Quest Resource Q1 revenue falls 10% on difficult operating environment

Quest Resource Holding

07/05/2026 21:18

Overview

US waste and recycling firm's Q1 revenue fell 10% yr/yr but rose 5% sequentially

Gross profit dropped 12% yr/yr, with gross margin at 15.7% versus 16.0% a year ago

Sequential gains driven by higher industrial volumes and non-industrial portfolio growth

Outlook

Company says operating environment remains difficult but sales pipeline remains healthy

Quest expects ongoing cost management and debt paydowns to improve cash cycle and balance sheet

Company anticipates further voluntary debt paydowns as macroeconomic conditions improve

Result Drivers

INDUSTRIAL VOLUMES - Higher sequential volumes from industrial customers contributed to revenue and gross profit growth versus prior qtr

NON-INDUSTRIAL PORTFOLIO - Continued growth from non-industrial portfolio supported sequential gains in revenue and gross profit

NEW CUSTOMER WINS - Onboarding of new customers and wallet share expansions with existing customers were fully contributing to results by quarter end

Company press release: ID:nGNX2xHFp0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$61.70 mln
$60.90 mln (1 Analyst)
Q1 Adjusted EBITDA
Miss
$1.80 mln
$1.90 mln (1 Analyst)
Q1 Gross Margin
15.70%
Q1 Gross Profit
$9.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Quest Resource Holding Corp is $3.25, about 195.5% above its May 6 closing price of $1.10

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)