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Quest Resource (QRHC)
NASDAQ:QRHC
Earnings Data
Report Date
Aug 18, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 12, 2025
|% Change Since: -7.69%
|Next Earnings Date:Aug 18, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant efforts in cost reduction and operational improvements, along with strategic changes in management and board composition. However, these positive actions were overshadowed by a decline in revenue and gross profit, increased SG&A costs, and ongoing challenges with client attrition and accounts receivable. These mixed results suggest a period of transition and restructuring for Quest.Company Guidance
During Quest Resource Holding Corporation's first quarter earnings call for 2025, the company provided guidance focusing on cost reductions, revenue impacts, and operational improvements. The sale of a non-core segment generated $5 million in cash and reduced debt, while overall costs were cut by $3 million annually. The company reported a 6% year-over-year revenue decrease to $68.4 million, primarily due to $7 million lost from client attrition and an $8 million drop in volumes from larger clients. Gross profit fell 22% year-over-year to $10.9 million, driven by client attrition, lower volumes, revenue mix shifts, and temporary cost increases. SG&A expenses rose to $11.4 million, partly due to separation costs and bonus accruals, but are expected to decrease to $9.5 million per quarter in the second half of the year. Quest aims to improve EBITDA and cash flow, enhance operational efficiency, and pay down debt, despite challenges with elevated DSOs and macroeconomic uncertainties affecting some industrial clients.Cost Reduction Initiatives
Quest implemented a series of cost reduction actions, reducing SG&A costs by $3 million on an annualized basis. Additionally, the sale of a non-core part of the RWS business generated $5 million in cash used to reduce debt.
Management and Board Enhancements
Promoted Perry Moss to CEO and added Nick Ober as SVP of Operations. Bob Lipstein, a seasoned financial executive, joined the Board of Directors.
Operational Improvements
Quest has initiated an operations excellence initiative to drive process improvements across the company, with an emphasis on performance and accountability.
Debt Flexibility
Amended debt agreements with lenders PNC and Monroe to provide increased flexibility and eased covenants through 2025.
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
QRHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 12, 2025 | $2.47 | $2.35 | -4.86% |
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% |
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.
FAQ
When does Quest Resource (QRHC) report earnings?
Quest Resource (QRHC) is schdueled to report earning on Aug 18, 2025, TBA Not Confirmed.
What is Quest Resource (QRHC) earnings time?
Quest Resource (QRHC) earnings time is at Aug 18, 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 (Q2) is 0.02.