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Avalon Holdings | 10-Q: Q2 2024 Earnings Report

Avalon Holdings | 10-Q: Q2 2024 Earnings Report

Avalon控股 | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/09 05:05

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Avalon Holdings Corporation reported strong Q2 2024 financial results with net operating revenues increasing 10.7% to $23.1 million, compared to $20.8 million in Q2 2023. The waste management services segment revenue grew 18.7% to $12.2 million, while golf and related operations revenue rose 2.9% to $10.8 million.Net income attributable to Avalon shareholders improved significantly to $0.95 million ($0.24 per share) in Q2 2024, compared to a net loss of $0.15 million ($0.04 per share) in Q2 2023. The improvement was driven by higher revenues and improved operational efficiency, with waste management services income before taxes rising to $1.3 million and golf operations income reaching $1.1 million.For the first six months of 2024, total revenue increased 6.7% to $41.9 million, with waste management services up 7.6% to $24.7 million and golf operations up 5.5% to $17.2 million. The company reduced its net loss to $25,000 for H1 2024 compared to $1.8 million loss in H1 2023, demonstrating improved operational performance despite ongoing inflationary pressures.
Avalon Holdings Corporation reported strong Q2 2024 financial results with net operating revenues increasing 10.7% to $23.1 million, compared to $20.8 million in Q2 2023. The waste management services segment revenue grew 18.7% to $12.2 million, while golf and related operations revenue rose 2.9% to $10.8 million.Net income attributable to Avalon shareholders improved significantly to $0.95 million ($0.24 per share) in Q2 2024, compared to a net loss of $0.15 million ($0.04 per share) in Q2 2023. The improvement was driven by higher revenues and improved operational efficiency, with waste management services income before taxes rising to $1.3 million and golf operations income reaching $1.1 million.For the first six months of 2024, total revenue increased 6.7% to $41.9 million, with waste management services up 7.6% to $24.7 million and golf operations up 5.5% to $17.2 million. The company reduced its net loss to $25,000 for H1 2024 compared to $1.8 million loss in H1 2023, demonstrating improved operational performance despite ongoing inflationary pressures.
Avalon控股公司報告了2024年第二季度強勁的財務業績,淨營業收入同比增長10.7%至2310萬美金,相較於2023年第二季度的2080萬美金。廢物管理服務部門的收入增長了18.7%至1220萬美金,而高爾夫及相關業務的收入增長了2.9%至1080萬美金。歸屬於Avalon股東的凈利潤在2024年第二季度顯著改善至95萬美金(每股0.24美金),而2023年第二季度則虧損15萬美金(每股0.04美金)。該改善得益於更高的收入和改善的運營效率,廢物管理服務的稅前收入增加至130萬美金,高爾夫業務的收入達到110萬美金。在2024年上半年,總收入同比增長6.7%至4190萬美金,廢物管理服務增長7.6%至2470萬美金,高爾夫業務增長5.5%至1720萬美金。儘管面臨持續的通脹壓力,公司將淨虧損減少至2.5萬美金,相較於2023年上半年180萬美金的虧損,展示了改善的運營表現。
Avalon控股公司報告了2024年第二季度強勁的財務業績,淨營業收入同比增長10.7%至2310萬美金,相較於2023年第二季度的2080萬美金。廢物管理服務部門的收入增長了18.7%至1220萬美金,而高爾夫及相關業務的收入增長了2.9%至1080萬美金。歸屬於Avalon股東的凈利潤在2024年第二季度顯著改善至95萬美金(每股0.24美金),而2023年第二季度則虧損15萬美金(每股0.04美金)。該改善得益於更高的收入和改善的運營效率,廢物管理服務的稅前收入增加至130萬美金,高爾夫業務的收入達到110萬美金。在2024年上半年,總收入同比增長6.7%至4190萬美金,廢物管理服務增長7.6%至2470萬美金,高爾夫業務增長5.5%至1720萬美金。儘管面臨持續的通脹壓力,公司將淨虧損減少至2.5萬美金,相較於2023年上半年180萬美金的虧損,展示了改善的運營表現。
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