Welcome to our dedicated page for Quest Resource news (Ticker: QRHC), a resource for investors and traders seeking the latest updates and insights on Quest Resource stock.
Overview of Quest Resource Holding Corporation
Quest Resource Holding Corporation is a nationally recognized provider of integrated waste management and recycling services that are intricately designed to address the complex waste disposal needs of large, multi-location businesses. With a core focus on waste management, recycling services, and environmental solutions, Quest Resource delivers customer-specific programs that streamline operations and enhance sustainability efforts across various industry sectors. The company leverages its deep experience and technical expertise to develop innovative solutions for the collection, processing, recycling, disposal, and tracking of diverse waste streams.
Comprehensive Service Portfolio
At its core, Quest Resource provides a comprehensive suite of services that are aimed at optimizing waste management for its clients. The service portfolio encompasses:
- Recycling and Reuse Solutions: Customized programs for the collection and processing of recyclables, such as metals, scrap tires, and used motor oil.
- Disposal Services: Environmentally responsible disposal and landfill diversion services that reduce environmental impact.
- Sustainability Programs: Strategic planning, policy formulation, LEED certification, life cycle assessments, and building commissioning that enable clients to meet their environmental and regulatory responsibilities.
- Data and Reporting: Detailed reporting systems that track the environmental results of waste management services to provide actionable insights aimed at operational improvement.
These offerings are organized into single-source, client-specific solutions that not only ensure regulatory compliance but also generate quantifiable business outcomes, thereby reinforcing the company’s role as a trusted partner in securing operational efficiencies and sustainability milestones.
Market Position and Customer Focus
Quest Resource has established its market presence by focusing on larger, multi-location enterprises. Its diversified customer base includes:
- Retail and Specialty Sectors: Big box stores, grocery chains, and other retailers that generate significant waste streams.
- Automotive and Transportation Industries: Automotive maintenance facilities, quick lube centers, dealership service centers, and fleet operators that require efficient disposal of oil, grease, and related wastes.
- Industrial and Manufacturing Facilities: Manufacturing plants and industrial operations that need to dispose of metals, grease, oils, and other byproducts in a safe and regulatory-compliant manner.
- Commercial and Multi-Family Properties: Commercial real estate and multi-family properties that benefit from integrated waste disposal and recycling strategies.
- Food and Restaurant Sectors: Restaurant chains and food operations that manage organic waste, cooking oils, and expired products as part of their sustainability efforts.
- Construction and Demolition: Projects that require the diversion of construction waste from landfills.
This client-driven approach emphasizes building long-term partnerships where Quest Resource’s dedicated team develops tailored programs that reflect each client’s unique waste stream profile and sustainability objectives.
Operational Excellence and Technological Integration
Enhancing operational efficiency through technological integration is a key differentiator for Quest Resource. The company continually invests in advanced IT systems to optimize the tracking, processing, and reporting of waste management activities. This technological edge provides clients with transparent data insights that facilitate decision making and help streamline their operational processes. Furthermore, its expertise in integrating acquired services and processes into a unified platform underscores the company’s commitment to efficiency and innovation.
Sustainability and Environmental Impact
Environmental stewardship is at the heart of Quest Resource’s business philosophy. The company not only offers services that minimize waste and reduce landfill dependency, but it also aids clients in sustaining regulatory compliance and achieving their own sustainability goals. By designing programs that convert waste into resources and emphasizing reuse and recycling, Quest Resource significantly contributes to reducing environmental footprints and enhancing resource recovery. Its detailed reporting provides a measurable means to monitor sustainability outcomes, thereby reinforcing its value as a strategic partner for enterprises looking to balance operational objectives with environmental responsibilities.
Strategic Differentiation in a Competitive Landscape
In an industry marked by stringent regulatory requirements and evolving market needs, Quest Resource distinguishes itself through its comprehensive, client-specific approach. Unlike generic waste disposal services, the company delivers integrated solutions that encapsulate not only operational efficiency but also detailed sustainability tracking and reporting. This targeted approach allows it to serve diverse industries while continuously adapting to service challenges and evolving market dynamics. The company’s methodological focus on efficiency gains, technology-enabled data analytics, and sustainability program development exemplifies its expertise and commitment to excellence.
