AVALON HOLDINGS CORPORATION ANNOUNCES SECOND QUARTER RESULTS

Rhea-AI Summary

Avalon Holdings Corporation (NYSE American: AWX) reported second quarter 2026 net operating revenues of $20.9 million, up from $20.3 million a year earlier. Net income attributable to common shareholders rose to $0.9 million, compared with $0.3 million in the 2025 quarter, with basic EPS increasing to $0.23 from $0.07.

For the first six months of 2026, net operating revenues were $38.6 million versus $36.3 million in the prior-year period. The company recorded a net loss attributable to common shareholders of approximately $0.4 million, an improvement from a $1.2 million loss in the first half of 2025, with basic loss per share narrowing to $0.09 from $0.31. Segment revenues included second quarter waste management services of $10.1 million and total golf and related operations revenues of $10.8 million. Total assets at June 30, 2026 were $87.6 million and total Avalon shareholders' equity was $38.0 million.

Positive

• Q2 2026 net operating revenues $20.9 million vs. $20.3 million in Q2 2025
• Q2 2026 net income attributable to common shareholders $0.9 million vs. $0.3 million
• Q2 2026 basic EPS $0.23 vs. $0.07 in the prior-year quarter
• First-half 2026 net operating revenues $38.6 million vs. $36.3 million in first-half 2025
• First-half 2026 net loss attributable to common shareholders $0.4 million vs. $1.2 million loss a year earlier
• Q2 2026 operating income $1.4 million vs. $0.8 million in Q2 2025

Negative

• First-half 2026 net loss attributable to common shareholders approximately $0.4 million
• Q2 2026 interest expense $0.5 million, similar to $0.5 million in Q2 2025
• Long-term debt (excluding current portion) $27.7 million at June 30, 2026
• Total Avalon shareholders' equity $38.0 million at June 30, 2026 vs. $38.4 million at December 31, 2025

News Explained

The June 30 balance sheet separates $4,795 thousand cash from $8,166 thousand restricted cash while listing $27,710 thousand of long-term debt.

Avalon reported its second-quarter results for the period ended June 30, 2026; the balance sheet shows cash and equivalents of $4,795 thousand alongside long-term debt of $27,710 thousand and a $3,200 thousand line of credit.

It lists $8,166 thousand of restricted cash separately from cash and equivalents, distinguishing the reported cash balances by category.

Market Reaction – AWX

+12.31% $2.92 220.7x vol

15m delay

+12.31% Vs previous close

+15.5% Peak in 10 min

$2.92 Last Price

$2.53 $3.56 Day Range

$11.43M Market Cap

220.7x Rel. Volume

Following this news, AWX has gained 12.31%, reflecting a significant positive market reaction. Argus tracked a peak move of +15.5% during the session. Our momentum scanner has triggered 33 alerts so far, indicating elevated trading interest and price volatility. The stock is currently trading at $2.92. Trading volume is exceptionally heavy at 220.7x the average, suggesting very strong buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

AWX's earnings history included a 2.08% average move across five tag-matched events. That record pla...

Analysis

AWX's earnings history included a 2.08% average move across five tag-matched events. That record places this quarter's improved results alongside mixed precedent; low short positioning and the first-half loss remain relevant watch items.

Key Figures

Net operating revenues: $20.9 million Net income: $0.9 million Basic EPS: $0.23 +4 more

7 metrics

Net operating revenues $20.9 million Q2 2026 vs. $20.3 million in Q2 2025

Net income $0.9 million Q2 2026 attributable to common shareholders vs. $0.3 million

Basic EPS $0.23 Q2 2026 vs. $0.07 in Q2 2025

Six-month revenue $38.6 million First six months of 2026 vs. $36.3 million in 2025

Six-month net loss $0.4 million First six months of 2026 vs. $1.2 million loss in 2025

Six-month basic EPS $0.09 loss per share First six months of 2026 vs. $0.31 loss per share in 2025

Operating income $1.358 million Q2 2026 vs. $0.750 million in Q2 2025

Previous Earnings Reports

5 past events · Latest: May 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 05	First quarter results	Positive	+2.4%	Higher revenue and narrower quarterly loss produced a 2.4% 24-hour reaction.
Nov 07	Third quarter results	Positive	+6.3%	Quarterly revenue and net income increased, followed by a 6.32% reaction.
Aug 08	Second quarter results	Negative	+0.0%	Revenue and earnings declined, while the 24-hour price reaction was 0%.
May 07	First quarter results	Negative	-9.3%	Lower revenue and a wider loss preceded a -9.33% 24-hour reaction.
Mar 20	Full-year results	Positive	+11.0%	Full-year profitability improved materially, followed by an 11% 24-hour reaction.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Tag-matched earnings events showed mostly positive reactions, alongside one flat and one negative response.

