Quest Resource Holding Corp, Q3 2026 Earnings Call Transcript

Quest Resource’s third-quarter results showed improving profitability as growth in non-industrial markets and operational efficiencies offset softer industrial volumes. Revenue was nearly flat sequentially, while gross margin rose to 17.8% from 16.3% in Q2 and adjusted EBITDA increased year over year and sequentially. Management expects seasonal declines in revenue and gross profit in Q4, but forecasts both gross profit and margin to be solidly above year-ago levels. The company is cautiously optimistic about late-stage discussions with large national brands in non-industrial sectors, though the timing of potential wins is uncertain. It expects diversification and continued margin initiatives to support performance, while prioritizing cash generation and debt reduction.