Quest Resource Holding Corporation Reports Preliminary Second Quarter Results

Full Q2 2020 Financial Results to be Issued on August 13, 2020

THE COLONY, Texas, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Quest Resource Holding Corporation (NASDAQ: QRHC) ("Quest" or the “Company”), a national leader in environmental reuse, recycling, and waste disposal services, today reported the following preliminary financial results for the second quarter ended June 30, 2020.

Preliminary Second Quarter Financial Results:

• Revenue is expected to range between $21.4 million and $21.9 million compared to $25.4 million reported in Q2 2019 and $25.3 million in Q1 2020.
• Gross profit is expected to range between $4.2 million and $4.3 million compared to $4.8 million reported in Q2 2019 and $4.5 million in Q1 2020.

“We saw a steady recovery in our business across industries and regions from the low point in early April. We were able to work with our customers to help them adjust to this difficult environment,” said S. Ray Hatch, President and Chief Executive Officer.

Mr. Hatch added, “I would like to reiterate my appreciation and thank our employees, customers and subcontractors for their unhesitating and ongoing collaboration as we navigate these challenging times.”

Second Quarter 2020 Earnings Conference Call and Webcast:

The Company plans to release full financial results for its second quarter ended June 30, 2020, on Thursday, August 13, 2020, after market close. Ray Hatch, President and Chief Executive Officer, and Laurie Latham, Chief Financial Officer, will host a conference call that same day at 5:00 PM ET, to review the Company's financial results and business outlook. Investors interested in participating on the live call can dial 1-800-263-0877 within the U.S. or 1-646-828-8143 from abroad, referencing conference ID: 8602356. Investors can also access the call online through a listen-only webcast on the investor relations section of Quest’s website at http://investors.qrhc.com/.

The webcast, which may include forward-looking information, will be archived on Quest’s investor relations website for at least 90 days and a telephonic playback of the conference call will be available by calling 1-844-512-2921 within the U.S. and 1-412-317-6671 from abroad. The replay passcode is 8602356. The telephonic playback will be available beginning at 8:00 PM ET on Thursday, August 13, 2020, and continuing through 11:59 PM ET on Thursday, August 27, 2020. For more information on Quest Resource Holding Corporation, visit www.qrhc.com.