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Avalon Holdings Corporation reports recurring financial results for an operating company with waste management and resort-related businesses. The company provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets, including captive landfill management services and saltwater injection well operations.
Avalon also owns Avalon Resorts and Clubs Inc., which operates a hotel with resort amenities, four golf courses, related country clubs and a multipurpose recreation center. Company news is centered on quarterly and annual operating results, revenue trends, earnings or loss per share, and updates tied to these waste management and hospitality assets.
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Avalon Holdings Corporation (NYSE Amex: AWX) reported its financial results for Q4 and FY 2022, revealing a rise in net operating revenues to $21.6 million, up from $17.6 million in Q4 2021. However, the company faced a net loss of $1.0 million compared to a loss of $0.5 million in the previous year. For FY 2022, total revenues reached $81.2 million, an increase from $70.4 million in 2021. Net loss attributable to shareholders was $0.6 million, significantly down from a net income of $2.0 million in 2021, marking a basic net loss per share of $0.15.
Avalon Holdings Corporation (AWX) reported third-quarter 2022 financial results, revealing net operating revenues of $25.7 million, up from $21.3 million in Q3 2021. The company recorded a net income of $1.2 million, compared to $1.0 million a year earlier, with basic net income per share increasing to $0.30 from $0.25. For the first nine months, net revenues reached $59.5 million versus $52.8 million in the prior year, but net income dropped to $0.4 million from $2.4 million in 2021, with per-share earnings declining to $0.10 from $0.63.
Avalon Holdings Corporation (NYSE Amex: AWX) reported a net operating revenue of $19.5 million for Q2 2022, up from $16.4 million in Q2 2021. Net income attributable to common shareholders was $0.5 million or $0.12 per share, down from $0.7 million or $0.19 per share the previous year. For the first half of 2022, revenues reached $33.8 million, an increase from $31.5 million in H1 2021. However, the company reported a net loss of $0.8 million for the first six months, contrasting with a net income of $1.5 million in the same period last year.
Avalon Holdings Corporation (AWX) reported a net loss of $1.3 million for Q1 2022, a decline from a net income of $0.7 million in Q1 2021. Net operating revenues fell to $14.3 million, down from $15.1 million from the previous year. Basic and diluted net loss per share was $0.32, contrasting with $0.18 income per share a year earlier. Operating costs increased in both waste management services and associated operations, impacting profitability.
Avalon Holdings Corporation (AWX) reported its financial results for Q4 and the fiscal year 2021. Fourth-quarter net operating revenues increased to $17.6 million, compared to $14.6 million in Q4 2020. However, the company experienced a net loss of $0.5 million for the quarter, compared to a profit of $0.5 million in the same period last year. For the fiscal year 2021, revenues rose to $70.4 million, up from $58.7 million in 2020, with net income of $2.0 million.