8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)		November 4, 2010
PERMA-FIX ENVIRONMENTAL SERVICES, INC.
(Exact name of registrant as specified in its charter)
Delaware	1-11596		58-1954497
(State or other jurisdiction of incorporation)	(Commission File Number)		(IRS Employer Identification No.)
8302 Dunwoody Place, Suite 250, Atlanta, Georgia			30350
(Address of principal executive offices)			(Zip Code)
Registrant's telephone number, including area code		(770) 587-9898
Not applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 2 – Financial Information

Item 2.02 – Results of Operations and Financial Condition

On November 4, 2010 at 11:00 A.M. EST, Perma-Fix Environmental Services, Inc. (the “Company”) will hold a conference call broadcast live over the Internet. A press release dated November 1, 2010 announcing the conference call, is attached hereto as Exhibit 99.1 and is incorporated herein by reference. A transcript of the conference call will also be available on the Company’s web page at www.perma-fix.com.

On November 4, 2010, the Company issued a press release to report its financial results for the three months ended September 30, 2010. The press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information combined in this Item 2.02 of this Form 8-K and the Exhibits attached hereto are being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934 (as amended), or otherwise subject to the liabilities of such section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 (as amended), except as shall be expressly set forth by specific reference in such filing.

Section 9 – Financial Statements and Exhibits

Item 9.01 – Financial Statements and Exhibits

(d) Exhibits

Exhibit Number	Description
99.1	Press release dated November 1, 2010
99.2	Press release dated November 4, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		PERMA-FIX ENVIRONMENTAL SERVICES, INC.
Dated:	November 4, 2010	By:	/s/ Ben Naccarato
			Ben Naccarato
			Vice President and
			Chief Financial Officer

EX-99.1

EXHIBIT 99.1

Perma-Fix Schedules Third Quarter 2010 Earnings Conference Call

ATLANTA – November 1, 2010 — Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today announced that it will host a conference call at 11:00 AM ET on Thursday, November 4, 2010. The call will be available on the Company’s website at www.perma-fix.com, or by calling (877) 407-9210 for U.S. callers, or (201) 689-8049 for international callers.  The conference call will be led by Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, and Ben Naccarato, Vice President and Chief Financial Officer, of Perma-Fix Environmental Services, Inc.

A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through midnight November 11, 2010, and can be accessed by calling: (877) 660-6853 (U.S. callers) or (201) 612-7415 (international callers) and entering account # 286 and conference ID: 360080.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc., a national environmental services company, provides unique mixed waste and industrial waste management services. The Company’s increased focus on nuclear services includes radioactive and mixed waste treatment services for hospitals, research labs and institutions, federal agencies, including DOE, DOD, and nuclear utilities. The Company’s industrial services treat hazardous and non-hazardous waste for a variety of customers including, Fortune 500 companies, federal, state and local agencies and thousands of other clients. Nationwide, the company operates seven waste treatment facilities.

Please visit us on the World Wide Web at http://www.perma-fix.com.

*****

Contacts:

David K. Waldman-US Investor Relations

Crescendo Communications, LLC

(212) 671-1021

Herbert Strauss-European Investor Relations

herbert@eu-ir.com

+43 316 296 316

EX-99.2

EXHIBIT 99.2

Perma-Fix Announces Financial Results for theThird Quarter of 2010

ATLANTA – November 4, 2010 – Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today announced results for the third quarter ended September 30, 2010.

Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, “We experienced a decrease in revenue for the third quarter of 2010 due to a difficult DOE budget cycle and the timing of remediation projects. DOE spending on waste treatment at our facilities continued to lag behind spending for on-site services. Nevertheless, our revenue increased 9.4% year-to-date, as our on-site revenue related to the DOE’s Hanford Site increased by $2.1 million for the third quarter and $7.0 million for the nine months ended September 30, 2010 versus the same periods last year.”

“In October 2010 we announced our plans to sell the remaining Industrial Segment facilities and operations which accounted for 8% of our total revenue and 4% of total assets in 2009.  We have entered into letters of intent to sell our Perma-Fix of Ft. Lauderdale, Inc. (PFFL) and Perma-Fix of Orlando, Inc. (PFO) industrial facilities, subject to due diligence by the buyer, negotiations and execution of definitive agreements and other conditions. If completed, the letter of intent pertaining to the PFFL facility states that the buyer will purchase the facility for $6 million, subject to certain adjustments, and will purchase the PFO facility for $2 million, subject to certain adjustments.  This sale would enable us to focus our resources on growing the Nuclear Segment.”

“As we approach 2011, we have a variety of new initiatives under way. Foremost and most near-term is the expansion of our capabilities to handle higher activity waste such as transuranic (TRU) waste. We believe we are uniquely positioned to address this market. We are in the final stages of completing a demonstration at our Perma-Fix Northwest facility to handle this waste stream. In conjunction with our rail spur expansion at this site, we believe that this should enable us to increase this waste stream in 2011.  At the same time, we remain focused on expanding our on-site initiatives and broadening the scope of our services to address different aspects of the nuclear fuel cycle.”

