leadf
logo-loader
viewPerma-Fix Environmental Services
(
NASDAQ:PESI
)

Perma-Fix Environmental Services is tackling the dirty job of handling radioactive waste

Snapshot

  • Perma-Fix wins about $50 million in contract awards during 3Q 2021
  • Perma-Fix entering 3Q with 'optimism and momentum' as it adds $15M in backlog contract wins
Perma-Fix Environmental Services -

Quick facts: Perma-Fix Environmental Services

Follow
NASDAQ:PESI

Price: 6.88 USD

Market Cap: $83.91 m

About the company

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 DOE, the 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 three nuclear waste treatment facilities and provides nuclear services at DOE, DOD, and commercial facilities, nationwide.

How it is doing

20 Sep 2021

Perma-Fix Environmental Services (NASDAQ:PESI) Inc has been awarded a total of about $50 million in contract awards during the third quarter of 2021.

In a statement, the nuclear services company and leading provider of nuclear and mixed waste management services said the contract awards will be recognized over the next 18 to 24 months.

“I am pleased to report we have been awarded 3 contracts totaling approximately $50 million just since the end of the second quarter of 2021, including a single project valued at nearly $40 million we received last week,” said CEO Mark Duff.

“These new contracts, supporting the U.S. government, significantly enhance our project backlog within the Services Segment, now estimated at $74 million heading into the fourth quarter, and further validate our technical and service capabilities, as well as illustrate the success of our efforts to enhance our bidding organization.”

03 Sep 2021

Perma-Fix Environmental Services (NASDAQ:PESI) Inc. has been awarded a service contract supporting the Lawrence Berkeley National Laboratory valued at $6.5 million over the next nine months.

In a statement, CEO Mark Duff said the latest project award, which came through the US Department of Energy (DOE), includes remediation, demolition, and waste management services. 

11 Aug 2021

Perma-Fix Environmental Services (NASDAQ:PESI) Inc CEO Mark Duff said that while revenues in the second quarter were impacted by the effects of the coronavirus (COVID-19) pandemic the company has begun to see "activity pick up in the third quarter” and it expects "an improved second half of 2021.”

In a statement accompanying the company's second-quarter numbers, Duff noted: “Despite the challenging environment, we reported net income of $3 million and maintained over $7 million of cash on the balance sheet.”

What management says

09 Jul 2021

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) CEO Mark Duff tells Proactive the group is entering 3Q with 'optimism and momentum' as it adds $15M in backlog contract wins.

Duff says most recently, it has been awarded a multi-million dollar service contract for the Tritium Systems Demolition and Disposal (TSDD) project, which is expected to be completed over the next 18 months.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

Perma-Fix entering 3Q with 'optimism and momentum' as it adds $15M in...

Perma-Fix Environmental Services Inc (NASDAQ:PESI) (FRA:PFX1) CEO Mark Duff tells Proactive the group is entering 3Q with 'optimism and momentum' as it adds $15M in backlog contract wins. Duff says most recently, it has been awarded a multi-million dollar service contract for the Tritium...

on 07/09/2021

5 min read