THE COLONY, Texas - Quest Resource (NASDAQ:QRHC) Holding Corporation (NASDAQ: QRHC), a prominent provider of environmental waste and recycling solutions, has announced a new partnership with United Natural Foods , Inc. (NYSE:UNFI), the leading wholesale distributor of health and specialty foods in North America.
Under the agreement, Quest’s subsidiary, Quest Resource Management Group, will offer comprehensive waste, recycling, and organic waste diversion services to assist UNFI in achieving its sustainability and waste reduction objectives.
The initiative is designed to deliver operational improvements, cost savings, and superior service quality to UNFI, which serves a broad network of over 30,000 locations across North America, including supermarkets, independent retailers, and food service providers. Quest’s President and CEO, S. Ray Hatch, emphasized the company's commitment to providing a white-glove service experience and advancing UNFI’s business and environmental goals.
Quest’s approach includes a suite of processes and protocols aimed at maximizing waste diversion rates. The company’s proprietary Quest Proganics® method has been noted for achieving up to 96% diversion rates for organic waste, which is a significant concern for many of Quest's clients.
In addition to waste management services, Quest offers advanced data and metrics that provide transparency and insights into clients’ waste and recycling programs. This information is accessible through the Quest portal and can be utilized for corporate ESG (Environmental, Social, and Governance) and sustainability reporting.
This agreement is based on a press release statement from Quest Resource Holding Corporation.
InvestingPro Insights
Quest Resource Holding Corporation (NASDAQ: QRHC) has been making notable strides in the environmental services sector, as evidenced by their recent partnership with United Natural Foods, Inc. (UNFI). To provide a deeper understanding of Quest's financial health and market performance, let's consider some key metrics from InvestingPro. The company boasts a market capitalization of $180.94 million, illustrating its significant presence in the industry. Despite challenges in profitability with a negative P/E ratio of -24.94 for the last twelve months as of Q4 2023, Quest's revenue growth is positive, with a quarterly increase of 11.39% in Q4 2023.
Looking at performance, Quest has demonstrated strong returns, with a one-month price total return of 28.51% and a three-month return of 33.09%, signaling robust short-term investor confidence. These figures are particularly relevant to investors considering the company's potential for growth and its recent business developments.
InvestingPro Tips for QRHC highlight a mix of caution and optimism. While Quest may have trouble making interest payments on debt, analysts predict that the company will be profitable this year, which could signal a turnaround in its financial trajectory. Moreover, Quest has not been profitable over the last twelve months, yet it has seen a high return over the last year, indicating potential for those willing to take on higher risk. For more detailed analysis and additional InvestingPro Tips, prospective investors can visit InvestingPro. There are 10 additional tips available, which can provide further insights into Quest's financial standing and market potential.
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