Quest Resource (QRHC)

Search documents
Quest Resource (QRHC) Reports Q1 Loss, Misses Revenue Estimates
ZACKS· 2025-05-12 22:10
Company Performance - Quest Resource reported a quarterly loss of $0.14 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.05, and compared to a loss of $0.03 per share a year ago, indicating a significant earnings surprise of -180% [1] - The company posted revenues of $68.43 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 5.63%, and down from $72.65 million in the same quarter last year [2] - Over the last four quarters, Quest Resource has not surpassed consensus EPS or revenue estimates [2] Stock Performance - Quest Resource shares have declined approximately 61.7% since the beginning of the year, contrasting with the S&P 500's decline of -3.8% [3] - The current Zacks Rank for Quest Resource is 5 (Strong Sell), indicating expectations for the stock to underperform the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $75.84 million, and for the current fiscal year, it is $0.21 on revenues of $304.77 million [7] - The trend for estimate revisions ahead of the earnings release has been unfavorable, which could impact future stock performance [6] Industry Context - The Waste Removal Services industry, to which Quest Resource belongs, is currently ranked in the bottom 30% of over 250 Zacks industries, suggesting a challenging environment for the company [8]
Quest Resource (QRHC) - 2025 Q1 - Earnings Call Transcript
2025-05-12 22:00
Quest Resource (QRHC) Q1 2025 Earnings Call May 12, 2025 05:00 PM ET Speaker0 Good day, everyone, and welcome to Quest Resource Holding Corporation First Quarter twenty twenty five Earnings Call. At this time, all participants have been placed on a listen only mode, and we will open the floor for your questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, David Mossberg, Investor Relations representative. Sir, the floor is yours. Speaker1 Thank you, Matthew ...
Quest Resource (QRHC) - 2025 Q1 - Quarterly Report
2025-05-12 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2025 WASHINGTON, D.C. 20549 Commission file number: 001-36451 FORM 10-Q Quest Resource Holding Corporation ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) Nevada 51-0665952 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 3481 Plano Parkway, Suite 100 The Colony, Texas 7505 ...
Quest Resource (QRHC) - 2025 Q1 - Quarterly Results
2025-05-12 20:00
Exhibit 99.1 Quest Resource Holding Corporation Reports First Quarter 2025 Financial Results First Quarter 2025 Financial Highlights Recent Highlights: "First quarter financial results were in-line with our expectations and indicative of the temporary increase in costs and other factors we described last quarter, but not yet reflective of the performance-focused actions we are developing and implementing to improve operating efficiencies and financial performance. Through the decisive actions of our team, w ...
Quest Resource Holding Corporation Reports First Quarter 2025 Financial Results
GlobeNewswire News Room· 2025-05-12 20:00
Operating performance in line with expectations Sale of non-core business for $5 million used to pay down debt Savings of $3 million annually through elimination of costs associated with sold non-core business, and reduction of headcount Amended agreements with existing lenders to provide additional financial flexibility Focus on performance culture, implementation of short-term initiatives, and development of long-term efficiency programs are on track THE COLONY, Texas, May 12, 2025 (GLOBE NEWSWIRE) -- Q ...
Quest Resource Holding Corporation to Report First Quarter 2025 Financial Results and Host Earnings Call on May 12, 2025
GlobeNewswire· 2025-04-29 12:00
Quest is a national provider of waste and recycling services that empower larger businesses to excel in achieving their environmental and sustainability goals and responsibilities. Quest delivers focused expertise across multiple industry sectors to build single-source, client-specific solutions that generate quantifiable business and sustainability results. Addressing a wide variety of waste streams and recyclables, Quest provides information and data that tracks and reports the environmental results of Qu ...
Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
THE COLONY, Texas, April 04, 2025 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ:QRHC) ("Quest" or the "Company"), a national leader in environmental waste and recycling services, today announced the sale of its tenant-direct portion of the RWS commercial property management business. "We have successfully completed the sale of a portion of RWS, which was a non-core line of business and a small part of our overall portfolio. The sale enables us to increase our focus on our core portfolio of ...
