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ATLANTA - Perma-Fix Environmental Services, Inc. (NASDAQ: PESI), a nuclear services and waste management company with a market capitalization of $181 million, has announced the appointment of Troy Eshleman as its new Chief Operating Officer (COO), effective since Monday last week. Eshleman, who was previously the Vice President of Operations at Perma-Fix, brings over three decades of experience in radioactive waste management and facility decommissioning.
Eshleman’s career highlights include senior executive roles at EnergySolutions, Inc., where he managed nuclear decommissioning and waste processing projects, and his presidency at Oakleaf Environmental, Inc., where he focused on operational support for hazardous waste companies. His educational background includes a Bachelor of Science from the University of Pittsburgh and graduate studies at the University of New Mexico.
Mark Duff, President and CEO of Perma-Fix, expressed confidence in Eshleman’s ability to contribute to the company’s growth and operational efficiency, emphasizing his track record in improving waste treatment operations and overseeing large-scale projects.
Perma-Fix specializes in the treatment of radioactive and mixed waste for various clients, including hospitals, research labs, federal agencies, and the commercial nuclear industry. The company also offers environmental remediation and project management services, operating four nuclear waste treatment facilities and providing services nationwide. According to InvestingPro data, the company has experienced revenue challenges, with a 20% decline in the last twelve months, though it maintains a healthy balance sheet with more cash than debt.
The company’s leadership expressed expectations of a transformative year ahead, aiming to capitalize on opportunities to enhance value for shareholders and strengthen their market position. Recent InvestingPro analysis indicates the stock is trading near its Fair Value, with a six-month price decline of about 20%. Investors seeking deeper insights can access 8 additional ProTips and comprehensive financial analysis through InvestingPro’s detailed research reports, available for over 1,400 US stocks including PESI. This press release includes forward-looking statements, which involve risks and uncertainties that could cause actual results to differ materially from those projected.
The information in this article is based on a press release statement from Perma-Fix Environmental Services, Inc.
In other recent news, Perma-Fix Environmental Services has made significant changes to its executive team and compensation plans, appointing Troy Eshleman as Chief Operating Officer and Richard Grondin as Executive Vice President of Hanford and International Waste Operations. The company has also revised its Management Incentive Plans for 2025, with targets based on revenue, EBITDA, and specific performance objectives. Additionally, the company has initiated a public stock offering to fund strategic initiatives, including the development of its Perma-FAS process, with Craig-Hallum serving as the sole managing underwriter.
Perma-Fix has also announced its involvement as a subcontractor in a Department of Energy cleanup project led by BWXT Technologies, with a potential maximum value of up to $3 billion. On the financial front, the company anticipates fourth quarter revenues ranging from $15.8 million to $16.5 million, with expected net losses between $1.9 million and $1.5 million. Despite a significant revenue decline in the third quarter, the company’s cash reserves increased to $10.6 million, with a treatment backlog of $7.8 million. These are the recent developments in Perma-Fix Environmental Services.
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