Q1 Revenue, Net Income Up at Avalon Holdings

WARREN, Ohio – Avalon Holdings Corp. this week reported financial results for the first quarter of 2021.

Net operating revenues were $15.1 million compared with $14.4 million in the first quarter of 2020.  The company recorded net income attributable to common shareholders of $700,000 in the first quarter compared with a net loss of $800,000 in the first quarter of 2020. 

Basic net income per share was 18 cents in the first quarter. This compares with a basic net loss per share of 21 cents in the first quarter of 2020.

Avalon Holdings Corp. provides waste management services, 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.

Published by The Business Journal, Youngstown, Ohio.