Key Developments For Perma-Fix Environmental Services, Inc.
Perma-Fix Environmental Services, Inc. (PESI.O) (Consolidated Issue listed on NASDAQ Capital Market)
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.
