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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
Core Viewpoint - Quest Resource Holding Corporation will release its first quarter financial results for the period ending March 31, 2025, on May 12, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for the same day at 5:00 PM ET [2] - Investors can participate in the call by dialing specific numbers or accessing a webcast on the company's investor relations website [2][3] Group 2: Company Overview - Quest is a national leader in environmental waste and recycling services, helping businesses achieve their sustainability goals [4] - The company provides tailored solutions across various industry sectors, focusing on generating measurable business and sustainability outcomes [4]
Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].