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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 Corporation (NASDAQ: QRHC) reported strong financial results for the third quarter of 2022, with revenue reaching $73.4 million, a 96.3% increase from the previous year. Gross profit rose by 77.8% to $12.2 million, while Adjusted EBITDA surged by 56.9% to $3.8 million. However, the company recorded a GAAP net loss of $(1.7) million, or $(0.09) per share, contrasting with a profit of $386,000 in Q3 2021. Year-to-date revenue stands at $221.8 million, reflecting a 102.9% increase year-over-year.
Quest Resource Holding Corporation (Nasdaq: QRHC) will be represented by CEO Ray Hatch and CFO Brett Johnston at the Southwest IDEAS Investor Conference on November 16, 2022, at the Westin Dallas Downtown. Their presentation is set to commence at 1:30 am CST and will be available via webcast on the conference's website and Quest's investor relations page. The IDEAS Conferences aim to connect high-quality companies with investors, providing a platform sponsored by investment professionals to enhance regional investment communities.
Quest Resource Holding Corporation (NASDAQ: QRHC) will release its third quarter results for the period ending September 30, 2022, on November 14, 2022, after market close. The company's leadership, including CEO Ray Hatch, will host a conference call at 5:00 PM ET on the same day to discuss financial results and future outlook. Interested investors can join via telephone or through a webcast available on Quest's investor relations page. The archived webcast will be accessible for 90 days, providing insights into the company's performance and strategic direction.
Quest Resource Holding Corporation (NASDAQ: QRHC) announced the appointment of Brett Johnston as Senior Vice President and Chief Financial Officer, effective November 1, 2022. Johnston has nearly 20 years of experience, primarily at Arcosa, where he led financial strategy and M&A initiatives. CEO Ray Hatch highlighted Johnston's extensive financial and strategic experience as crucial for maintaining Quest's service leadership and profitability. Johnston is enthusiastic about contributing to Quest's growth and sustainability initiatives, leveraging the company's asset-light business model and national platform.
Quest Resource Holding Corporation (NASDAQ: QRHC) reported significant financial growth for the second quarter ended June 30, 2022. Revenue surged to $76.9 million, a 108.7% increase year-over-year. Gross profit also saw a remarkable rise, reaching $14.7 million (up 115.4%). Though GAAP net income per diluted share was $0.05 compared to $0.03 in Q2 2021, year-to-date GAAP net loss stood at $(0.05). Adjusted EBITDA for the quarter was $6.6 million, reflecting a 161.3% increase. The company continues to focus on operational efficiencies and expects ongoing growth from acquisitions.
Quest Resource Holding Corporation (Nasdaq: QRHC) will present at the Midwest IDEAS Investor Conference on August 25, 2022, at 12:45 CT in Chicago, IL. CEO Ray Hatch will lead the presentation, which can also be accessed via webcast. The IDEAS conferences aim to connect quality companies with investment professionals in a regional setting, featuring sponsors with over $200 billion in assets. Quest specializes in waste and recycling services, providing tailored solutions to enhance environmental and sustainability outcomes for businesses.
Quest Resource Holding Corporation (NASDAQ: QRHC) will release its second quarter financial results for the period ended June 30, 2022, on August 15, 2022, after market close. Following the release, a conference call hosted by CEO Ray Hatch and CFO Laurie Latham will take place at 5:00 PM ET on the same day. Investors can participate via telephone or through a webcast available on the company's investor relations website. The replay of the call will be accessible for 14 days post-event.
Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch and CFO Laurie Latham will present at the virtual East Coast IDEAS Investor Conference on June 22, 2022. The presentation will be available from 6:00 am ET and can be accessed through the conference site or the investor relations section of Quest's website. IDEAS Conferences aim to facilitate quality company presentations to investment professionals, supporting regional investment communities. The event is sponsored by various investment firms managing over $200 billion in assets.
Quest Resource Holding Corporation (NASDAQ: QRHC) reported its first quarter 2022 results, showcasing a remarkable 103.8% increase in revenue to $71.5 million compared to Q1 2021. Gross profit surged by 74.7% to $11.2 million. However, the company faced a net loss of $0.11 per share, a decline from a net income of $0.06 per share in the previous year. Adjusted EBITDA rose by 42.2% to $3.7 million, while adjusted net income per diluted share decreased to $0.06 from $0.07. The company highlights ongoing demand for sustainable solutions and plans for future growth through customer expansion and technology investments.
Quest Resource Holding Corporation (NASDAQ: QRHC) announced its first-quarter results for the period ending March 31, 2022, will be released on May 16, 2022, post-market. The subsequent conference call, set for 5:00 PM ET, will include insights from Ray Hatch, CEO, and Laurie Latham, CFO. Investors can participate via phone or listen to the webcast. Quest specializes in waste and recycling services aimed at helping businesses meet sustainability goals, providing tailored solutions and actionable data.
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