STOCK TITAN

Quest Resource - QRHC STOCK NEWS

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.

Rhea-AI Summary

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/.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.7%
Tags
conferences earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
management
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
conferences
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.87%
Tags
-
Rhea-AI Summary
Quest Resource Holding (NASDAQ: QRHC) announces continued strong business momentum with new client wins and details of its first quarter 2024 earnings release date. The company added six new customers, including UNFI, and secured a significant client win expected to generate eight figures in annual revenue. Quest anticipates sustained double-digit growth in 2024 and beyond. The earnings conference call is scheduled for May 9, 2024, at 5:00 PM ET, hosted by President and CEO S. Ray Hatch and CFO Brett Johnston.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
Rhea-AI Summary
Quest Resource Holding (NASDAQ: QRHC) has announced a partnership with United Natural Foods, Inc. (UNFI) to provide waste, recycling, and food waste diversion services to UNFI's U.S. and Canada facilities. The agreement aims to help UNFI achieve its waste diversion goals by delivering operational improvements, cost-efficiencies, and enhanced service. Quest's solutions, including patented Quest Proganics®, have historically achieved up to 96% diversion rates for organic waste, supporting clients in their ESG and sustainability initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
none
-
Rhea-AI Summary
Quest Resource Holding (NASDAQ: QRHC) has extended the maturity dates for its credit facilities with Monroe Capital Management Advisors, and PNC Bank, NA. The Monroe Credit Agreement now expires on October 19, 2026, and the PNC Credit Agreement on April 19, 2026. The PNC Credit Agreement has been amended to increase Revolving Credit Commitments, adjust interest rates, and provide for an equipment term loan of up to $5 million. The extensions aim to enhance financial flexibility and support future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
none
-
Rhea-AI Summary
Quest Resource Holding Corporation (NASDAQ: QRHC) announced strong financial results for the fourth quarter and fiscal year ended December 31, 2023. Revenue growth, client renewals, and pipeline growth indicate accelerated momentum. The company completed integrations of all acquisitions, onboarded all clients onto its platform, and invested in technology for efficiency and expansion. Despite a slight decrease in gross margin, adjusted EBITDA and net income showed improvement. Quest achieved significant milestones in 2023, including securing new clients, adding vendors and service lines, and receiving a U.S. patent for Quest Proganics®. The company is focusing on debt reduction and long-term growth, with plans to evaluate long-term debt alternatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
Rhea-AI Summary
Quest Resource Holding Corporation (QRHC) to Release Q4 and Fiscal Year 2023 Results on March 12, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
conferences earnings

FAQ

What is the current stock price of Quest Resource (QRHC)?

The current stock price of Quest Resource (QRHC) is $2.68 as of March 13, 2025.

What is the market cap of Quest Resource (QRHC)?

The market cap of Quest Resource (QRHC) is approximately 66.5M.

What primary services does Quest Resource provide?

Quest Resource offers integrated waste management and recycling services including collection, processing, recycling, disposal, and landfill diversion. The company also provides sustainability programs like LEED certification and life cycle assessments.

Which industries are served by Quest Resource?

They serve a broad range of industries including big box and specialty retailers, automotive maintenance and fleet operations, manufacturing and industrial facilities, commercial and multi-family properties, and food service establishments.

How does Quest Resource support its clients' sustainability goals?

The company provides comprehensive sustainability programs that include strategic planning, policy development, LEED certification, and detailed environmental reporting, which help clients track and achieve their sustainability targets.

What sets Quest Resource apart from other waste management companies?

Quest Resource distinguishes itself with client-specific, integrated solutions, advanced technology for tracking environmental data, and comprehensive service offerings that manage complex waste streams across multiple industries.

How does technology play a role in Quest Resource's operations?

Technology is integral to their operations, enabling efficient tracking, processing, and reporting of waste management activities. This integration ensures transparency, streamlined operations, and improved overall efficiency.

How does Quest Resource ensure regulatory compliance for its clients?

By providing tailored waste disposal and recycling services and detailed reporting, Quest Resource helps clients maintain compliance with environmental regulations while achieving operational efficiencies.

What type of waste streams does Quest Resource manage?

The company handles a variety of waste streams including used motor oil, oil filters, scrap tires, solid waste, metals, grease, cooking oil, food waste, and expired food products, among others.

How does Quest Resource measure the effectiveness of its services?

They measure effectiveness through comprehensive data tracking and detailed environmental reporting, which quantifies the impact of their recycling, reuse, and disposal services on both operational performance and sustainability outcomes.
Quest Resource

Nasdaq:QRHC

QRHC Rankings

QRHC Stock Data

66.54M
14.82M
27.86%
44.14%
1.35%
Waste Management
Refuse Systems
Link
United States
THE COLONY