Quest Resource Stock Price, News & Analysis

Quest Resource Holding (QRHC) has announced the sale of its tenant-direct portion of the RWS commercial property management business to Lincoln Waste Solutions, a Reconomy company. The transaction, completed on March 31, 2025, involves approximately $5 million in cash paid at closing, with potential additional payments up to $6.5 million based on future performance.

The strategic divestment allows Quest to focus on its core portfolio of clients across diverse industries, which offer greater growth potential and financial returns. The company plans to use the proceeds to reduce debt and improve operating efficiencies. The sale eliminates a business segment that had contributed to inconsistent financial performance without generating profits.

Quest Resource Holding (Nasdaq: QRHC) has announced significant executive changes, with Perry W. Moss appointed as the new CEO, effective immediately. Moss, who joined Quest in July 2023 and served as Chief Revenue Officer, brings over 30 years of industry experience. S. Ray Hatch is retiring as CEO after nine years but will remain on the Board of Directors.

The company has also hired Nick Ober as Senior Vice President of Operations, formerly of RXO and Republic Services. Ober will help lead a new Operational Excellence Initiative focused on implementing technology-enabled processes.

Under Moss's leadership since joining Quest, the company has achieved record new client wins and enhanced revenue generation capabilities through implementing metric-driven sales management processes. The company aims to accelerate performance, efficiency, and profitability while improving customer experience and expanding margins.

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.