Perma-Fix Environmental Service
14.28+0.35 (+2.51%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · PESI · USD
Key Stats
Market Cap
263.75MP/E (TTM)
-Basic EPS (TTM)
-1.12Dividend Yield
0%Recent Filings
8-K
CBA signed, exec contracts end
Perma-Fix Environmental Services' subsidiary signed a five-year collective bargaining agreement on September 25, 2025, effective October 1, covering 71 production workers at its PFNW facility to stabilize the skilled labor force for waste treatment operations. Wages will rise annually by 1% plus CPI-U changes, while healthcare and 401k benefits persist. Meanwhile, the company notified its top executives on September 29 that their employment agreements won't extend beyond April 20, 2026, planning new deals effective April 21. Labor stability aids operations, yet executive transitions loom.
10-Q
Q2 FY2025 results
Perma-Fix Environmental Services posted Q2 revenue of $14.6M, up 4.3% y/y from $14.0M, driven by a 36.6% surge in the Treatment segment to $11.4M on higher waste volumes and pricing, while Services dipped 43.5% to $3.2M amid project delays. Gross profit flipped to $1.5M (10.6% margin) from a $1.3M loss, thanks to cost efficiencies, yet operating loss narrowed to $2.9M from $5.0M as SG&A rose 19.5% on staffing and marketing. Cash stood at $22.6M with $25.4M liquidity and no revolver debt; free cash flow ran negative at $5.5M (derived) after $4.0M operating outflow and $1.5M capex. Losses persist, but Treatment backlog swelled 67% to $13.2M. Government contract volatility looms large.
8-K
Annual meeting results
Perma-Fix Environmental Services held its 2025 annual meeting on July 24, with 74.69% of shares present. Stockholders reelected all nine directors, including Thomas P. Bostick and Dr. Louis F. Centofanti, under plurality rules. They ratified Grant Thornton as auditors for the fiscal year, with overwhelming support. The advisory vote approved 2024 executive pay, signaling alignment. Continuity intact.
10-Q
Q1 FY2025 results
Perma-Fix Environmental Services eked out a 2.2% revenue bump to $13.9M in Q1 2025 ended March 31, flipping a $620K gross loss into a slim $657K profit, thanks to tighter costs in the Services segment while Treatment clawed back from a tough mix. Yet operating losses narrowed to $3.7M from $4.5M year-over-year, with diluted EPS improving to $(0.19) from $(0.26) on 18.4M shares—anti-dilution kept options sidelined. Cash dipped to $25.7M amid $2.1M operating burn, but liquidity swelled to $29.3M with no revolver draws and steady debt at $2.2M. Free cash flow wasn't disclosed in the 10-Q. Waste backlog surged 30% to $10.2M, signaling pickup. Government funding cuts loom as a persistent drag.
8-K
Perma-Fix secures COO contract
Perma-Fix Environmental Services locked in COO Troy Eshleman's employment with a new agreement effective April 17, 2025, through April 20, 2026, offering $320,000 annual salary plus MIP incentives and standard benefits. Severance kicks in at two years' base plus bonuses for without-cause or good-reason exits, doubling post-change in control. This secures operational leadership amid environmental services demands. Meeting set for July 24.
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