Quest Resource Holding Corporation - QRHC STOCK NEWS

Quest Resource Holding (QRHC) reported Q3 2024 financial results with revenue of $72.8 million, up 3.3% year-over-year. The company experienced a GAAP net loss of $(3.4) million, with gross profit declining 5.9% to $11.7 million. New client onboarding added approximately $16 million in revenue, though growth was partially offset by weaker industrial end market conditions. The implementation of a new vendor management system temporarily increased costs. The company is progressing with debt refinancing, expected to complete by year-end with improved terms. Quest secured significant new clients in food distribution and automotive service sectors, each expected to generate seven-figure annual revenues.

Quest Resource Holding (NASDAQ: QRHC) has scheduled its Q3 2024 earnings release for November 7, 2024, after market close. The company will host a conference call the same day at 5:00 PM ET, featuring President and CEO Ray Hatch and CFO Brett Johnston. They will discuss financial results and business outlook. Investors can join via phone (1-800-717-1738 or 1-646-307-1865) or through a webcast on Quest's investor relations website.

Quest Resource Holding (QRHC), a leader in environmental waste and recycling services, has announced its participation in the 15th Annual Midwest IDEAS Investor Conference. The event will take place on August 28th and 29th, 2024, at The Gwen in Chicago, IL.

Key details include:

• CEO Ray Hatch and CFO Brett Johnston will present on August 29th at 2:00 PM CT
• The presentation will be webcast and accessible through the conference website and Quest's investor website
• Quest will also host 1x1 investor meetings during the conference

This event provides an opportunity for Quest to showcase its business to potential investors and engage with the financial community. Interested parties can access the webcast through the provided links for real-time or later viewing.

Quest Resource Holding (Nasdaq: QRHC) reported financial results for Q2 2024. Despite a 1.8% decrease in revenue to $73.1 million, the company maintained flat gross profit at $13.5 million and improved gross margin to 18.5%. QRHC reported a GAAP net loss of $(1.5) million, or $(0.07) per share. Adjusted EBITDA slightly increased to $5.1 million.

The company remains on track for double-digit growth in gross profit and adjusted EBITDA during 2024 and 2025. QRHC secured significant new client wins and multiple program expansions with existing clients. Notable achievements include onboarding seven new clients, signing three expansion agreements, and being added to the Russell 2000 and 3000 Indexes.

Quest Resource Holding (NASDAQ: QRHC) has announced it will release its second quarter 2024 financial results on Thursday, August 8, 2024, after market close. The company, a national leader in environmental waste and recycling services, will host an earnings call the same day at 5:00 PM ET.

President and CEO Ray Hatch, along with Senior VP and CFO Brett Johnston, will lead the conference call to review Quest's financial results and business outlook. Investors can participate by dialing 1-800-717-1738 or 1-646-307-1865. A listen-only webcast will also be available on the investor relations section of Quest's website at http://investors.qrhc.com/.

Quest Resource Holding (NASDAQ: QRHC) announced its inclusion in the Russell 3000® Index, effective July 1, 2024. The Russell indexes annual reconstitution, based on market capitalization, captured the 4,000 largest US stocks as of April 30, 2024. Quest will also join the Russell 2000®, Russell 2500™, and Russell Small Cap Completeness® indexes. CEO S. Ray Hatch credited this milestone to the team's dedication to customer service and operational performance. Russell indexes are significant benchmarks, with $10.5 trillion in assets benchmarked as of December 2023.

Quest Resource Holding (NASDAQ: QRHC) has appointed Perry W. Moss as Chief Revenue Officer. Moss, who joined Quest nine months ago as Senior VP of Sales and Business Development, brings over 30 years of experience. He has successfully secured a record number of new clients, with two expected to generate eight figures in annual revenue. Moss's new role will focus on revenue growth through client acquisition, strategic partnerships, and new service solutions. CEO S. Ray Hatch emphasized Moss's value in driving sustainable waste management solutions. Moss expressed his commitment to leveraging Quest's strengths to build profitable revenue streams.

Quest Resource Holding (Nasdaq: QRHC), a national leader in environmental waste and recycling services, will present at the 14th Annual East Coast IDEAS Investor Conference on June 13th in New York, NY.

CEO Ray Hatch and CFO Brett Johnston will represent Quest, with their presentation scheduled for 10:00 AM ET. This presentation will be webcast and accessible through both the conference host's website and Quest's investor relations section.

Quest Resource Holding (NASDAQ: QRHC) reported financial results for the first quarter of 2024, with revenue at $72.7 million, a 2.0% decrease from 2023. However, gross profit increased by 11.1% to $14.0 million. The company achieved a record number of new client wins, leading to significant revenue growth opportunities. Quest's differentiated value proposition and strategic expansion efforts have resulted in positive financial performance, with adjusted EBITDA at $5.1 million, a 28.4% increase from the previous year.