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Avalon Holdings | 10-K: FY2023 Annual Report

SEC ·  Mar 21 17:08

Summary by Moomoo AI

Avalon Holdings Corporation (Avalon), a diversified company with operations in waste management and golf and related activities, has filed its annual report for the fiscal year ended December 31, 2023. The report does not include specific financial performance metrics such as revenue, operating profit, net profit, or diluted earnings per share, and therefore a year-on-year or quarter-on-quarter comparison cannot be provided. Avalon's business development has been marked by a series of acquisitions and expansions, particularly in its golf and related operations segment. The company has acquired and developed various golf courses, country clubs, and related facilities, including The Grand Resort, which offers a comprehensive vacation experience with amenities such as a hotel, swimming pools, and a fitness...Show More
Avalon Holdings Corporation (Avalon), a diversified company with operations in waste management and golf and related activities, has filed its annual report for the fiscal year ended December 31, 2023. The report does not include specific financial performance metrics such as revenue, operating profit, net profit, or diluted earnings per share, and therefore a year-on-year or quarter-on-quarter comparison cannot be provided. Avalon's business development has been marked by a series of acquisitions and expansions, particularly in its golf and related operations segment. The company has acquired and developed various golf courses, country clubs, and related facilities, including The Grand Resort, which offers a comprehensive vacation experience with amenities such as a hotel, swimming pools, and a fitness center. Avalon's waste management services segment continues to provide brokerage and management services, as well as operating salt water injection wells. The company's future plans are not explicitly detailed in the report, but ongoing business developments suggest a focus on expanding its golf and related operations and maintaining its waste management services. Avalon's operations are subject to various risks, including economic conditions, competition, and regulatory changes, which could impact its financial performance. The company's market value as of March 11, 2024, was reported at $7.5 million for Class A Common Stock and approximately $1,333 for Class B Common Stock. Avalon's shares are registered on the NYSE Amex under the Class A Common Stock category.
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