses, residents, and the government. Casella Waste Systems reported revenues of $427.5 million, up 18.9% year on year, outperforming analysts' expectations by 2.3%. The business had an exceptional quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Casella Waste Systems scored the biggest analyst estimates beat, fastest revenue growth, and highest full-year guidance raise among its peers. The market seems content with the results as the stock is up 4.3% since reporting. It currently trades at $111.34. Is now the time to buy Casella Waste Systems? Access our full analysis of the earnings results here, it's free. Recycling corporate waste to help companies be more sustainable, Quest Resource (NASDAQ:QRHC) is a provider of waste and recycling services. Quest Resource reported revenues of $69.97 million, flat year on year, falling short of analysts' expectations by 5%. It was a disappointing quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. As expected, the stock is down 27.6% since the results and currently trades at $2.80. Read our full analysis of Quest Resource's results here. Cooling America's first indoor ice rink in the 19th century, Enviri (NYSE:NVRI) offers steel and waste handling services. Enviri reported revenues of $558.7 million, up 5.7% year on year. This print missed analysts' expectations by 3.5%. It was a softer quarter as it also logged full-year EBITDA guidance missing analysts' expectations. The stock is down 12% since reporting and currently trades at $7.69. Read our full, actionable report on Enviri here, it's free. Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Montrose reported revenues of $189.1 million, up 14.1% year on year. This number beat analysts' expectations by 0.6%. Taking a step back, it was a mixed quarter as it also produced a solid beat of analysts' EPS estimates but a significant miss of analysts' organic revenue estimates. Montrose had the weakest full-year guidance update among its peers. The stock is down 12.3% since reporting and currently trades at $15.30. Read our full, actionable report on Montrose here, it's free. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
Perma-Fix Expands PFAS Treatment Operations to Meet Growing Demand
ATLANTA, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the 'Company' or 'Perma-Fix') today provided an update on the progress and advancements in its proprietary PFAS (per- and polyfluoroalkyl substances) treatment technology, Perma-FAS. In Q4 2024, Perma-Fix initiated commercial full-scale treatment with its 1,000 gallon PFAS Destruction Reactor located at the Perma-Fix of Florida site. After several months of continuous operation, treating commercial PFAS-contaminated waste, the system has delivered exceptional results, confirming its effectiveness in PFAS destruction. Perma-Fix's technology is successfully processing and eliminating various types of carbon-fluorine chains at operationally efficient temperatures. Extensive testing, including laboratory and pilot studies, has been validated in full-scale operations, demonstrating high levels of PFAS destruction. The system has also supported multiple demonstrations, leading to refinements that improve operability and cost-effectiveness. As demand for effective PFAS destruction treatment grows, Perma-Fix is actively working with waste generators and disposal firms, particularly those managing Aqueous Film-Forming Foam ('AFFF') and foam fractionator's waste. In addition to the Company's own customers, Perma-Fix is engaged in advanced discussions with several firms to establish strategic partnerships that are expected to generate a steady flow of large volumes of concentrated PFAS waste. The increasing regulatory focus on PFAS contamination is driving market demand for PFAS destruction treatment solutions that limit future environmental liability. Perma-Fix is well-positioned to serve a diverse customer base, such as landfill owners, industrial facilities, and the oil and gas sector, including customers with concentrated PFAS waste from foam fractionation systems. The system's ability to process high concentrations of PFAS waste efficiently provides significant cost savings and operational benefits versus current alternatives such as incineration and super critical water oxidation. In parallel with the launch of our high concentration liquids treatment system, the Company is accelerating its research focus to apply its technology to provide effective treatment solutions for granular activated carbon ('GAC') and contaminated soils, meeting the growing need for remediation services. Simultaneously, Perma-Fix is advancing the development of its second-generation treatment unit. This unit is projected to be three times the capacity of the current system, significantly increasing throughput and revenue potential while improving operational efficiency. The Company expects the new treatment unit to be operational later this year. Mark Duff, CEO of Perma-Fix: "Our technology has now proven its ability to destroy PFAS contaminants at an impressive scale. We've treated thousands of gallons of commercial waste, demonstrating not only the effectiveness of our approach but also its economic viability. This reinforces our confidence that Perma-Fix is at the forefront of PFAS treatment solutions. As we continue expanding operations, our ability to scale efficiently while maintaining cost-effectiveness remains critical. With ongoing refinements, we are committed to ensuring our technology remains the top choice for industries facing PFAS contamination challenges." Lou Centofanti, Founder and Executive Vice President of Perma-Fix: "We are witnessing growing demand from waste generators and disposal firms looking for an effective, scalable, and cost-efficient PFAS destruction treatment. Our technology stands apart due to its efficiency and level of PFAS destruction, exceeding the performance of traditional methods. We have already demonstrated industry-leading destruction efficacy, and as we continue refining our system, including our ability to recycle treatment reagents, we remain focused on delivering even greater operational efficiency. The need for sustainable and economically viable PFAS solutions is rising, and Perma-Fix is well-positioned to meet this challenge with our technologies." About Perma-Fix Environmental ServicesPerma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of environmental remediation and mixed waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the U.S. Department of Energy ('DOE'), the Department of Defense ('DOD'), and the commercial nuclear industry. The Company's nuclear services group provides project management, waste management, environmental remediation, decontamination and decommissioning, demolition, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities nationwide. Please visit us at This press release contains 'forward-looking statements' which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements generally are identifiable by use of the words such as 'believe', 'expects', 'intends', 'anticipate', 'plans to', 'estimates', 'projects', and similar expressions. Forward-looking statements include, but are not limited to: establish strategic partnerships that are expected to generate a steady flow of PFAS waste; well-positioned to serve a diverse customer base; new treatment unit to be operational later this year; and well-positioned to meet sustainable and economically viable PFAS solution with our technology. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; Congress fails to provides funding for the DOD's and DOE's remediation projects; inability to obtain new foreign and domestic remediation contracts; acceptance of our technology; and the additional factors referred to under 'Risk Factors' and "Special Note Regarding Forward-Looking Statements" of our 2023 Form 10-K and Form 10-Qs for quarters ended March 31, 2024, June 30, 2024 and September 30, 2024. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements. Contacts:David K. Waldman-US Investor RelationsCrescendo Communications, LLC (212) 671-1021 Herbert Strauss- European Investor Relationsherbert@ 316 296 316Sign in to access your portfolio
