Quest Resource Holding Corporation (NASDAQ:QRHC) Q1 2020 Earnings Conference Call - Final Transcript

May 14, 2020 • 05:00 pm ET


Quest Resource Holding Corporation (NASDAQ:QRHC) Q1 2020 Earnings Conference Call - Final Transcript


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Greetings, and thank you for standing by. Welcome to the Quest Resource Holding Corp First Quarter 2020 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded Thursday, May 14, 2020.

I would now like to turn the conference over to David Mossberg, Investor Relations representative. Please go ahead.

David Mossberg

Thank you, Grant, and thank you, everyone, for joining us on the call. Before we begin, I'd like to remind everyone that this conference call may contain predictions, estimates and other forward-looking statements regarding future events or future performance of Quest. Use of the words like anticipate, project, estimate, expect, intend, believe and other similar expressions are intended to identify those forward-looking statements. Forward-looking statements also include statements regarding Quest's future opportunities for growth, Quest's expectations for revenue, margins and profitability in future periods, plus industry position and industry trends, Quest's prospects, outlook and business strategies going forward and Quest's beliefs regarding progress and timing.

Such forward-looking statements are based on Quest's current expectations, estimates, projections, beliefs and assumptions and involve certain significant risks and uncertainties. Actual events or Quest's results could differ materially from those discussed in forward-looking statements as a result of various factors, including changing market trends, reduced demand, the competitive nature of Quest's industries and our belief that our asset-light business model and other essential nature of our services positions us well to weather the challenge -- challenging COVID-19 environment, which are discussed in greater detail in Quest's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2019.

You are cautioned not to place undue reliance on such statements and to consult our SEC filings for additional risks and uncertainties. You can find those documents on Quest's website at Such forward-looking statements are presented as of the date made, and we disclaim any duty to update such statements unless required to do so by law. In addition, in this call we may include industry and market data and other statistical information, as well as Quest's observations and views about industry conditions and developments. The data and information are based on Quest's estimates, independent publications, government publications and reports by market research firms and other sources.

Although Quest believes these sources are reliable and data and other information are accurate, we caution that Quest does not independently verify the reliability of the sources or the accuracy of the information. In addition, Quest's observations about the view of our industry conditions and developments are its own and may not be supported or agreed with by other industry participants or observers. Certain non-GAAP financial measures will be discussed during this call. These non-GAAP measures are used by management to make strategic decisions, forecast future results and evaluate the company's current performance. Management believes that the presentation of these non-GAAP financial measures is useful for investors' understanding and assessment of the company's ongoing core operations and future -- and prospects for the future.

Unless it is otherwise stated, it