Quest Resource (QRHC) - 2024 Q4 - Earnings Call Transcript
2025-03-13 07:48
Financial Data and Key Metrics Changes - Revenue for Q4 2024 was $70 million, up 1% year-over-year but down 4% sequentially from Q3 [27] - Gross profit dollars decreased by 6.7% year-over-year and 8.3% sequentially, totaling $10.7 million [33] - Adjusted EBITDA for Q4 2024 would have been approximately $3.2 million, excluding non-cash adjustments [38] Business Line Data and Key Metrics Changes - New clients secured during 2024 generated approximately two-thirds of their anticipated quarterly revenue run rate during Q4 [29] - Client attrition was primarily related to the mall and shopping center sector, which the company has decided to exit [31] - The company expects to realize $15 million in net incremental revenue from new client wins achieved during 2024 [32] Market Data and Key Metrics Changes - Weak market conditions in the industrial end markets are expected to continue impacting volumes for at least the next two quarters [30] - The company noted that the relationship with industrial clients remains strong, with opportunities to add services in the long term [30] Company Strategy and Development Direction - The company is focused on reducing costs, implementing process improvements, and increasing accountability to enhance performance [12] - A new operational leadership team has been established to drive operational excellence and improve workflow efficiency [61] - The company is committed to maintaining a solid balance sheet and prioritizing capital allocation towards debt repayment [64] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that performance over the last couple of years has been unacceptable and emphasized the need for operational excellence [50] - The company expects to show both top and bottom-line growth in 2025, with improvements anticipated in the second half of the year [65] - Management is optimistic about the future, citing a robust pipeline and strong client referrals [64] Other Important Information - The company has refinanced its debt, reducing interest expenses by approximately $1 million annually [45] - An impairment loss of $5.5 million was recognized related to the sale of client contracts for the mall and shopping center portion of the business [43] Q&A Session Summary Question: Can you talk about the vendor management system and its rollout? - The vendor management program is substantially complete, with ongoing improvements and expected cost savings flowing through [71][72] Question: Is the attrition stabilizing? - Yes, most attrition was related to the mall business and M&A activity, and the company believes client stickiness remains strong [80] Question: What is the outlook for the industrial market? - The company expects challenges in the industrial market for the next couple of quarters but sees signs of optimism for a pickup in the second half of the year [78] Question: How is the sales pipeline looking? - The sales pipeline has grown significantly, and the company remains bullish on future deal flow [84] Question: What are the expected proceeds from the sale of the RWS tenant billing business? - The business is a non-contributor, and while specific proceeds cannot be disclosed yet, the sale is expected to improve operational focus [88] Question: What is the focus on M&A in the near term? - The company is focused on operational improvements and debt repayment, with M&A being a lower priority for the immediate future [126] Question: What does top and bottom-line growth in 2025 mean? - The company expects growth over 2024 figures, particularly in revenue, gross profit, and adjusted EBITDA [134]
Quest Resource (QRHC) - 2024 Q4 - Earnings Call Transcript
2025-03-13 03:19
Quest Resource Holding Corporation (NASDAQ:QRHC) Q4 2024 Earnings Conference Call March 12, 2025 5:00 PM ET Company Participants Dave Mossberg - Investor Relations Representative Dan Friedberg - Chairman Perry Moss - Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Gerry Sweeney - ROTH Capital Owen Rickert - Northland Capital Markets Greg Kitt - Pinnacle Family Office Nelson Obus - Wynnefield Capital George Melas - MKH Management Op ...
Quest Resource (QRHC) Reports Q4 Loss, Misses Revenue Estimates
ZACKS· 2025-03-12 22:10
Company Performance - Quest Resource (QRHC) reported a quarterly loss of $0.46 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.08, marking an earnings surprise of -475% [1] - The company's revenues for the quarter ended December 2024 were $69.97 million, missing the Zacks Consensus Estimate by 4.83%, and showing a slight increase from $69.34 million year-over-year [2] - Over the last four quarters, Quest Resource has surpassed consensus EPS estimates only once [2] Stock Movement and Outlook - Quest Resource shares have declined approximately 33.7% since the beginning of the year, compared to a decline of -5.3% for the S&P 500 [3] - The company's earnings outlook is mixed, with current consensus EPS estimates for the upcoming quarter at -$0.04 on revenues of $79.86 million, and for the current fiscal year at -$0.04 on revenues of $322.18 million [7] Industry Context - The Waste Removal Services industry, to which Quest Resource belongs, is currently ranked in the bottom 45% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]