Quest Resource Holding Corporation

Good day, everyone, and welcome to the Quest Resource Holding Third Quarter 2021 Earnings Call. Today's call is being recorded. At this time, I would like to turn the conference over to Dave Mossberg, Investor Relations Representative. Please go ahead.

Thank you, Christy, 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 words like anticipate, project, estimate, expect, intend, believe, and other similar expressions are intended to identify those forward-looking statements. Such forward-looking statements are based on Quest's current expectations, estimates, projections, beliefs, and assumptions and involve significant risks and uncertainties. Actual events or Quest results could differ materially from those discussed in the forward-looking statements as a result of various factors which are discussed in greater detail with Quest's in Quest filings with the Securities and Exchange Commission. Your caution not to place undue reliance on such statements and to consult our SEC filings for additional risks and uncertainties. Quest 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 observations and views about industry conditions and developments. The data and information are based on Quest estimates, independent publications, government publications, and reports by market research firms and other sources. Although Quest believes these sources are reliable and the 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. Certain non-GAAP financial measures will be discussed during the 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 are useful to investors in understanding of the assessment of the company's ongoing core operations and prospects for the future. Unless it is otherwise stated, it should be assumed that any financials discussed in the call will be on a non-GAAP basis. Full reconciliations of non-GAAP to GAAP financial measures are included in today's earnings release. With that said, I'll turn the call over to Ray Hatch, President and Chief Executive Officer.

Thank you, Dave. Thanks, everyone, for your interest and quest. This past quarter marked our fourth consecutive quarter of double-digit year-over-year growth in gross profit dollars. I'm proud to say that this is a result of the strong execution across all of our growth strategies and great contributions from our entire team in partnership with our terrific clients. The third quarter's financial performance continued to be exceptional. As we have said repeatedly on these calls, we are and will continue to focus on managing the business to grow gross profit dollars, which is the key metric we use to gauge our success. And during the third quarter, we delivered an impressive 50% growth in gross profit dollars year over year. I will point out that this growth is not limited to the post-pandemic economic recovery. When compared with pre-pandemic levels in 2019, organic growth increased at a double-digit pace, and that organic growth came from the combination of both new and existing customers. Our disciplined M&A strategy also contributed nicely to our growth. Adjusted EBITDA grew at an even faster pace and was $2.5 million for the quarter, an increase of 148 percent. Year-to-date adjusted EBITDA, 7.6 million. We have a lot of activity in recent quarters, and I'm excited to give you an update on the progress. Before I go into that, I'm going to turn the call over to Lori Latham, our Chief Financial Officer, to review the financials. Lori?