Key Terms

non-controlling interest, operating lease right-of-use assets, weighted average shares outstanding

3 terms

non-controlling interest financial

"Less net loss attributable to non-controlling interest in subsidiary"

Non-controlling interest represents the portion of ownership in a company held by investors who do not have a controlling stake, meaning they do not have enough voting power to make major decisions. It is similar to owning a minority share of a business partner’s company—while they benefit from profits, they cannot control how the company is run. This matters to investors because it shows how much of the company's value is owned by outside shareholders and affects overall financial reporting.

operating lease right-of-use assets financial

"Operating lease right-of-use assets | $1,269"

An operating lease right-of-use (ROU) asset is an accounting entry that shows the value of a leased item you have the legal right to use—like a building, vehicle, or equipment—recorded on a company’s balance sheet along with the corresponding lease obligation. Investors care because it adds to reported assets and liabilities, changing measures like leverage and return on assets much like bringing a long-term rental onto the company’s financial snapshot, which can affect credit terms and valuation.

weighted average shares outstanding financial

"Weighted average shares outstanding - basic | 3,899"

The weighted average shares outstanding is the average number of a company’s common shares that were available during a reporting period, adjusted so each change (like new shares issued or shares bought back) counts only for the portion of the period it was in effect. Investors use it to calculate per-share measures such as earnings per share, so it shows how ownership dilution or buybacks affect what each share is entitled to—like averaging how many people were at a potluck over time to determine each person’s share of the food.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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WARREN, Ohio, Aug, 7, 2026 /PRNewswire/ -- Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the second quarter of 2026.

Net operating revenues in the second quarter of 2026 were $20.9 million compared with $20.3 million in the second quarter of 2025. The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.9 million in the second quarter of 2026 compared with net income attributable to Avalon Holdings Corporation common shareholders of $0.3 million in the second quarter of 2025. For the second quarter of 2026, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.23 compared with basic net income per share attributable to Avalon Holdings Corporation common shareholders of $0.07 in the second quarter of 2025.

For the first six months of 2026, net operating revenues were $38.6 million compared with $36.3 million for the first six months of 2025. The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of approximately $0.4 million in the first six months of 2026 compared with net loss attributable to Avalon Holdings Corporation common shareholders of $1.2 million in the first six months of 2025. For the first six months of 2026, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.09 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.31 in the first six months of 2025.

Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, captive landfill management services and salt water injection well operations. Avalon Holdings Corporation 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.

 

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except for per share amounts)
	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2026		2025		2026		2025
Net operating revenues:
Waste management services	$          10,113		$            9,742		$          21,622		$          19,419
Food, beverage and merchandise sales	4,113		3,760		6,126		5,784
Other golf and related operations	6,672		6,750		10,809		11,117
Total golf and related operations	10,785		10,510		16,935		16,901
Total net operating revenues	20,898		20,252		38,557		36,320
Costs and expenses:
Waste management services operating costs	7,669		7,489		16,552		15,071
Cost of food, beverage and merchandise	1,770		1,717		2,762		2,730
Golf and related operations operating costs	6,571		6,878		11,476		11,975
Depreciation and amortization expense	927		965		1,855		1,935
Selling, general and administrative expenses	2,603		2,453		5,290		5,010
Operating income (loss)	1,358		750		622		(401)
Other income (expense):
Interest expense	(504)		(510)		(1,008)		(1,020)
Loss on disposal	(15)		-		(15)		-
Income (loss) before income taxes	839		240		(401)		(1,421)
Provision for income taxes	30		29		71		54
Net income (loss)	809		211		(472)		(1,475)
Less net loss attributable to non-controlling interest in subsidiary	(75)		(63)		(121)		(250)
Net income (loss) attributable to Avalon Holdings Corporation common shareholders	$               884		$               274		$             (351)		$           (1,225)
Income (loss) per share attributable to Avalon Holdings Corporation common shareholders:
Basic  net income (loss) per share	$              0.23		$              0.07		$            (0.09)		$            (0.31)
Weighted average shares outstanding - basic	3,899		3,899		3,899		3,899

