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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Quest Resource Holding Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Quest Resource Holding Corporation's position in the market.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.78%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
News
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.58%
Tags
-
Rhea-AI Summary
Quest Resource Holding Corporation (QRHC) to Release Q4 and Fiscal Year 2023 Results on March 12, 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.27%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.46%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.38%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
Rhea-AI Summary
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).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.58%
Tags
Quest Resource Holding Corporation
Nasdaq:QRHC
QRHC Rankings
QRHC Stock Data
213.82M
11.58M
28.24%
37.64%
0.1%
Consumer Electronics and Appliances Rental
Real Estate and Rental and Leasing
United States of America
THE COLONY
About QRHC
quest resource holding corporation, through its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the united states. it offers disposal and recycling services for used motor oil, oil filters, scrap tires, solid waste, metals, grease, cooking oil, food waste, and expired food products. the company also provides landfill diversion services. it offers sustainability programs, including strategic planning, writing policies and procedures, leed certification, life cycle assessment, and building commissioning. the company's services focus on the waste streams and recyclables from big box, food chain, and other retailers; automotive maintenance, quick lube, dealerships, and collision repair; transportation, logistics, and internal fleet operators; manufacturing plants; multi-family and commercial properties; restaurant chains and food operations; and construction and demolition projects. quest resource holding corporation marke