Avalon Holdings Corporation reported Q3 2024 net income of $1.8 million ($0.47 per share), up significantly from $0.9 million ($0.23 per share) in Q3 2023. Total net operating revenues increased to $24.2 million from $23.9 million year-over-year, driven by improved performance in both core segments. The golf and related operations segment saw revenues rise to $12.8 million from $12.2 million, while waste management services generated $11.5 million.Operating income more than doubled to $2.3 million from $1.4 million in Q3 2023, reflecting successful cost management initiatives and improved operational efficiency. The golf and related operations segment recorded income before taxes of $2.0 million, up from $1.2 million, benefiting from increased room rental revenue and enhanced spa services performance. The waste management segment maintained stable income before taxes at $1.2 million.For the first nine months of 2024, the company...Show More

Avalon Holdings Corporation reported Q3 2024 net income of $1.8 million ($0.47 per share), up significantly from $0.9 million ($0.23 per share) in Q3 2023. Total net operating revenues increased to $24.2 million from $23.9 million year-over-year, driven by improved performance in both core segments. The golf and related operations segment saw revenues rise to $12.8 million from $12.2 million, while waste management services generated $11.5 million.Operating income more than doubled to $2.3 million from $1.4 million in Q3 2023, reflecting successful cost management initiatives and improved operational efficiency. The golf and related operations segment recorded income before taxes of $2.0 million, up from $1.2 million, benefiting from increased room rental revenue and enhanced spa services performance. The waste management segment maintained stable income before taxes at $1.2 million.For the first nine months of 2024, the company posted net income of $1.8 million versus a loss of $0.9 million in the same period last year. The improved performance was attributed to higher revenues across both segments, with total revenues reaching $66.2 million compared to $63.2 million in the prior year period. Management continues to focus on operational efficiency and strategic growth initiatives while maintaining strong cost controls.