Quest Resource Holding Corporation Signals Q4 Margin Growth Amid Diversification Efforts
Quest Resource Holding Corporation (QRHC) reported third-quarter results highlighting a strategic shift toward a more balanced and diversified business model. While the company noted that industrial revenues experienced some softening during the period, management remains optimistic about the upcoming quarter. The company is projecting year-over-year growth in both gross profit and margins for the fourth quarter. Additionally, Quest Resource has set a target to bring its Days Sales Outstanding (DSO) into the mid-60s, signaling an improved focus on working capital management and cash flow efficiency.
Tickers: $QRHC
Topics: business diversification quarterly results revenue performance