Financial Results

Revenue for the third quarter of 2010 was $25.1 million versus $26.5 million for the same period last year. Overall revenue for the Nuclear Segment decreased to $22.3 million from $23.5 million for the same period last year due to reduced volume and lower average priced waste at our treatment facilities. Revenue generated from the DOE Hanford Site increased approximately $2.1 million for the quarter.  Revenue for the Industrial Segment increased to $2.2 million versus $2.1 million for the same period last year resulting from higher revenue from used oil sales as average price per gallon increased. Revenue from the Engineering Segment decreased to $581,000 from $888,000 for the same period last year primarily due to decrease in billable hours and decrease in average billing rate.

Gross profit for the third quarter of 2010 was $2.9 million versus $7.3 million for the third quarter of 2009 primarily due to lower revenue and revenue mix.  Higher on-site services revenue, which generally carries lower margins, replaced treatment revenue at the facilities. The gross profit for the third quarter 2009 within the Nuclear Segment also included a reduction of approximately $787,000 in disposal/transportation costs resulting from a change in estimate related to accrued costs to dispose of legacy waste that were assumed as part of the acquisition of the Company’s PFNWR facility in June 2007.

Operating loss for the third quarter was $1.5 million versus income of $3.2 million for the third quarter of 2009.  Net loss for the third quarter of 2010 was $1.1 million, or $(0.02) per share, versus net income of $2.6 million or $0.05 per share, for the same period last year.

The Company had an EBITDA loss of $280,000 from continuing operations during the quarter ended September 30, 2010, as compared to EBITDA of approximately $4.4 million for the same period of 2009. The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization.  EBITDA is not a measure of performance calculated in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), and should not be considered in isolation of, or as a substitute for, earnings as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. The Company believes the presentation of EBITDA is relevant and useful by enhancing the readers’ ability to understand the Company’s operating performance. The Comp any’s management utilizes EBITDA as a means to measure performance. The Company’s measurements of EBITDA may not be comparable to similar titled measures reported by other companies.  The table below reconciles EBITDA, a non-GAAP measure, to net income for the three months and nine months ended September 30, 2010 and 2009.

	Quarter Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2010			2009			2010			2009
Net (Loss) Income	$	(1,103	)	$	2,634		$	1,193		$	3,877
Adjustments:
Depreciation & Amortization		1,216			1,188			3,564			3,569
Interest Income		(15	)		(29	)		(51	)		(121	)
Interest Expense		159			331			586			1,346
Interest Expense - Financing Fees		103			104			309			180
Income Tax (Benefit) Expense		(640	)		165			896			265
EBITDA	$	(280	)	$	4,393		$	6,497		$	9,116

The tables below present certain financial information for the business segments, excluding allocation of corporate expenses:

	Quarter Ended September 30, 2010								Quarter Ended September 30, 2009
(In thousands)	Nuclear		Engineering			Industrial			Nuclear		Engineering		Industrial
Net revenues	$	22,283	$	581		$	2,224		$	23,518	$	888	$	2,128
Gross profit (negative gross profit)		2,631		(36	)		271			6,405		226		633
Segment profit (loss)		1,212		(173	)		(143	)		4,225		74		266

	Nine Months Ended September 30, 2010								Nine Months Ended September 30, 2009
(In thousands)	Nuclear		Engineering			Industrial			Nuclear		Engineering		Industrial
Net revenues	$	70,356	$	1,921		$	6,766		$	63,364	$	2,670	$	6,200
Gross profit		14,541		178			524			15,468		703		1,390
Segment profit (loss)		7,868		(183	)		(750	)		8,698		319		180

Conference Call

Perma-Fix will host a conference call at 11:00 a.m. ET on Thursday, November 4, 2010.  The call will be available on the Company’s website at www.perma-fix.com, or by calling (877) 407-9210 for U.S. callers, or (201) 689-8049 for international callers.  A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through midnight November 11, 2010, and can be accessed by calling: (877) 660-6853 (U.S. callers) or (201) 612-7415 (international callers) and entering account # 286 and conference ID: 360080.

About Perma-Fix Environmental Services

Perma-Fix Environmental Services, Inc., a national environmental services company, provides unique mixed waste and industrial waste management services. The Company’s increased focus on nuclear services includes radioactive and mixed waste treatment services for hospitals, research labs and institutions, federal agencies, including DOE, DOD, and nuclear utilities. The Company’s industrial services treat hazardous and non-hazardous waste for a variety of customers including, Fortune 500 companies, federal, state and local agencies and thousands of other clients. Nationwide, the Company operates seven waste treatment facilities.

