Company News

Avalon Holdings Reports Q4, 2019 Financial Results

WARREN, Ohio — Avalon Holdings Corp. this week reported financial results for the fourth quarter and fiscal year ended Dec. 31, 2019.

Net operating revenues in the fourth quarter were $17.3 million compared with $15.9 million in the fourth quarter of 2018. Net loss attributable to common shareholders was $0.4 million in the fourth quarter compared with a net loss of $1.8 million in the prior-year quarter. 

For the fourth quarter, basic net loss per share was 11 cents compared with 47 cents in the fourth quarter of 2018.

For the year ended Dec. 31, net operating revenues were $68.4 million compared with $62.2 million for 2018. The company incurred a net loss attributable to common shareholders of $0.5 million for 2019 compared with a net loss of $1.1 million for 2018. 

Basic net loss per share attributable to common shareholders was 12 cents in 2019 compared with 30 cents for 2018.

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 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.

Copyright 2020 The Business Journal, Youngstown, Ohio.