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Quest Resource Holding Corporation - QRHC STOCK NEWS

Welcome to our dedicated page for Quest Resource Holding Corporation news (Ticker: QRHC), a resource for investors and traders seeking the latest updates and insights on Quest Resource Holding Corporation stock.

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.

News

Quest Resource Holding Corporation Announces Continued Strong Business Momentum and First Quarter 2024 Earnings and Conference Call Date

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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.
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Quest Announces Agreement with United Natural Foods, Inc to Help Accelerate the Client’s Operational and Sustainability Goals

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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.
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Quest Resource Holding Corporation Extends Debt Maturities Enhancing Financial Flexibility

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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.
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Quest Resource Holding Corporation Reports Fourth Quarter and Fiscal Year 2023 Financial Results

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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.
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Quest Resource Holding Corporation to Report Fourth Quarter and Fiscal Year 2023 Financial Results and Host Earnings Call on March 12, 2024

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Quest Resource Holding Corporation (QRHC) to Release Q4 and Fiscal Year 2023 Results on March 12, 2024
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Quest Resource Holding Corporation Achieves 96% Food Waste Diversion Using Newly Patented Quest Proganics®

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Quest Resource Holding Corporation (QRHC) announced U.S. patent approval of Quest Proganics®, a unique-to-the-market process that enables companies to achieve organic waste diversion rates of up to 96%. The solution has been integrated across a grocery chain of more than 60 stores, resulting in doubling the volume of food waste collected and recycled, and cutting emission levels in half. This has led to Quest winning the 2023 award for Top Waste Management Company by Food and Beverage Technology Review. The cost-effective process uses single-bin collection to handle all organic material and circular solutions to divert 96% of waste away from landfills. The program also helps reduce solid waste spend by 50-60%, improve store safety and cleanliness, and requires nominal employee training.
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Quest Resource Holding Corporation Reports Third Quarter 2023 Financial Results

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Quest Resource Holding Corporation (NASDAQ: QRHC) Announces Third Quarter 2023 Financial Results Showing Slight Decrease in Revenue but Increased Gross Profit. The company experienced a decrease in revenue but an increase in gross profit for the third quarter of 2023 compared to the same period in 2022. Despite a decrease in adjusted net income per diluted share, the company's President and CEO is optimistic about the future, expecting a noticeable uptick in opportunities and a strong end to the year.
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Quest Resource Holding Corporation to Present and Host 1x1 Investor Meetings at the 15th Annual Southwest IDEAS Investor Conference on November 15th & 16th in Dallas, TX

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Quest Resource Holding Corporation (Nasdaq: QRHC) announced that its CEO and CFO will present at the Southwest IDEAS Investor Conference on November 16, 2023, in Dallas, TX. The presentation will be webcast and can be accessed through the conference host’s website and the company's investor relations section.
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Quest Resource Holding Corporation to Report Third Quarter 2023 Financial Results and Host Earnings Call on November 14, 2023

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Quest Resource Holding Corporation (NASDAQ: QRHC) will release its third-quarter results on November 14, 2023, after market close. A conference call will be hosted by the President and CEO, Ray Hatch, and CFO, Brett Johnston, at 5:00 PM ET on the same day to discuss the financial results and business outlook. Investors can access the call through dial-in or online webcast. The webcast will be archived on Quest's investor relations website for 90 days.
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Quest Resource Holding Corporation Reports Second Quarter 2023 Financial Results

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Quest Resource Holding Corporation (NASDAQ: QRHC) announced financial results for Q2 2023. Revenue was $74.5 million, a 3.1% decrease YoY. Gross profit was $13.5 million, a 7.9% decrease YoY but a 6.9% increase sequentially. Gross margin was 18.1% of revenue. Adjusted EBITDA was $5.0 million, a decrease from $6.6 million in Q2 2022. Year-to-date revenue was $148.6 million, a 0.1% increase YoY. Gross profit was $26.1 million, a 0.8% increase YoY. GAAP net loss per diluted share was $(0.15).
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FAQ

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

The current stock price of Quest Resource Holding Corporation (QRHC) is $6.805 as of November 15, 2024.

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

The market cap of Quest Resource Holding Corporation (QRHC) is approximately 139.0M.

What services does Quest Resource Holding Corporation provide?

Quest offers waste and recycling services, including disposal and recycling of used motor oil, scrap tires, solid waste, and more. They also provide sustainability programs and landfill diversion services.

Which industries does Quest Resource Holding Corporation serve?

Quest serves various industries, including large retailers, automotive service providers, transportation and logistics, manufacturing, multi-family and commercial properties, restaurants, and construction projects.

What recent achievements has Quest Resource Holding Corporation made?

Quest has shown strong sequential growth in gross profit and adjusted EBITDA, added new business, improved efficiencies, and made significant progress with acquisition integrations in recent quarters.

What is Quest Resource Holding Corporation's focus in sustainability?

Quest focuses on providing sustainability programs, including strategic planning, policy writing, LEED certification, life cycle assessment, and building commissioning to help clients achieve environmental goals.

How does Quest Resource Holding Corporation tailor its services to clients?

Quest creates customer-specific programs for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables to meet the unique needs of each client.

What financial measures does Quest Resource Holding Corporation use to assess performance?

Quest uses non-GAAP financial measures like Adjusted EBITDA and Adjusted Net Income, alongside GAAP measures, to provide a better understanding of performance trends.

Where can I find more information about Quest Resource Holding Corporation's financial results?

Financial results and other investor information are available on Quest's investor relations website at https://investors.qrhc.com.

What are Quest Resource Holding Corporation's future growth plans?

Quest plans to continue building operational efficiencies, expanding client relationships, and investing in technology and talent to pursue growth opportunities in existing and new markets.

How has Quest Resource Holding Corporation performed in 2024?

In the first quarter of 2024, Quest achieved record new client wins, double-digit growth in gross profit, and adjusted EBITDA over $5.0 million, reflecting strategic business expansion.

How can I participate in Quest Resource Holding Corporation's earnings calls?

Details on participating in earnings calls and webcasts are available on Quest’s investor relations website. Replays of the webcasts are archived for 90 days.

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Quest Resource Holding Corporation

Nasdaq:QRHC

QRHC Rankings

#4121 Ranked by Market Cap
N/A Ranked by Dividends

QRHC Stock Data

139.02M
20.59M
27.77%
43.16%
1.31%
Waste Management
Refuse Systems
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United States of America
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