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)       August 4, 2011

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 August 4, 2011 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 July 28, 2011 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 August 4, 2011, the Company issued a press release to report its financial results for the three months ended June 30, 2011. 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 July 28, 2011

99.2 Press release dated August 4, 2011

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: August 4, 2011	By:	/s/ Ben Naccarato
		Ben Naccarato
		Vice President and
		Chief Financial Officer

EX-99.1

Exhibit 99.1

Perma-Fix Schedules Second Quarter 2011 Earnings Conference Call

ATLANTA – July 28, 2011 — Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today announced that it will host a conference call at 11:00 AM ET on August 4, 2011. The call will be available on the Company’s website at www.perma-fix.com, or by calling (877) 407-0778 for U.S. callers, or (201) 689-8565 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 August 11, 2011, 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: 376426.

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 Reports Record Revenue and $5.4 Million of EBITDA for the Second Quarter of 2011; Net Income Increases 74% to $2.5 Million, or $0.05 Per Share

ATLANTA – August 4, 2011 – Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) today announced results for the second quarter and six months ended June 30, 2011.

Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, “We are very pleased to report record revenue, EBITDA and net income for the second quarter of 2011.  We attribute our year-over-year improvement to strong waste receipts in the quarter at our treatment facilities, the impact of our recent expense reductions and the continued performance of our onsite services group. Heading into the third quarter, our sales pipeline is robust and backlog is $13.6 million, compared to $6.9 million at the end of 2010 and $9.7 million at the end of the first quarter 2011.  We believe that our sales pipeline and backlog trends bode well for the third quarter of 2011 and the balance of this year.”

Dr. Centofanti continued, “In addition to improved financial performance, we have undertaken several major initiatives that we believe will transform Perma-Fix in the coming years.  Most recently, we signed a definitive agreement to acquire Safety and Ecology Holdings Corporation (SEC) from Homeland Security Capital Corporation.  This acquisition, if completed, should nearly double our revenue based on past revenue performance of SEC and will significantly expand the scope of services we can offer our customers. We are acquiring SEC through a combination of cash and debt, and we believe the transaction will be accretive to earnings.  We are also close to completing our planned sales of the Ft. Lauderdale and Orlando industrial waste facilities, which should further enhance our balance sheet. During the second quarter, we also announced a breakthrough process to safely and cost-effectively produce Molybdenum-99 (Mo-99), which is used to make Technetium 99m (Tc-99m), the most widely used medical isotope in the world.  This is another example of the steps we are taking to expand beyond our core services and diversify our revenues.  With the steps we have taken and are attempting to take, we anticipate continued improvement in cash flow, our balance sheet, and other fundamentals from the wide range of new growth opportunities.”

Financial Results

Revenue for the second quarter of 2011 increased 11.9% to $28.9 million versus $25.8 million for the same period last year. Revenue for the Nuclear Segment increased 12.3% to $28.3 million from $25.2 million for the same period in 2010. Revenue generated from the DOE Hanford Site increased approximately $347,000 or 3.4% for the quarter.  Revenue from the Engineering Segment decreased to $637,000 from $666,000 for the same period in 2010. Gross profit for the second quarter of 2011 was $8.0 million versus $7.2 million for the second quarter of 2010 due to increased treatment waste volume.

Operating income for the second quarter of 2011 increased 16.3% to $4.2 million versus operating income of $3.6 million for the second quarter of 2010.  Net income for the second quarter of 2011 increased 74.3% to $2.5 million, or $0.05 per share, versus net income of $1.4 million or $0.03 per share, for the same period in 2010.

The Company generated EBITDA of $5.4 million from continuing operations during the quarter ended June 30, 2011, as compared to EBITDA of approximately $4.8 million for the same period of 2010. 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 Company’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 income from continuing operations for the three and six months ended June 30, 2011 and 2010.

	Quarter Ended June 30,						Six Months Ended June 30,
(In thousands)	2011			2010			2011			2010
Income from continuing operations	$	2,552		$	2,116		$	2,019		$	2,691
Adjustments:
Depreciation & Amortization		1,176			1,155			2,332			2,220
Interest Income		(13	)		(16	)		(26	)		(37	)
Interest Expense		183			206			359			424
Interest Expense - Financing Fees		54			102			156			205
Income Tax expense		1,445			1,219			1,105			1,638
EBITDA	$	5,397		$	4,782		$	5,945		$	7,141

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

	Quarter Ended June 30, 2011				Quarter Ended June 30, 2010
(In thousands)	Nuclear		Engineering		Nuclear		Engineering
Net revenues	$	28,276	$	637	$	25,181	$	666
Gross profit		7,887		162		7,127		55
Segment profit (loss)		4,427		11		4,052		(49	)

	Six Months Ended June 30, 2011					Six Months Ended June 30, 2010
(In thousands)	Nuclear		Engineering			Nuclear		Engineering
Net revenues	$	51,305	$	1,223		$	48,073	$	1,340
Gross profit		10,951		128			11,910		215
Segment profit (loss)		5,742		(58	)		6,443		(10	)

Conference Call

Perma-Fix will host a conference call at 11:00 a.m. ET on Thursday, August 4, 2011.  The call will be available on the Company’s website at www.perma-fix.com, or by calling (877) 407-0778 for U.S. callers, or (201) 689-8565 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 August 11, 2011, 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: 376426.

