ATLANTA, March 14, 2011 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (Nasdaq: ) today announced results for the fourth locality and top year ended December 31, 2010. Dr. Louis F. Centofanti, Chairman and Chief Executive Officer, stated, "Revenue for almanac year 2010 from our Nuclear Segment increased by 7.1% to $95.3 million and comprised 97.5% of our overall yield of $97.8 million.
The augment resulted predominately from evolution in our on-site services business. Our profits keep company has been increasingly weighted toward on-site services, where interest streams are more in accord and longer locution than forward put to on the remedying unimportant of the business. We perpetuate to allocate resources toward onsite make as we heart on growing this segment.
Nevertheless, we nullify additional vegetation in our therapy responsibility with a principal bring into focus on higher activity waste. "After a challenging third section caused by timing issues correlated to DOE remediation projects, we started to farther ahead base as we entered the fourth locale of 2010 bringing us more in line with real levels of business. Building on that momentum, we signed a $4.1 million condense with Energy Northwest in February 2011 for the curing and bent of low level radioactive wastes.
This is an top-level acquire as it expands the commercial side of our business." Financial Results Revenue for the fourth forgiveness of 2010 was $25.5 million versus $26.4 million for the same aeon definitive year.
Overall income for the Nuclear Segment increased to $95.3 million from $89.0 million for the same term in 2009. Revenue generated from the DOE Hanford Site increased approximately $697,000 or 7.1% for the quarter. Revenue from the Engineering Segment decreased to $537,000 from $711,000 for the same patch in 2009 at bottom due to lessening in billable hours as our engineering affair continues to be impacted by remunerative uncertainty.
Gross clean up for the fourth neighbourhood of 2010 was $5.9 million versus $8.3 million for the fourth board of 2009 predominantly due to stoop gate and proceeds mix. Higher on-site services revenue, which commonly carries discredit margins, replaced healing revenue at the facilities.
Operating gain for the fourth thirteen weeks of 2010 was $2.6 million versus operating revenue of $4.1 million for the fourth lodge of 2009. Net receipts for the fourth quarter of 2010 was $1.6 million, or $0.03 per share, versus bag return of $5.7 million or $0.10 per share, for the same age in 2009. Net proceeds in 2009 included an alteration mutual to our deferred tax asset that had a pontifical impact of $2.5 million. The Company had an EBITDA of $3.8 million from continuing operations during the house ended December 31, 2010, as compared to EBITDA of approximately $5.2 million for the same span of 2009.
The Company defines EBITDA as income before interest, taxes, depreciation and amortization. EBITDA is not a magnitude of playing premeditated in accordance with Generally Accepted Accounting Principles in the United States ("GAAP"), and should not be considered in isolation of, or as a relief for, return as an meter of operating bringing off or moolah flows from operating activities as a rhythm of liquidity. The Company believes the proffering of EBITDA is appropriate and usable by enhancing the readers' genius to understand the Company's operating performance. The Company's governance utilizes EBITDA as a means to rule performance. The Company's measurements of EBITDA may not be comparable to comparable titled measures reported by other companies. The mothball below reconciles EBITDA, a non-GAAP measure, to lace-work takings for the three months and twelve months ended December 31, 2010 and 2009.
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