Quest Resource Q4 revenue falls on lower industrial volumes
Overview
U.S. waste and recycling firm's Q4 revenue fell 15.8% yr/yr on lower industrial volumes
Adjusted EBITDA for Q4 rose to $2.1 mln from $1.7 mln a year earlier
Company reduced debt by $2 mln in Q4
Outlook
Company expects strategic initiatives and new customer wins to support improved performance in 2026
Company says recent refinancing and covenant easements provide financial flexibility for 2026 and 2027
Result Drivers
LOWER INDUSTRIAL VOLUMES - Co said Q4 revenue decline was driven by lower volumes from large industrial customers
Company press release: ID:nGNX5gPqhD
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $58.9 mln | $61.32 mln (2 Analysts) |
Q4 Adjusted EBITDA | Miss | $2.1 mln | $2.81 mln (2 Analysts) |
Q4 Gross Margin |
| 15.5% |
|
Q4 Gross Profit |
| $9.1 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $3.00, about 89.9% above its March 11 closing price of $1.58
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 102 three months ago
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