Quest Resource Holding Corporation Announces First Quarter Financial Results for 2025
May 12, 2025 - 22:04
Quest Resource Holding Corporation has reported its financial results for the first quarter of 2025, revealing operating performance that aligns with expectations. The company successfully completed the sale of a non-core business segment for $5 million, which has been strategically utilized to reduce debt levels.
As a result of this divestiture, Quest anticipates annual savings of approximately $3 million through the elimination of associated costs and a reduction in headcount. These measures are part of a broader strategy to enhance financial stability and operational efficiency.
Additionally, the company has amended agreements with its existing lenders, providing greater financial flexibility moving forward. This adjustment is expected to support Quest's ongoing commitment to fostering a performance-driven culture, implementing short-term initiatives, and developing long-term efficiency programs. The organization remains focused on executing its strategic objectives to drive growth and enhance shareholder value in the coming quarters.
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