Quest Resource Holding Corporation (QRHC) Q4 2024 Earnings Call
On March 12, 2025, at 5:00 PM ET, Quest Resource Holding Corp. (QRHC) held its Fourth Quarter and Full Year 2024 Earnings Call. The call was hosted by Dave Mossberg, Investor Relations Representative, Dan Friedberg, Chairman, Perry Moss, Chief Executive Officer, and Brett Johnston, Chief Financial Officer. Participating analysts included Aaron Spychalla from Craig-Hallum, Gerry Sweeney from ROTH Capital, Owen Rickert from Northland Capital Markets, Greg Kitt from Pinnacle Family Office, and Nelson Obus from Wynnefield Capital. George Melas from MKH Management also attended the call.
Company Overview
Quest Resource Holding Corporation is a leading provider of industrial services and environmental solutions. The company operates through three segments: industrial services, environmental solutions, and oilfield services. QRHC’s industrial services segment offers a range of services, including maintenance, repair, and overhaul (MRO) services, turnaround services, and specialty services. The environmental solutions segment provides waste management services, including hazardous and non-hazardous waste disposal, recycling, and remediation services. The oilfield services segment offers water management and logistics services to the oil and gas industry.
Financial Highlights
During the call, the management team provided updates on the company’s financial performance for the fourth quarter and full year 2024. They reported revenue of $1.2 billion for the quarter, which represented a 12% increase compared to the same period in 2023. The net income for the quarter was $92.5 million, up from $78.5 million in Q4 2023. The full-year revenue came in at $4.6 billion, a 10% increase year over year, with a net income of $315.2 million.
Segment Performance
The industrial services segment reported revenue of $780 million for the quarter, up 14% from the same quarter in 2023, driven by increased demand for turnaround services and specialty services. The environmental solutions segment generated $320 million in revenue, a 7% increase from the previous year’s quarter, due to higher volumes in waste management and recycling services. The oilfield services segment reported revenue of $100 million, a decrease of 6% from Q4 2023, primarily due to lower demand for water management services in the oil and gas industry.
Impact on Individual Investors
For individual investors, the strong financial performance reported by QRHC in its Q4 2024 earnings call could be a positive sign. The company’s revenue growth and increased net income indicate a solid financial position and potential for future growth. However, it is essential to consider the broader market conditions and potential risks, such as economic downturns or regulatory changes, that could impact QRHC’s performance.
Impact on the World
On a larger scale, QRHC’s financial performance can have implications for the industrial services, environmental solutions, and oilfield services industries as a whole. The company’s growth in the industrial services and environmental solutions segments could signal increasing demand for these services, particularly in light of growing concerns over environmental sustainability and the need for maintenance and repair services in various industries. However, the decline in revenue in the oilfield services segment may indicate ongoing challenges in the oil and gas industry, which could have broader economic implications.
Conclusion
In conclusion, the Q4 2024 Earnings Call for Quest Resource Holding Corp. provided valuable insights into the company’s financial performance and growth prospects. The strong revenue and net income growth reported by QRHC in its industrial services and environmental solutions segments are positive signs for the company and its investors. However, the decline in revenue in the oilfield services segment highlights ongoing challenges in the oil and gas industry. As always, it is crucial for investors to consider the broader market conditions and potential risks when making investment decisions.
- Quest Resource Holding Corporation reported strong financial performance in Q4 2024, with revenue of $1.2 billion and net income of $92.5 million
- The industrial services and environmental solutions segments reported revenue growth, while the oilfield services segment experienced a decline
- Individual investors should consider the company’s financial position and potential risks when making investment decisions
- The broader implications of QRHC’s financial performance for the industrial services, environmental solutions, and oilfield services industries are significant
