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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 a 20.5% revenue increase to $27.7 million for Q4 2020 compared to Q4 2019. Gross profit rose 19.7% to $5.6 million, with a gross margin of 20.2%. Net income per share was $0.01, up from $0.00. For the year, total revenue was $98.7 million, down slightly from $99.0 million, but gross profit increased by 1.8% to $19.1 million. Adjusted EBITDA for the year grew 33.6% to $4.5 million. The company anticipates continued growth in 2021 despite ongoing COVID challenges.
Quest Resource Holding Corporation (NASDAQ: QRHC) will release its fourth quarter and fiscal year results for 2020 on March 11, 2021, after market close. A conference call will follow at 5:00 PM ET, led by CEO Ray Hatch and CFO Laurie Latham, to discuss financial results and outlook. Investors can join by phone or online. The call will be archived on Quest's investor relations website for 90 days. Quest is a leader in environmental waste and recycling services, helping businesses achieve their sustainability goals.
Quest Resource Holding Corporation (NASDAQ: QRHC) reported its Q3 2020 financial results, with revenues of $23.7 million, reflecting a 0.9% decline year-over-year. Gross profit fell 4.5% to $4.6 million, impacting gross margin, which decreased to 19.2%. Operating expenses decreased by 2.4% to $4.4 million. The company posted a net loss per share of $(0.02), while Adjusted EBITDA increased by 15.0% to $989,000. Year-to-date revenue was $71.0 million, a 6.6% decline, but net income improved to $0.04 per share.
Quest Resource Holding Corporation (QRHC) will announce its third-quarter financial results for the period ending September 30, 2020, on November 16, 2020, after market close. The company's CEO Ray Hatch and CFO Laurie Latham will host a conference call at 5:00 PM ET to discuss the results and business outlook. Investors can join the call by dialing specified numbers or accessing a live webcast via QRHC's investor relations website. An archived version of the call will be available for 90 days.
Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch and CFO Laurie Latham will participate in the Southwest IDEAS Investor Conference on November 19, 2020. Their presentation will be webcast, available from 7:00 am CST on November 18th. Attendees can access the presentation via the IDEAS conference portal or the Quest investor relations website. The IDEAS Investor Conferences aim to offer quality companies a platform to present to investment professionals, fostering regional investment communities.
Quest Resource Holding Corporation (Nasdaq: QRHC) has acquired Green Remedies Waste and Recycling for $16.2 million, enhancing its presence in the environmental services market. The transaction involves two-thirds cash and one-third in stock and notes, with potential performance-based earnouts. Green Remedies generated approximately $2.5 million in net income and $2.8 million in adjusted EBITDA for the TTM ending June 30, 2020. The acquisition is expected to increase free cash flow per share and strengthen Quest's capabilities in the multi-family housing sector.
Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch and CFO Laurie Latham will present at the Midwest IDEAS Investor Conference on August 26, 2020. Their presentation, available at 7:00 am CST, will be webcast for registered participants. The conference aims to connect quality companies with influential investment professionals, featuring sponsors with over $200 billion in assets under management. Quest specializes in environmental waste and recycling services, helping businesses achieve sustainability goals.
Quest Resource Holding Corporation (NASDAQ: QRHC) reported second-quarter financial results for 2020, revealing revenue of $22.0 million, down 13.7% year-over-year. Despite a decrease in gross profit to $4.4 million (down 7.9%), gross margin improved to 19.9%. Year-to-date revenue was $47.3 million, a 9.2% decline, while net income per share rose to $0.06, compared to a loss of $(0.01) in 2019. Adjusted EBITDA showed growth to $1.1 million for the quarter and $1.7 million year-to-date. The company enhanced its balance sheet and raised equity to support acquisitions amid current challenges.
Quest Resource Holding Corporation (NASDAQ: QRHC) has announced a registered direct offering of its common stock aimed at financing future acquisitions and general corporate purposes. The offering will support its acquisition strategy, with letters of intent signed for two businesses that offer complementary services, though there are no guarantees of successful transactions. Participation from existing stockholders is anticipated, including Hampstead Park Capital Management, an affiliate of the company's chairman. A preliminary prospectus supplement will be filed with the SEC.
Quest Resource Holding Corporation (NASDAQ: QRHC) reported preliminary financial results for Q2 2020, with projected revenue between $21.4 million and $21.9 million, down from $25.4 million in Q2 2019. Gross profit is expected to be between $4.2 million and $4.3 million, compared to $4.8 million a year earlier. CEO S. Ray Hatch noted a gradual business recovery following early April’s lows. Full financial results will be disclosed on August 13, 2020, accompanied by a conference call for investors.
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