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Quest Resource (QRHC) - 2023 Q3 - Earnings Call Transcript
2023-11-15 01:29
Quest Resource Holding Corporation (NASDAQ:QRHC) Q3 2023 Earnings Conference Call November 14, 2023 5:00 PM ET Company Participants Dave Mossberg - Investor Relations Ray Hatch - Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig Hallum Gerry Sweeney - ROTH Capital Sameer Joshi - H.C. Wainwright Greg Kitt - Pinnacle Fund George Melas - MKH Management Operator Thank you for standing by. This is the conference operator. Welcome to the Quest Re ...
Quest Resource (QRHC) - 2023 Q3 - Quarterly Report
2023-11-14 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Commission file number: 001-36451 Quest Resource Holding Corporation (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 ...
Quest Resource (QRHC) - 2023 Q2 - Earnings Call Presentation
2023-08-15 15:17
© 2023 Quest Resource Holding Corporation. Copying, publishing or redistributing outside of Quest is strictly prohibited. I N V E S T O R P R E S E N T A T I O N Quest Resource Holding Corporation (NASDAQ: QRHC) NATIONAL PROVIDER OF WASTE & RECYCLING SOLUTIONS SEC SAFE HARBOR The statements contained in this Investor Presentation that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchang ...
Quest Resource (QRHC) - 2023 Q2 - Earnings Call Transcript
2023-08-15 02:28
Financial Data and Key Metrics Changes - The company reported a gross profit of $13.5 million and EBITDA of $5 million for Q2 2023, marking the second highest quarterly performance in its history [7][8] - Adjusted EBITDA increased by 26% and gross profit dollars rose by 7% sequentially [8][10] - SG&A expenses were $9.2 million, slightly down from $9.3 million in the same period last year, with expectations to average about $9.5 million per quarter moving forward [13][14] Business Line Data and Key Metrics Changes - Most growth was attributed to ramping up new clients and penetrating existing ones, with significant contributions from improvements at RWS [9][11] - The integration of acquired businesses has led to standardized processes, benefiting gross profit dollars based on volumes rather than fluctuations in recyclable material prices [12][19] Market Data and Key Metrics Changes - The company noted stable activity levels across its end markets, managing cost pressures effectively despite fluctuations in recycled material prices [17][19] - The waste business is generally resistant to recessions, with clients continuing to generate waste regardless of economic cycles [17] Company Strategy and Development Direction - The company aims for double-digit growth in gross profit dollars and adjusted EBITDA for the year, supported by organic growth and integration improvements [10][20] - A focus on technology investments is intended to enhance customer value and operational efficiency, with recent developments including a new vendor onboarding system [34][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to endure economic headwinds due to the resilient nature of the waste business [17] - The outlook for gross profit dollars remains robust, with expectations for continued sequential growth in the second half of the year [20][39] Other Important Information - The company has reduced debt levels significantly, paying down $7 million year-to-date, and expects to continue this trend while balancing growth investments [10][15] - Integration of acquisitions is progressing well, with five out of six completed, and the final integration expected to be completed ahead of schedule [32][33] Q&A Session Summary Question: Can you talk about the vertical for this new customer and the timing of closing new business? - Management noted that conversations with prospects have become easier due to rising costs and sustainability demands, with optimism about future growth [43][44] Question: Can you discuss the health of the vendor network? - The vendor base remains strong, with no significant issues reported, and the company is focused on optimizing vendor relationships [47][49] Question: How far along is the integration process for RWS? - The integration went live on August 1, and management expects to be on a normal run rate by the end of the quarter [55][61] Question: What is the strategic direction regarding technology and market opportunities? - The company is assessing market opportunities and enhancing its value proposition through technology, aiming to expand beyond traditional waste services [63][64] Question: How many waste streams are there that the company can leverage more effectively? - Management indicated that out of over 100 waste streams, approximately two-thirds present significant opportunities for scale and margin improvement [65][68]
Quest Resource (QRHC) - 2023 Q2 - Quarterly Report
2023-08-14 20:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Commission file number: 001-36451 Quest Resource Holding Corporation (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 75056 ...
Quest Resource (QRHC) - 2023 Q1 - Earnings Call Transcript
2023-05-16 01:47
Quest Resource Holding Corporation (NASDAQ:QRHC) Q1 2023 Earnings Conference Call May 15, 2023 5:00 PM ET Company Participants Dave Mossberg - Investor Relations Ray Hatch - President and Chief Executive Officer Brett Johnston - Chief Financial Officer Conference Call Participants Aaron Spychalla - Craig-Hallum Gerry Sweeney - ROTH Capital Chip Moore - EF Hutton Greg Kitt - Pinnacle Fund George Melas - MKH Management Operator Thank you for standing by. This is the conference operator. Welcome to the Quest R ...
Quest Resource (QRHC) - 2023 Q1 - Quarterly Report
2023-05-15 20:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Commission file number: 001-36451 Quest Resource Holding Corporation (Exact Name of Registrant as Specified in its Charter) (State or other Jurisdiction of Incorporation or Organization) Nevada 51-0665952 (I.R.S. Employer Identification No.) 3481 Plano Parkway The Colony, Texas 75056 (Address ...
Quest Resource (QRHC) - 2022 Q4 - Earnings Call Transcript
2023-03-24 02:16
Quest Resource Holding Corp (NASDAQ:QRHC) Q4 2022 Earnings Conference Call March 23, 2023 5:00 PM ET Company Participants David Mossberg - Three Part Advisors Ray Hatch - President, CEO & Director Brett Johnston - SVP & CFO Conference Call Participants Aaron Spychalla - Craig-Hallum Capital Group Gerard Sweeney - ROTH MKM Partners Chip Moore - EF Hutton George Melas - MKH Management Company Gregg Kitt - Pinnacle Family Office Investments Operator Thank you for standing by. This is the conference operator. W ...
Quest Resource (QRHC) - 2022 Q4 - Annual Report
2023-03-23 20:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM to Commission file number 001-36451 Quest Resource Holding Corporation (Exact Name of Registrant as specified in its Charter) Nevada 51-0665952 (State or Other Jurisdiction of Incorporatio ...
Quest Resource (QRHC) - 2022 Q3 - Earnings Call Presentation
2022-11-17 18:28
I N V E S T O R P R E S E N T A T I O N Quest Resource Holding Corporation (NASDAQ: QRHC) © 2022 Quest Resource Holding Corporation. Copying, publication or redistribution outside of Quest is strictly prohibited. NATIONAL PROVIDER OF WASTE & RECYCLING SOLUTIONS N O V E M B E R SEC SAFE HARBOR 2 © 2022 Quest Resource Holding Corporation. Copying, publication or redistribution outside of Quest is strictly prohibited. The statements contained in this Investor Presentation that are not purely historical are for ...