 

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)
	June 30,		December 31,
	2026		2025
Assets
Current Assets:
Cash and cash equivalents	$               4,795		$               4,114
Accounts receivable, net	10,183		9,819
Unbilled membership dues receivable	988		541
Inventories	1,838		1,555
Prepaid expenses	677		919
Other current assets	15		15
Total current assets	18,496		16,963
Property and equipment, net	53,147		53,982
Property and equipment under finance leases, net	6,485		6,267
Operating lease right-of-use assets	1,269		1,379
Restricted cash	8,166		8,730
Noncurrent deferred tax asset	32		32
Other assets, net	27		28
Total assets	$             87,622		$             87,381
Liabilities and Equity
Current liabilities:
Current portion of long term debt	$                  634		$                  614
Current portion of obligations under finance leases	376		384
Current portion of obligations under operating leases	372		362
Accounts payable	6,598		7,984
Accrued payroll and other compensation	1,620		1,244
Accrued taxes	660		660
Deferred membership dues revenue	5,766		3,529
Other liabilities and accrued expenses	2,090		2,054
Total current liabilities	18,116		16,831
Long term debt, net of current portion	27,710		28,032
Line of credit	3,200		3,200
Obligations under finance leases, net of current portion	1,118		1,248
Obligations under operating leases, net of current portion	897		1,017
Asset retirement obligation	100		100
Equity:
Total Avalon Holdings Corporation Shareholders' Equity	38,004		38,355
Non-controlling interest in subsidiary	(1,523)		(1,402)
Total shareholders' equity	36,481		36,953
Total liabilities and equity	$             87,622		$             87,381

 

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SOURCE Avalon Holdings Corporation

FAQ

How did Avalon Holdings (AWX) perform in Q2 2026?

Avalon Holdings reported higher Q2 2026 net operating revenues of $20.9 million and net income attributable to common shareholders of $0.9 million. According to Avalon Holdings Corporation, basic EPS rose to $0.23, compared with $0.07 in the second quarter of 2025.

What were Avalon Holdings (AWX) first-half 2026 results compared to 2025?

Avalon Holdings generated first-half 2026 net operating revenues of $38.6 million, up from $36.3 million a year earlier. According to Avalon Holdings Corporation, the net loss attributable to common shareholders narrowed to about $0.4 million from $1.2 million, with basic loss per share improving to $0.09.

How did Avalon Holdings (AWX) waste management and golf segments perform in Q2 2026?

In Q2 2026, waste management services revenues were $10.1 million, compared with $9.7 million in Q2 2025. According to Avalon Holdings Corporation, total golf and related operations revenues were $10.8 million, versus $10.5 million in the prior-year quarter, including food, beverage and merchandise sales.

What was Avalon Holdings (AWX) earnings per share in Q2 2026 and year-to-date?

Basic net income per share was $0.23 in Q2 2026, up from $0.07 in Q2 2025. According to Avalon Holdings Corporation, basic net loss per share for the first six months of 2026 was $0.09, compared with a $0.31 loss a year earlier.

What does Avalon Holdings (AWX) balance sheet look like as of June 30, 2026?

As of June 30, 2026, Avalon Holdings reported $87.6 million in total assets and $18.1 million in current liabilities. According to Avalon Holdings Corporation, total Avalon shareholders' equity was $38.0 million, with long-term debt (excluding current portion) of $27.7 million and a $3.2 million line of credit.

Is Avalon Holdings (AWX) still reporting a net loss for 2026 year-to-date?

Yes, Avalon Holdings reported a first-half 2026 net loss attributable to common shareholders of about $0.4 million. According to Avalon Holdings Corporation, this compares with a larger loss of $1.2 million in the first six months of 2025, indicating reduced year-to-date losses.