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Stock impact report

Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business [Yahoo! Finance]

Quest Resource Holding Corporation (QRHC) 
Last quest resource holding corporation earnings: 3/12 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.qrhc.com/investors
Company Research Source: Yahoo! Finance
in environmental waste and recycling services, today announced the sale of its tenant-direct portion of the RWS commercial property management business. “We have successfully completed the sale of a portion of RWS, which was a non-core line of business and a small part of our overall portfolio. The sale enables us to increase our focus on our core portfolio of clients in diverse industries, which offer the greatest source of growth and financial returns. Financially, this sale eliminates business that contributed to inconsistent financial performance without contributing profits, and it provides cash that can be used to pay down debt,” said Perry W. Moss, President and Chief Executive Officer of Quest. The Company agreed to sell the client contracts to Lincoln Waste Solutions, a part of Reconomy, a leading international specialist in the circular economy. The total consideration for the sale was approximately $5 million in cash paid at closing, plus additional amounts payable to t Show less Read more
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