AVALON HOLDINGS CORPORATION ANNOUNCES 2024 FULL YEAR AND FOURTH QUARTER RESULTS
WARREN, Ohio, March 20, 2025 /PRNewswire/ -- Avalon Holdings Corporation (AMEX:AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2024.
Net operating revenues in the fourth quarter of 2024 were $17.6 million compared with $17.7 million in the fourth quarter of 2023. The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of $0.5 million in the fourth quarter of 2024 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.8 million in the fourth quarter of 2023. For the fourth quarter of 2024, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.13 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.21 in the fourth quarter of 2023.
For the year ended December 31, 2024, net operating revenues were $83.8 million compared with $80.9 million for the year ended December 31, 2023. The Company recorded a net income attributable to Avalon Holdings Corporation common shareholders of $1.3 million for the year ended December 31, 2024 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $1.8 million for the year ended December 31, 2023. For the year ended December 31, 2024, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.34 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.46 for year ended December 31, 2023.
Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, captive landfill management services and salt water injection well operations. Avalon Holdings Corporation also owns Avalon Resorts and Clubs Inc., which includes the operation of a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center.
AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except for per share amounts)
Three Months Ended
Year Ended
December 31,
December 31,
2024
2023
2024
2023
Net operating revenues:
Waste management services
$ 9,771
$ 9,917
$ 45,922
$ 44,611
Food, beverage and merchandise sales
2,915
2,914
13,537
13,491
Other golf and related operations
4,959
4,890
24,336
22,797
Total golf and related operations
7,874
7,804
37,873
36,288
Total net operating revenues
17,645
17,721
83,795
80,899
Costs and expenses:
Waste management services operating costs
7,568