This press release contains “forward-looking statements” which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the company's control. Forward-looking statements generally are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”, “plans to”, “estimates”, “projects”, and similar expressions.  Forward-looking statements include, but are not limited to: expansion of our capacity to handle higher activity waste; uniquely positioned to address the transuranic waste market; we are in the final stages of completing a demonstration at our Perma-Fix Northwest facility to handle this waste stream; we a nticipate  increases of TRU waste streams in 2011; and the sale of our Industrial Segment facilities would enable us to focus our resources on growing the Nuclear Segment. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our technologies; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract; that Congress provides continuing funding for the Department of Defense’ s and Department of Energy’s remediation projects; and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of our 2009 Form 10-K and From 10-Q for the quarter ended March 31, 2010, June 30, 2010, and September 30, 2010. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon forward-looking statements.

Please visit us on the World Wide Web at http://www.perma-fix.com.

FINANCIAL TABLES FOLLOW

Contacts:

David K. Waldman-US Investor Relations

Crescendo Communications, LLC

(212) 671-1021

Herbert Strauss-European Investor Relations

herbert@eu-ir.com

+43 316 296 316

PERMA-FIX ENVIRONMENTAL SERVICES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(Amounts in Thousands, Except for Per Share Amounts)	2010			2009			2010			2009
Net revenues	$	25,088		$	26,534		$	79,043		$	72,234
Cost of goods sold		22,222			19,270			63,800			54,673
Gross profit		2,866			7,264			15,243			17,561
Selling, general and administrative expenses		3,876			3,903			11,439			11,574
Research and development		345			154			734			460
Loss (gain) on disposal of property and equipment		143			(3	)		145			(15	)
(Loss) income from operations		(1,498	)		3,210			2,925			5,542
Other income (expense):
Interest income		15			29			51			121
Interest expense		(159	)		(331	)		(586	)		(1,346	)
Interest expense-financing fees		(103	)		(104	)		(309	)		(180	)
Other		2			(5	)		8			5
(Loss) income from continuing operations before taxes		(1,743	)		2,799			2,089			4,142
Income tax (benefit) expense		(640	)		165			896			265
(Loss) income from continuing operations		(1,103	)		2,634			1,193			3,877
Income (loss) from discontinued operations, net of taxes		37			(12	)		(176	)		44
Net (loss) income applicable to Common Stockholders	$	(1,066	)	$	2,622		$	1,017		$	3,921
Net (loss) income per common share – basic
Continuing operations	$	(.02	)	$	.05		$	.02		$	.07
Discontinued operations		—			—			—			—
Net (loss) income per common share	$	(.02	)	$	.05		$	.02		$	.07
Net (loss) income per common share – diluted
Continuing operations	$	(.02	)	$	.05		$	.02		$	.07
Discontinued operations		—			—			—			—
Net (loss) income per common share	$	(.02	)	$	.05		$	.02		$	.07
Number of common shares used in computing net (loss) income per share:
Basic		55,031			54,281			54,906			54,130
Diluted		55,031			54,954			55,031			54,412

PERMA-FIX ENVIRONMENTAL SERVICES, INC.

CONSOLIDATED BALANCE SHEET

	September 30, 2010			December 31,
(Amounts in Thousands, Except for Share Amounts)	(Unaudited)			2009
ASSETS
Current assets:
Cash & equivalents	$	153		$	196
Account receivable, net of allowance for doubtful accounts of $392 and $296		10,937			13,141
Unbilled receivables		8,564			9,858
Other current assets		3,733			3,448
Deferred tax assets - current		1,262			1,856
Assets of discontinued operations included in current assets		103			174
Total current assets		24,752			28,673
Net property and equipment		44,084			45,727
Property and equipment of discontinued operations, net of accumulated depreciation of $10 and $13, respectively		637			651
Deferred tax asset, net of liabilities		196			272
Intangibles and other assets		55,634			50,752
Total assets	$	125,303		$	126,075
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities		23,929			26,190
Current liabilities related to discontinued operations		646			993
Total current liabilities		24,575			27,183
Long-term liabilities		22,753			22,655
Long-term liabilities related to discontinued operations		1,228			1,433
Total liabilities		48,556			51,271
Commitments and Contingencies
Preferred Stock of subsidiary, $1.00 par value; 1,467,396 shares authorized, 1,284,730 shares issued and outstanding, liquidation value $1.00 per share		1,285			1,285
Stockholders’ equity:
Preferred Stock, $.001 par value; 2,000,000 shares authorized, no shares issued and outstanding		—			—
Common Stock, $.001 par value; 75,000,000 shares authorized, 55,069,094 and 54,628,904 shares issued, respectively; 55,030,884 and 54,628,904 outstanding, respectively		55			55
Additional paid-in capital		100,655			99,641
Accumulated deficit		(25,160	)		(26,177	)
		75,550			73,519
Less Common Stock in treasury at cost: 38,210 and 0 shares, respectively		(88	)		—
		75,462			73,519
Total liabilities and stockholders' equity	$	125,303		$	126,075