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.
Quest Resource Holding Corporation (NASDAQ: QRHC) is described in its public communications as a national leader in environmental waste and recycling services for larger, multi-location businesses. The QRHC news page on Stock Titan aggregates company-issued announcements, financial updates, and other coverage so readers can follow how Quest’s waste and recycling programs, sustainability focus, and corporate initiatives are evolving over time.
News about Quest commonly includes quarterly and annual financial results, where the company reports revenue, gross profit, net loss, and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income (Loss). These releases often discuss factors affecting performance, such as changes in client activity, operational initiatives, and portfolio adjustments, and they outline management’s commentary on business trends and priorities.
Quest’s releases also highlight strategic and operational developments, including the sale of a non-core portion of a commercial property management business, reductions in headcount, and programs described as Operational Excellence initiatives. Other news items cover executive leadership changes, such as the appointment of a new Chief Executive Officer and additions to the operations leadership team, as well as new client wins and expansions of services with existing customers.
Investors and observers can use the QRHC news feed to review announcements about earnings conference calls, debt refinancing, operational efficiency efforts, and actions intended to support clients’ environmental and sustainability goals. For anyone tracking QRHC stock or the company’s role in environmental waste and recycling services, this page offers a centralized view of Quest’s official updates and related market coverage.
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.
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/.