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Quest Resource Holding Corp

Quest Resource Holding Corporation, together with its subsidiaries, provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States. It offers disposal and recycling services for cardboard, paper, metals, used motor oil, oil filters, scrap tires, plastics, grease, cooking oil, food waste, expired food products, glass, separator and tank cleaning, construction debris, regulated waste, batteries, mercury, lights and electronic devices, as well as regulated and non-regulated solid, liquid, and gas wastes. The company also provides antifreeze and windshield washer fluid; dumpster and compacting equipment; and other minor ancillary services. The company's services focus on the waste streams and recyclables from big box retailers, including grocers, and other specialty retailers; transportation, logistics, and fleet operators; manufacturing and industrial facilities; automotive after-market operations, such as automotive maintenance, quick lube, dealerships, and collision repair; multifamily and commercial properties; restaurant chains and food operations; and construction and demolition projects. It markets its services to automotive; industrial/manufacturing; distribution and logistics; hospitality and retail; property management; healthcare; and construction and demolition through direct sales force and strategic partnerships. The company was formerly known as Infinity Resources Holdings Corp. and changed its name to Quest Resource Holding Corporation in October 2013. Quest Resource Holding Corporation is headquartered in The Colony, Texas.

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Quest Resource Q2 revenue rises 8% to $64.1 million

Quest Resource Holding reported second-quarter revenue of $64.1 million, an 8% increase from a year ago, driven by volume improvements from industrial clients and new business wins. Gross profit declined 5.5% to $10.4 million, with gross margin falling to 16.3% from 18.5% a year earlier due to margin pressure with select industrial clients. The company posted a GAAP net loss of $12.2 million, including an $11 million non-cash goodwill impairment charge, compared with a $2 million net loss in the prior-year period. Adjusted EBITDA rose to $2.8 million from $2.7 million a year ago, and operating cash flow was $4.5 million, supporting a $2 million voluntary early payment on term debt. Management expects another quarter of sequential revenue growth in the third quarter and anticipates gross margins to be flat to slightly up as industrial volumes ramp.
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Winners And Losers Of Q1: Republic Services Vs The Rest Of The Waste Management Stocks

The first-quarter waste management earnings season delivered mixed results, with the eight tracked companies missing revenue consensus by 2.7% as a group. Republic Services reported revenues of $4.11 billion, up 2.6% year on year and in line with expectations, while Onterris posted the best quarter with a beat on EPS and adjusted operating income despite a 5.2% revenue decline. Perma-Fix was the weakest performer, with revenues falling 20.1% year on year and missing estimates by 14.4%, along with significant misses on adjusted operating income and EBITDA. Quest Resource saw revenues drop 9.8% year on year, slightly below expectations, and Clean Harbors reported a 1.9% revenue increase to $1.46 billion but missed estimates by 0.7%. Share prices have been resilient overall, rising 5.7% on average since the latest earnings results.
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