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Quest Resource Holding Corporation provides national waste and recycling services for larger, multi-location businesses. The company builds client-specific programs for collection, processing, recycling, disposal and tracking of waste streams and recyclables, and supplies data used to report environmental results and improve operations.
Company updates focus on quarterly earnings, industrial and non-industrial volume trends, gross profit and cash flow, new customer onboarding, wallet-share expansions with existing customers, restaurant and retail client activity, operational excellence initiatives, and debt management through repayments, credit-facility refinancing and covenant amendments.
Quest Resource Holding Corporation (Nasdaq: QRHC) will present at the Midwest IDEAS Investor Conference on August 25, 2022, at 12:45 CT in Chicago, IL. CEO Ray Hatch will lead the presentation, which can also be accessed via webcast. The IDEAS conferences aim to connect quality companies with investment professionals in a regional setting, featuring sponsors with over $200 billion in assets. Quest specializes in waste and recycling services, providing tailored solutions to enhance environmental and sustainability outcomes for businesses.
Quest Resource Holding Corporation (NASDAQ: QRHC) will release its second quarter financial results for the period ended June 30, 2022, on August 15, 2022, after market close. Following the release, a conference call hosted by CEO Ray Hatch and CFO Laurie Latham will take place at 5:00 PM ET on the same day. Investors can participate via telephone or through a webcast available on the company's investor relations website. The replay of the call will be accessible for 14 days post-event.
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.