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Quest Resource Holding Corp (QRHC)
:QRHC
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
0.08Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 12, 2025
|% Change Since: -31.17%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Quest's success in onboarding new clients, reducing interest expenses through refinancing, and initiating operational improvements. However, these positives were countered by significant challenges, including industrial market weakness, client attrition, temporary costs, and the impact of accounts payable adjustments. The sentiment is a balance between promising growth initiatives and the need to address execution issues and financial adjustments.Company Guidance
During the Quest Resource Holding Corp. earnings call for the fourth quarter and full year 2024, several key metrics and guidance were provided. The company reported fourth-quarter revenue of $70 million, representing a 1% increase from the previous year, but a 4% decrease sequentially. Gross profit for the quarter was $10.7 million, which marked a 6.7% decrease from the prior year. The company faced challenges with client attrition and weak industrial market conditions, impacting revenues by approximately $44 million annually. However, they anticipate $15 million in net incremental revenue for 2025 from new client wins, despite ongoing market changes. Adjusted EBITDA for the fourth quarter was affected by $1.5 million in non-cash adjustments, but management expects approximately $3.2 million without these adjustments. The company is implementing a series of strategic actions, including a 15% workforce reduction and targeting $3 million in annual SG&A cost savings, aiming to improve operational efficiencies and enhance shareholder value. They refinanced their debt, reducing interest expenses by $1 million annually, with a new maturity extending to 2030. While challenges remain, Quest Resource Holding Corp. is optimistic about top and bottom-line growth in 2025, driven by cost reductions, operational improvements, and continued client onboarding and expansion.Record Client Onboarding
Quest Resource Holding Corp. added clients at record rates in 2024, with significant onboarding from eight new client wins and expansions with five existing clients, contributing approximately $12 million of fourth quarter revenue.
Debt Refinancing and Interest Savings
Quest successfully refinanced its debt, reducing the blended interest rate margin by approximately 150 basis points, which will save approximately $1 million annually in interest expenses.
Operational Improvements and Cost Reduction
Quest implemented a 15% reduction in workforce and other G&A cost savings, expected to reduce SG&A by $3 million on an annualized basis. Additionally, the company is integrating technology into workflows to improve efficiency.
Pipeline Growth and Sales Process Overhaul
Quest restructured its sales process with a focus on metrics and discipline, resulting in significant pipeline growth and a disciplined approach to drive future sales.
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QRHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QRHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 12, 2025 | $3.85 | $2.68 | -30.39% |
| Nov 07, 2024 | $8.22 | $7.18 | -12.65% |
| Aug 08, 2024 | $8.27 | $7.63 | -7.74% |
| May 09, 2024 | $10.12 | $9.83 | -2.87% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Quest Resource Holding Corp (QRHC) report earnings?
Quest Resource Holding Corp (QRHC) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Quest Resource Holding Corp (QRHC) earnings time?
Quest Resource Holding Corp (QRHC) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QRHC EPS forecast?
QRHC EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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