Key Developments: Perma-Fix Environmental Services, Inc. (PESI.O)
1.86USD
9 Feb 2010
$0.06 (+3.33%)
$1.86
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$1.93
$1.75
326,875
147,377
$2.72
$1.28
Latest Key Developments
Perma-Fix Environmental Services, Inc. Files Shelf Registration Statement
Perma-Fix Environmental Services, Inc announced that it has filed a shelf registration statement on Form S-3 with the U.S. Securities and Exchange Commission (SEC). The shelf registration statement, when declared effective by the SEC, would give Perma-Fix the ability to sell up to 5,000,000 shares of its common stock. After the shelf registration becomes effective, the common stock may be sold from time to time and through one or more methods of distribution, subject to market conditions and Perma-Fix's capital needs. The terms of any offering would be established at the time of the offering.
Perma-Fix Environmental Services, Inc. Issues FY 2009 Revenue Outlook; Comments on FY 2009 EBITDA Outlook
Perma-Fix Environmental Services, Inc. announced that for fiscal 2009, it expects to generate revenue of more than $100 million. The Company announced that, historically, its EBITDA has ranged in the range of 10% to 15%, assuming current trends continue. If, depending on when the stimulus and the ramp up in the new budget occurs, if they occur more rapidly than slower, EBITDA could be at the higher end of that range in fiscal 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $102 million for fiscal 2009.
Perma-Fix Environmental Services, Inc. Appoints Ben Naccarato as Chief Financial Officer
Perma-Fix Environmental Services, Inc. announced the appointment of Ben Naccarato to the position of Chief Financial Officer of the Company.
Perma-Fix Environmental Services, Inc. Announces Resignation Of Steve Baughman As Chief Financial Officer
Perma-Fix Environmental Services, Inc. announced that Steve Baughman, the Company's Chief Financial Officer, has resigned effective October 31, 2008, to pursue other business opportunities. Ben Naccarato, who joined the Company in 2004 and currently serves as Vice President, Corporate Controller and Treasurer, will assume Mr. Baughman's responsibilities and will serve as Interim Chief Financial Officer effective November 1, 2008, until a permanent replacement is named.
Perma-Fix Environmental Services, Inc. Reloads Term Note With Lender
Perma-Fix Environmental Services, Inc. announced that PNC Bank N.A. has provided the Company with a $7.0 million Term Note as part of the restructuring of the Company's $25 million credit facility with the bank. Both the new Term Note and the existing $18 million revolver capacity will become due on July 31, 2012. These funds, under the credit facility, will provide the Company supplemental liquidity in the forms of working capital and capital to invest in the future growth of the Company.
Perma-Fix Environmental Services, Inc. Completes Sale Of Tulsa Industrial Facility For Approximately $1.5 Million
Perma-Fix Environmental Services, Inc. announced that it has completed the previously announced sale of one of its Industrial segment facilities located in Tulsa, Oklahoma, to A Clean Environment Company, Inc. (ACE) for approximately $1.5 million in cash, subject to certain working capital adjustments during the third quarter of 2008, and the assumption of certain liabilities. ACE is an environmental services company located in Wilson, Oklahoma.
Perma-Fix Environmental Services, Inc. Announces Agreement To Sell Tulsa Industrial Waste Facility For $1.5 Million
Perma-Fix Environmental Services, Inc. announced a definitive agreement to sell substantially all of the assets of Perma-Fix Treatment Services, Inc., one of the Company's Industrial Segment facilities located in Tulsa, Oklahoma, to A Clean Environment Company, Inc. (ACE) for approximately $1.5 million in cash, subject to certain working capital adjustments, and the assumption of certain liabilities. ACE is an environmental services company located in Wilson, Oklahoma. The Company expects to complete the sale of its Tulsa facility during the second quarter of 2008.
Perma-Fix Environmental Services, Inc. Adopts Preferred Share Purchase Rights Plan
Perma-Fix Environmental Services, Inc. announced that its Board of Directors has adopted a Preferred Share Purchase Rights Plan. As part of the plan, the Board of Directors has declared a dividend distribution of one Preferred Share Purchase Right on each outstanding share of the Company's common stock to stockholders of record on May 12, 2008. The Rights are designed to assure that all of the Company's shareholders receive fair and equal treatment in the event of any proposed takeover of the Company and to guard against partial tender and abusive tactics to gain control of the Company. The rights will be exercisable only if a person or group acquires beneficial ownership of 20% or more of the company's common stock or announces a tender or exchange offer, the consummation of which would result in ownership by a person or group of 20% or more of the common stock (with certain exceptions).
Perma-Fix Environmental Services, Inc. Update On Matters Relating To Its 2007 Financials And Receives Amendment From Its Lender
Perma-Fix Environmental Services, Inc. announced that its lender amended and modified the method of calculating the fixed charge coverage ratio covenant contained in the loan agreement. With receipt of this amendment and based on the Company's projections, Perma-Fix now believes it will be able to demonstrate that it will comply with the fixed charge coverage ratio contained in the Company's loan agreement during 2008. Prior to receipt of the amendment, as discussed in the company's 2007 Form 10-K, Perma-Fix was unable to demonstrate that it could comply with the fixed charge coverage ratio in its loan agreement as of the end of the first and second quarters of 2008. As a result, approximately $11.4 million of long-term debt was reclassified to current, the company reported a working capital deficit of approximately $17.2 million, and certain of the company's lenders' had the ability to accelerate Perma-Fix's indebtedness under its credit facilities. As a result, the company's independent registered public auditors included a 'going concern' paragraph in their report covering Perma-Fix's 2007 financial statements.
Perma-Fix Environmental Services, Inc. Completes Sale Of Dayton Industrial Facility For $2.1 Million
Perma-Fix Environmental Services, Inc. announced that it has completed the sale of Perma-Fix of Dayton, Inc., one of the Company's Industrial Segment facilities located in Dayton, Ohio, to OGM, LTD. for approximately $2.1 million in cash, subject to certain possible working capital adjustments within 90 days of closing, and the assumption of certain liabilities.
Perma-Fix says COO not actually a college graduate
SAN FRANCISCO (Reuters) - Perma-Fix Environmental Services Inc's chief operating officer "incorrectly advised" the company about graduating from college, the U.S. mixed waste and nuclear waste management company said on Monday.
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