Commitment to Expertise, Experience, Authoritativeness, and Trust
Quest Resource’s long-standing reputation is built on a foundation of deep industry expertise and practical experience. Its service model is backed by a team of professionals who understand the complexities of waste management and recycling services, ensuring that each client receives a fully integrated solution that is both operationally sound and environmentally responsible. The transparent methodologies used for waste tracking and reporting, coupled with its robust sustainability programs, underscore the company’s authoritative role within the industry. Clients and stakeholders alike value the clear, unbiased information and reliable performance that are synonymous with Quest Resource.
Conclusion
Overall, Quest Resource Holding Corporation positions itself as a comprehensive provider of waste management, recycling, and sustainability solutions. By combining tailored service execution with innovative technological integration and a deep commitment to environmental stewardship, the company constructs a unique value proposition that addresses the multifaceted needs of its diverse client base. The company’s methodical approach, solid operational framework, and commitment to sustainable practices provide a reliable blueprint for efficient waste management tailored to the specific requirements of each business it serves.
Quest Resource Holding (QRHC) has announced the sale of its tenant-direct portion of the RWS commercial property management business to Lincoln Waste Solutions, a Reconomy company. The transaction, completed on March 31, 2025, involves approximately $5 million in cash paid at closing, with potential additional payments up to $6.5 million based on future performance.
The strategic divestment allows Quest to focus on its core portfolio of clients across diverse industries, which offer greater growth potential and financial returns. The company plans to use the proceeds to reduce debt and improve operating efficiencies. The sale eliminates a business segment that had contributed to inconsistent financial performance without generating profits.
Quest Resource Holding (Nasdaq: QRHC) has announced significant executive changes, with Perry W. Moss appointed as the new CEO, effective immediately. Moss, who joined Quest in July 2023 and served as Chief Revenue Officer, brings over 30 years of industry experience. S. Ray Hatch is retiring as CEO after nine years but will remain on the Board of Directors.
The company has also hired Nick Ober as Senior Vice President of Operations, formerly of RXO and Republic Services. Ober will help lead a new Operational Excellence Initiative focused on implementing technology-enabled processes.
Under Moss's leadership since joining Quest, the company has achieved record new client wins and enhanced revenue generation capabilities through implementing metric-driven sales management processes. The company aims to accelerate performance, efficiency, and profitability while improving customer experience and expanding margins.
Quest Resource Holding (QRHC) reported its Q4 and fiscal year 2024 results, with Q4 revenue increasing 0.9% to $70.0 million and full-year revenue up 0.1% to $288.5 million. The company faced challenges with Q4 gross profit declining 6.7% to $10.7 million and margins dropping to 15.3% from 16.6% year-over-year.
Notable developments include a debt refinancing that will reduce annual interest expense by $1 million, the addition of eight new major customers, and five expansion agreements with existing clients. The company recorded a Q4 GAAP net loss of $(0.46) per share, impacted by a $5.5 million non-cash impairment loss related to the anticipated sale of RWS's mall business.
Strategic changes include appointing Perry Moss as CEO, implementing a 15% headcount reduction expected to save $3.0 million annually in SG&A costs, and launching an Operational Excellence Initiative to improve efficiency and profitability.
Quest Resource Holding (NASDAQ: QRHC), a national leader in environmental waste and recycling services, has scheduled its fourth quarter and fiscal year 2024 financial results release for March 12, 2025, after market close.
The company will host a conference call the same day at 5:00 PM ET to discuss financial results and business outlook. Investors can participate via phone (1-800-717-1738 or 1-646-307-1865) or through a listen-only webcast on Quest's investor relations website.
A replay will be available by phone (1-844-512-2921 U.S., 1-412-317-6671 international) with passcode 1156718, approximately 3 hours after the conference until March 26, 2025.
Quest Resource Holding (QRHC) has successfully completed its debt refinancing process with Monroe Capital Management Advisors and PNC Bank. The new terms include a $54 million term loan from Monroe with maturity extended to June 2030 and a reduced interest rate of SOFR plus 450-550 basis points. PNC Bank increased the revolver commitment from $35 million to $45 million with maturity extended to December 2029.
The refinancing will decrease the company's blended interest rate margin by approximately 150 basis points, resulting in annual interest expense savings of about $1 million. The improved terms reflect Quest's strong credit profile and will enhance financial flexibility to support long-term organic growth and M&A strategies.
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.
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