Summary by Moomoo AI
Avalon Holdings Corporation (Avalon) reported increased net operating revenues of $24.2 million for Q3 2024 compared to $24.0 million in Q3 2023, with a net income of $1.8 million, or $0.47 per share, up from $0.9 million, or $0.23 per share, in the same period last year. The waste management services segment saw a slight decrease in revenues from $11.7 million to $11.5 million, attributed to a reduction in continuous and event work projects. Conversely, the golf and related operations segment experienced an increase from $12.2 million to $12.8 million, due to higher business activity at The Grand Resort and country clubs. Operating costs for waste management services decreased to $8.9 million, while golf and related operations costs dropped to $9.3 million, reflecting cost-cutting efforts. For the nine months ended September 30, 2024, Avalon's net operating...Show More