Avalon Holdings Reports Net Income of $500,000

WARREN, Ohio — Avalon Holdings Corp. today reported third-quarter net income of $500,000 compared with net income of $100,000 in the third quarter of 2014.

Net operating revenues in the third quarter were $14.6 million compared with $14.4 million in the third quarter of 2014.  For the third quarter of 2015, basic net income per share was 14 cents compared with basic net income per share of 3 cents in the prior-year quarter.

For the first nine months of 2015, net operating revenues were $39.2 million compared with $37.4 million for the first nine months of 2014.

The company said it incurred a net loss of $0.5 million for the first nine months of 2015 compared with a net loss of $500,000 for the first nine months of 2014. For the first nine months of 2015, basic net loss per share was 14 cents compared with a basic net loss per share of 18 cents for the first nine months of 2014.

Avalon Holdings Corp. provides waste management services to industrial, commercial, municipal and governmental customers, captive landfill management services and salt water injection well operations.  The company also owns the Avalon Golf and Country Club, which includes the operation of golf courses, country clubs and related facilities and The Avalon Inn hotel here.

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