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Quest Resource - QRHC STOCK NEWS

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

Overview of Quest Resource Holding Corporation

Quest Resource Holding Corporation is a nationally recognized provider of integrated waste management and recycling services that are intricately designed to address the complex waste disposal needs of large, multi-location businesses. With a core focus on waste management, recycling services, and environmental solutions, Quest Resource delivers customer-specific programs that streamline operations and enhance sustainability efforts across various industry sectors. The company leverages its deep experience and technical expertise to develop innovative solutions for the collection, processing, recycling, disposal, and tracking of diverse waste streams.

Comprehensive Service Portfolio

At its core, Quest Resource provides a comprehensive suite of services that are aimed at optimizing waste management for its clients. The service portfolio encompasses:

  • Recycling and Reuse Solutions: Customized programs for the collection and processing of recyclables, such as metals, scrap tires, and used motor oil.
  • Disposal Services: Environmentally responsible disposal and landfill diversion services that reduce environmental impact.
  • Sustainability Programs: Strategic planning, policy formulation, LEED certification, life cycle assessments, and building commissioning that enable clients to meet their environmental and regulatory responsibilities.
  • Data and Reporting: Detailed reporting systems that track the environmental results of waste management services to provide actionable insights aimed at operational improvement.

These offerings are organized into single-source, client-specific solutions that not only ensure regulatory compliance but also generate quantifiable business outcomes, thereby reinforcing the company’s role as a trusted partner in securing operational efficiencies and sustainability milestones.

Market Position and Customer Focus

Quest Resource has established its market presence by focusing on larger, multi-location enterprises. Its diversified customer base includes:

  • Retail and Specialty Sectors: Big box stores, grocery chains, and other retailers that generate significant waste streams.
  • Automotive and Transportation Industries: Automotive maintenance facilities, quick lube centers, dealership service centers, and fleet operators that require efficient disposal of oil, grease, and related wastes.
  • Industrial and Manufacturing Facilities: Manufacturing plants and industrial operations that need to dispose of metals, grease, oils, and other byproducts in a safe and regulatory-compliant manner.
  • Commercial and Multi-Family Properties: Commercial real estate and multi-family properties that benefit from integrated waste disposal and recycling strategies.
  • Food and Restaurant Sectors: Restaurant chains and food operations that manage organic waste, cooking oils, and expired products as part of their sustainability efforts.
  • Construction and Demolition: Projects that require the diversion of construction waste from landfills.

This client-driven approach emphasizes building long-term partnerships where Quest Resource’s dedicated team develops tailored programs that reflect each client’s unique waste stream profile and sustainability objectives.

Operational Excellence and Technological Integration

Enhancing operational efficiency through technological integration is a key differentiator for Quest Resource. The company continually invests in advanced IT systems to optimize the tracking, processing, and reporting of waste management activities. This technological edge provides clients with transparent data insights that facilitate decision making and help streamline their operational processes. Furthermore, its expertise in integrating acquired services and processes into a unified platform underscores the company’s commitment to efficiency and innovation.

Sustainability and Environmental Impact

Environmental stewardship is at the heart of Quest Resource’s business philosophy. The company not only offers services that minimize waste and reduce landfill dependency, but it also aids clients in sustaining regulatory compliance and achieving their own sustainability goals. By designing programs that convert waste into resources and emphasizing reuse and recycling, Quest Resource significantly contributes to reducing environmental footprints and enhancing resource recovery. Its detailed reporting provides a measurable means to monitor sustainability outcomes, thereby reinforcing its value as a strategic partner for enterprises looking to balance operational objectives with environmental responsibilities.

Strategic Differentiation in a Competitive Landscape

In an industry marked by stringent regulatory requirements and evolving market needs, Quest Resource distinguishes itself through its comprehensive, client-specific approach. Unlike generic waste disposal services, the company delivers integrated solutions that encapsulate not only operational efficiency but also detailed sustainability tracking and reporting. This targeted approach allows it to serve diverse industries while continuously adapting to service challenges and evolving market dynamics. The company’s methodological focus on efficiency gains, technology-enabled data analytics, and sustainability program development exemplifies its expertise and commitment to excellence.

Commitment to Expertise, Experience, Authoritativeness, and Trust

Quest Resource’s long-standing reputation is built on a foundation of deep industry expertise and practical experience. Its service model is backed by a team of professionals who understand the complexities of waste management and recycling services, ensuring that each client receives a fully integrated solution that is both operationally sound and environmentally responsible. The transparent methodologies used for waste tracking and reporting, coupled with its robust sustainability programs, underscore the company’s authoritative role within the industry. Clients and stakeholders alike value the clear, unbiased information and reliable performance that are synonymous with Quest Resource.

Conclusion

Overall, Quest Resource Holding Corporation positions itself as a comprehensive provider of waste management, recycling, and sustainability solutions. By combining tailored service execution with innovative technological integration and a deep commitment to environmental stewardship, the company constructs a unique value proposition that addresses the multifaceted needs of its diverse client base. The company’s methodical approach, solid operational framework, and commitment to sustainable practices provide a reliable blueprint for efficient waste management tailored to the specific requirements of each business it serves.

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.
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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 (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 (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 (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 (QRHC)?

The current stock price of Quest Resource (QRHC) is $2.82 as of March 21, 2025.

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

The market cap of Quest Resource (QRHC) is approximately 60.6M.

What primary services does Quest Resource provide?

Quest Resource offers integrated waste management and recycling services including collection, processing, recycling, disposal, and landfill diversion. The company also provides sustainability programs like LEED certification and life cycle assessments.

Which industries are served by Quest Resource?

They serve a broad range of industries including big box and specialty retailers, automotive maintenance and fleet operations, manufacturing and industrial facilities, commercial and multi-family properties, and food service establishments.

How does Quest Resource support its clients' sustainability goals?

The company provides comprehensive sustainability programs that include strategic planning, policy development, LEED certification, and detailed environmental reporting, which help clients track and achieve their sustainability targets.

What sets Quest Resource apart from other waste management companies?

Quest Resource distinguishes itself with client-specific, integrated solutions, advanced technology for tracking environmental data, and comprehensive service offerings that manage complex waste streams across multiple industries.

How does technology play a role in Quest Resource's operations?

Technology is integral to their operations, enabling efficient tracking, processing, and reporting of waste management activities. This integration ensures transparency, streamlined operations, and improved overall efficiency.

How does Quest Resource ensure regulatory compliance for its clients?

By providing tailored waste disposal and recycling services and detailed reporting, Quest Resource helps clients maintain compliance with environmental regulations while achieving operational efficiencies.

What type of waste streams does Quest Resource manage?

The company handles a variety of waste streams including used motor oil, oil filters, scrap tires, solid waste, metals, grease, cooking oil, food waste, and expired food products, among others.

How does Quest Resource measure the effectiveness of its services?

They measure effectiveness through comprehensive data tracking and detailed environmental reporting, which quantifies the impact of their recycling, reuse, and disposal services on both operational performance and sustainability outcomes.
Quest Resource

Nasdaq:QRHC

QRHC Rankings

QRHC Stock Data

60.58M
14.58M
28.06%
47.87%
1.76%
Waste Management
Refuse Systems
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United States
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