Quest Resource Holding Corporation Reports Q3 2026 Results with Margin Expansion and Debt Reduction
Quest Resource Holding Corporation (QRHC) reported third-quarter 2026 results characterized by flat revenue of $63.8 million but significant improvements in profitability metrics. The company achieved a gross margin expansion to 17.8% and grew Adjusted EBITDA to $3.4 million, up from $2.9 million in the prior year's third quarter. These gains were driven by operational efficiencies and an 8% reduction in SG&A expenses. Management is actively focusing on de-leveraging the balance sheet, utilizing $4.4 million in year-to-date operating cash flow to reduce high-interest term debt. While industrial segment revenue saw a decline due to softer volumes, the company is successfully diversifying into non-industrial sectors like food service and retail. Looking ahead, management warned of typical fourth-quarter seasonality which may lead to sequential declines in revenue and gross profit.
Coverage
- Quest Resource Holding Corp - 10-Q Filing
- Quest Resource Holding Corporation Reports Q3 2026 Results with Margin Expansion and Debt Reduction
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