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.
Quest Resource Holding Corporation (NASDAQ: QRHC) is described in its public communications as a national leader in environmental waste and recycling services for larger, multi-location businesses. The QRHC news page on Stock Titan aggregates company-issued announcements, financial updates, and other coverage so readers can follow how Quest’s waste and recycling programs, sustainability focus, and corporate initiatives are evolving over time.
News about Quest commonly includes quarterly and annual financial results, where the company reports revenue, gross profit, net loss, and non-GAAP measures such as Adjusted EBITDA and Adjusted Net Income (Loss). These releases often discuss factors affecting performance, such as changes in client activity, operational initiatives, and portfolio adjustments, and they outline management’s commentary on business trends and priorities.
Quest’s releases also highlight strategic and operational developments, including the sale of a non-core portion of a commercial property management business, reductions in headcount, and programs described as Operational Excellence initiatives. Other news items cover executive leadership changes, such as the appointment of a new Chief Executive Officer and additions to the operations leadership team, as well as new client wins and expansions of services with existing customers.
Investors and observers can use the QRHC news feed to review announcements about earnings conference calls, debt refinancing, operational efficiency efforts, and actions intended to support clients’ environmental and sustainability goals. For anyone tracking QRHC stock or the company’s role in environmental waste and recycling services, this page offers a centralized view of Quest’s official updates and related market coverage.
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.
Quest Resource Holding Corporation (NASDAQ: QRHC) announces the upcoming retirement of Chief Financial Officer Laurie L. Latham after nearly ten years. Latham will remain until August 31, 2022, to ensure a smooth transition, with a search committee led by Glenn Culpepper already convened to find her successor. Latham contributed significantly to the company’s growth, overseeing six acquisitions and managing successful refinancing during challenging times. CEO S. Ray Hatch expressed gratitude for her leadership, highlighting her positive impact on the company's operations.
Quest Resource Holding Corporation (NASDAQ: QRHC) announced robust financial results for Q4 and the year ending December 31, 2021. Q4 revenue soared to $46.4 million, marking a 67.7% increase year-over-year. Gross profit also improved to $8.7 million, up 56.2%. However, the company reported a GAAP net loss per share of ($0.03), contrasting with a net income of $0.01 in Q4 2020. For the year, revenue reached $155.7 million (+57.8%), with adjusted EBITDA rising to $10.9 million (+144.3%), showing significant operational improvements despite the net loss.
Quest Resource Holding Corporation (Nasdaq: QRHC) reported preliminary unaudited financial results for Q4 2021, forecasting revenue of approximately $46 million, reflecting over 65% year-over-year growth. Preliminary gross profit is expected to be around $8.7 million, marking more than 55% growth compared to Q4 2020. The company anticipates a net loss of approximately $550,000, attributed to acquisition costs. Adjusted EBITDA is projected at about $3.2 million, showcasing a growth of over 79%. The full financial results will be discussed in an earnings call on March 17, 2022.
Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch will participate in two major investor conferences in Q1 2022. The events include the 34th Annual Roth Conference on March 14 and the Gabelli Funds 8th Annual Waste & Environmental Services Symposium on March 31. Live audio webcasts and replays will be accessible on the company’s investor relations website. Quest specializes in providing environmental waste and recycling services, supporting businesses in achieving sustainability goals through tailored solutions.
Quest Resource Holding Corporation (Nasdaq: QRHC) has acquired an independent environmental services company in the northeastern U.S. for $3.35 million in cash. The acquisition is anticipated to be accretive on a free cash flow per share basis and is expected to generate annual net operating income of $0.6 million. This strategic move enhances Quest's presence in the commercial real estate market, strengthening long-term relationships with major clients averaging over 7 years. The company aims to provide broader service capabilities and increase value for its client base.
Atar Capital has reached a definitive agreement to sell RWS Facility Services to Quest Resource Holding Corporation (NASDAQ: QRHC), a leader in environmental waste and recycling services. RWS, headquartered in Chadds Ford, Pennsylvania, offers managed solutions for waste management and recycling, serving blue-chip clients across various sectors. Under Atar's ownership since September 2017, RWS has seen growth in revenue and profitability, enhancing its service offerings and customer base. The sale marks a strategic move for Quest to expand its capabilities in facility management services.
Quest Resource Holding Corporation (Nasdaq: QRHC) has acquired two waste services businesses, RWS Facility Services and InStream Environmental, for approximately $44 million. These acquisitions are projected to boost annual revenue and adjusted EBITDA by over 50%. The deal aims to enhance Quest's presence in the industrial and commercial property management sectors. Additionally, Quest has amended its credit facilities to $75 million, reducing borrowing costs significantly. CEO S. Ray Hatch emphasized the strategic importance of customer loyalty and growth through these transactions.