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Quest Resource Holding Corporation (NASDAQ: QRHC) is a national leader in providing comprehensive waste and recycling management solutions across various industries in the United States. Through its subsidiaries, Quest specializes in the reuse, recycling, and disposal of diverse waste streams, including used motor oil, oil filters, scrap tires, solid waste, metals, grease, cooking oil, food waste, and expired food products. The company also offers landfill diversion services and sustainability programs, such as strategic planning, policy writing, LEED certification, life cycle assessment, and building commissioning.
Quest's client base includes large retailers, automotive service providers, transportation and logistics operators, manufacturing plants, multi-family and commercial properties, restaurant chains, and construction and demolition projects. The company tailors customer-specific programs to collect, process, recycle, dispose of, and track waste streams and recyclables, ensuring clients achieve their environmental and sustainability goals.
Recent highlights from Quest include a strong sequential growth in gross profit and adjusted EBITDA for the second quarter of 2023, driven by new business wins, improved efficiencies, and successful acquisition integration. The company's momentum continued into the third quarter of 2023, despite some adjustments related to the integration of RWS. Additionally, Quest announced record levels of new client wins and significant growth in gross profit and adjusted EBITDA for the first quarter of 2024.
Quest's strategic focus on enhancing operational efficiency, deepening client relationships, and expanding its service offerings has positioned the company for sustained growth. With a robust pipeline and ongoing investments in technology and talent, Quest is poised to capitalize on opportunities in both existing and new markets. For more information, visit www.qrhc.com.
Quest Resource Holding (NASDAQ: QRHC) has formalized a partnership with Stonebriar Auto Services, as previously announced during Q3 2024 earnings call. Quest will implement comprehensive waste and recycling solutions across Stonebriar's service locations, focusing on materials like oil, oil filters, tires, and antifreeze.
Stonebriar Auto Services, established in 2019, operates Jiffy Lube auto service locations nationwide and has received multiple awards for operational excellence. The partnership aims to enhance operational efficiency, cost management, and sustainability goals while maintaining superior customer service.
Quest's data-driven approach and white-glove service will help Stonebriar achieve higher recycling rates and improve waste operations across their network, contributing to safer and cleaner facilities for clients, employees, and communities.
Quest Resource Holding (Nasdaq: QRHC), a leader in environmental waste and recycling services, announced their participation in the 16th Annual Southwest IDEAS Investor Conference. The event will take place on November 20th and 21st, 2024, at The Statler in Dallas, TX. Ray Hatch, CEO, and Brett Johnston, CFO, will present on November 21st at 11:30 AM CT. The presentation will be webcast and accessible via the conference host’s main website and Quest's investor site.
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.
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