If You Invested in Avalon Holdings (AWX)

Avalon Holdings Corporation (AWX) is a waste management company that also operates leisure and hospitality assets. According to company disclosures, Avalon Holdings Corporation provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets. Its activities in this area include waste management services, captive landfill management services and salt water injection well operations.

In addition to its waste management services, Avalon Holdings Corporation owns Avalon Resorts and Clubs Inc. The company states that this subsidiary includes the operation of a hotel and its associated resort amenities, four golf courses and related country clubs and a multipurpose recreation center. These golf and related operations generate revenues from food, beverage and merchandise sales and other golf and related activities, as reflected in the company’s reported segment information.

Avalon Holdings Corporation’s financial results are commonly discussed in terms of two broad areas: waste management services and golf and related operations. In its public earnings releases, the company presents net operating revenues and operating costs for waste management services, as well as separate line items for food, beverage and merchandise sales and other golf and related operations. This structure highlights the dual nature of the business, combining environmental services with resort and club operations.

The company has reported its results over multiple years through quarterly and annual press releases. These releases show that Avalon Holdings Corporation reports net operating revenues, operating income or loss, interest expense, other income, income before income taxes, provision for income taxes, and net income or loss attributable to Avalon Holdings Corporation common shareholders. They also show the presence of non-controlling interests in subsidiaries, which affect the allocation of net income or loss between Avalon Holdings Corporation shareholders and non-controlling interests.

Balance sheet data included in the company’s public releases indicate that Avalon Holdings Corporation reports current assets such as cash and cash equivalents, accounts receivable, unbilled membership dues receivable, inventories, prepaid expenses and other current assets. Noncurrent items include property and equipment, property and equipment under finance leases, operating lease right-of-use assets, restricted cash, noncurrent deferred tax assets and other assets. On the liabilities side, the company reports current portions of long-term debt and lease obligations, accounts payable, accrued payroll and other compensation, accrued taxes, deferred membership dues revenue and other liabilities and accrued expenses, along with longer-term debt, line of credit balances, lease obligations and an asset retirement obligation.

Avalon Holdings Corporation is incorporated in Ohio, as indicated in its Form 8-K filing. The same filing shows that the company has a line of credit agreement with a lender, which has been amended through a Change in Terms Agreement. This agreement extended the maturity date of the line of credit, and the filing notes the amount drawn under the line of credit at the time of the amendment. The company files reports with the Securities and Exchange Commission, including Form 8-K for material events.

According to repeated statements in its earnings releases, Avalon Holdings Corporation’s waste management services are focused on selected northeastern and midwestern U.S. markets. The company’s golf and related operations, managed through Avalon Resorts and Clubs Inc., include a hotel with resort amenities, four golf courses, related country clubs and a multipurpose recreation center. Together, these operations form the basis of Avalon Holdings Corporation’s business as presented in its public financial information.