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 the Department of Energy ("DOE"), the Department of Defense ("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: sales pipeline and backlog trends bode well for the third quarter of 2011 and the balance of this year; we have undertaken several major initiatives that we believe will transform Perma-Fix in the coming years; the SEC acquisition, if completed, should nearly double our revenue based on past revenue performance of SEC and will significantly expand the scope of our services and will be accretive to earnings; completion of our planned sales of the Ft. Lauderdale and Orlando industrial waste facilities; and with the steps we have taken and are attempting to take, we anticipate continued improvement in cash flow, our balance sheet, and other fundamentals from the wide range of new growth opportunities.” 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; complete acquisition of SEC; industry conditions; competitive pressures; our ability to apply and market our technologies; the government or such other party to a contract granted to us or SEC 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 2010 Form 10-K and Form 10-Q for the quarters ended March 31, 2011 and June 30, 2011.  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						Six Months Ended
	June 30,						June 30,
(Amounts in Thousands, Except for Per Share Amounts)	2011			2010			2011			2010
Net revenues	$	28,913		$	25,847		$	52,528		$	49,413
Cost of goods sold		20,864			18,665			41,449			37,288
Gross profit		8,049			7,182			11,079			12,125
Selling, general and administrative expenses		3,436			3,376			6,808			6,818
Research and development		395			179			661			389
Loss on disposal of property and equipment		—			—			—			2
Income from operations		4,218			3,627			3,610			4,916
Other income (expense):
Interest income		13			16			26			37
Interest expense		(183	)		(206	)		(359	)		(424	)
Interest expense-financing fees		(54	)		(102	)		(156	)		(205	)
Other		3			—			3			5
Income from continuing operations before taxes		3,997			3,335			3,124			4,329
Income tax expense		1,445			1,219			1,105			1,638
Income from continuing operations		2,552			2,116			2,019			2,691
(Loss) income from discontinued operations, net of taxes		(32	)		(670	)		180			(608	)
Net income	$	2,520		$	1,446		$	2,199		$	2,083
Net income (loss) per common share – basic:
Continuing operations	$	.05		$	.04		$	.04		$	.05
Discontinued operations		—			(.01	)		—			(.01	)
Net income per common share	$	.05		$	.03		$	.04		$	.04
Net income (loss) per common share – diluted:
Continuing operations	$	.05		$	.04		$	.04		$	.05
Discontinued operations		—			(.01	)		—			(.01	)
Net income per common share	$	.05		$	.03		$	.04		$	.04
Number of common shares used in computing net income (loss) per share:
Basic		55,136			54,991			55,118			54,843
Diluted		55,136			55,124			55,123			55,012

PERMA-FIX ENVIRONMENTAL SERVICES, INC.

CONDENSED CONSOLIDATED BALANCE SHEET

	June 30,
	2011			December 31,
(Amounts in Thousands, Except for Share and Per Share Amounts)	(Unaudited)			2010
ASSETS
Current assets:
Cash & cash equivalents	$	62		$	136
Account receivable, net of allowance for doubtful accounts of $200 and $215		14,878			8,541
Unbilled receivables		10,558			9,436
Other current assets		2,457			3,335
Deferred tax assets - current		562			1,734
Assets of discontinued operations included in current assets, net of allowance for doubtful accounts of $226 and $97		2,187			2,034
Total current assets		30,704			25,216
Net property and equipment		39,863			40,443
Property and equipment of discontinued operations, net of accumulated depreciation of $755 and $755, respectively		4,213			4,209
Intangibles and other assets		56,312			54,257
Intangibles and other assets related to discontinued operations		1,190			1,190
Total assets	$	132,282		$	125,315
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities		24,486			20,214
Current liabilities related to discontinued operations		3,414			2,673
Total current liabilities		27,900			22,887
Long-term liabilities		21,144			20,850
Long-term liabilities related to discontinued operations		2,199			3,074
Total liabilities		51,243			46,811
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, 55,175,897 and 55,106,180 shares issued, respectively; 55,137,687 and 55,067,970 outstanding, respectively		55			55
Additional paid-in capital		101,157			100,821
Accumulated deficit		(21,370	)		(23,569	)
Less Common Stock in treasury at cost: 38,210 shares for each period		(88	)		(88	)
Total stockholders' equity		79,754			77,219
Total liabilities and stockholders' equity	$	132,282		$	125,315