Quest Resource Stock Price, News & Analysis

Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch and CFO Laurie Latham will participate in the Southwest IDEAS Investor Conference on November 19, 2020. Their presentation will be webcast, available from 7:00 am CST on November 18th. Attendees can access the presentation via the IDEAS conference portal or the Quest investor relations website. The IDEAS Investor Conferences aim to offer quality companies a platform to present to investment professionals, fostering regional investment communities.

Quest Resource Holding Corporation (Nasdaq: QRHC) has acquired Green Remedies Waste and Recycling for $16.2 million, enhancing its presence in the environmental services market. The transaction involves two-thirds cash and one-third in stock and notes, with potential performance-based earnouts. Green Remedies generated approximately $2.5 million in net income and $2.8 million in adjusted EBITDA for the TTM ending June 30, 2020. The acquisition is expected to increase free cash flow per share and strengthen Quest's capabilities in the multi-family housing sector.

Quest Resource Holding Corporation (Nasdaq: QRHC) announced that CEO Ray Hatch and CFO Laurie Latham will present at the Midwest IDEAS Investor Conference on August 26, 2020. Their presentation, available at 7:00 am CST, will be webcast for registered participants. The conference aims to connect quality companies with influential investment professionals, featuring sponsors with over $200 billion in assets under management. Quest specializes in environmental waste and recycling services, helping businesses achieve sustainability goals.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported second-quarter financial results for 2020, revealing revenue of $22.0 million, down 13.7% year-over-year. Despite a decrease in gross profit to $4.4 million (down 7.9%), gross margin improved to 19.9%. Year-to-date revenue was $47.3 million, a 9.2% decline, while net income per share rose to $0.06, compared to a loss of $(0.01) in 2019. Adjusted EBITDA showed growth to $1.1 million for the quarter and $1.7 million year-to-date. The company enhanced its balance sheet and raised equity to support acquisitions amid current challenges.

Quest Resource Holding Corporation (NASDAQ: QRHC) has announced a registered direct offering of its common stock aimed at financing future acquisitions and general corporate purposes. The offering will support its acquisition strategy, with letters of intent signed for two businesses that offer complementary services, though there are no guarantees of successful transactions. Participation from existing stockholders is anticipated, including Hampstead Park Capital Management, an affiliate of the company's chairman. A preliminary prospectus supplement will be filed with the SEC.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported preliminary financial results for Q2 2020, with projected revenue between $21.4 million and $21.9 million, down from $25.4 million in Q2 2019. Gross profit is expected to be between $4.2 million and $4.3 million, compared to $4.8 million a year earlier. CEO S. Ray Hatch noted a gradual business recovery following early April’s lows. Full financial results will be disclosed on August 13, 2020, accompanied by a conference call for investors.

Quest Resource Holding Corporation (QRHC) announces participation in the East Coast IDEAS Investor Conference on June 24, 2020. CEO Ray Hatch and CFO Laurie Latham will present at 8:00 AM central time, with the presentation available for 90 days. This event, designed for quality companies to showcase to investment professionals, emphasizes independent regional venues. IDEAS conferences are held annually in Boston, Chicago, and Dallas, promoting investment community engagement.

Quest Resource Holding Corporation (NASDAQ: QRHC) reported a 4.9% decline in revenue for Q1 2020, totaling $25.3 million. Gross profit remained steady at $4.5 million, with a gross margin increase to 17.9%. The company reported a net loss per share of $(0.02), compared to $(0.01) from Q1 2019. Adjusted EBITDA fell to $534,000 from $796,000 year-over-year. The decline was attributed to decreased production from a key customer and the onset of COVID-19, although essential business relationships were maintained.

Quest Resource Holding Corporation (QRHC) is set to announce its first-quarter financial results for the period ending March 31, 2020, on May 14, 2020, after market close. The conference call to discuss these results will take place at 5:00 PM ET the same day, led by CEO Ray Hatch and CFO Laurie Latham. Investors can participate by phone or through a live webcast. The results are expected to provide insights on the company’s financial performance in environmental reuse, recycling, and waste disposal services. Additional information will be available on the company’s investor relations website.