AVALON HOLDINGS CORPORATION ANNOUNCES FIRST QUARTER RESULTS

阿瓦隆控股公司公佈第一季度業績

PR Newswire · 05/09 05:05

WARREN, Ohio, May 8, 2024 /PRNewswire/ -- Avalon Holdings Corporation (NYSE Amex:AWX) today announced financial results for the first quarter of 2024.

Net operating revenues in the first quarter of 2024 were $18.9 million compared with $18.4 million in the first quarter of 2023. The Company recorded a net loss attributable to Avalon Holdings Corporation common shareholders of $1.0 million in the first quarter of 2024 compared with net loss attributable to Avalon Holdings Corporation common shareholders of $1.7 million in the first quarter of 2023. For the first quarter of 2024, basic net loss per share attributable to Avalon Holdings Corporation common shareholders was $0.25 compared with basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.43 in the first quarter of 2023.

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
	March 31,
	2024	2023

Net operating revenues:
Waste management services	$ 12,470	$ 12,652
Food, beverage and merchandise sales	2,011	1,974
Other golf and related operations	4,377	3,819
Total golf and related operations	6,388	5,793
Total net operating revenues	18,858	18,445

Costs and expenses:
Waste management services operating costs	9,897	10,380
Cost of food, beverage and merchandise	1,025	1,023
Golf and related operations operating costs	4,873	4,836
Depreciation and amortization expense	980	940
Selling, general and administrative expenses	2,596	2,530
Operating loss	(513)	(1,264)

Other income (expense):
Interest expense, net	(508)	(504)
Other income, net	7	-
Loss before income taxes	(1,014)	(1,768)

Provision for income taxes	40	31
Net loss	(1,054)	(1,799)

Less net loss attributable to non-controlling interest in subsidiaries	(75)	(122)
Net loss attributable to Avalon Holdings Corporation common shareholders	$ (979)	$ (1,677)

Loss per share attributable to Avalon Holdings Corporation common shareholders:
Basic net loss per share	$ (0.25)	$ (0.43)

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

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)


	March 31,	December 31,
	2024	2023
Assets
Current Assets:
Cash and cash equivalents	$ 1,163	$ 1,187
Accounts receivable, net	12,265	9,499
Unbilled membership dues receivable	790	567
Inventories	1,861	1,662
Prepaid expenses	1,282	1,116
Other current assets	16	14
Total current assets	17,377	14,045

Property and equipment, net	56,158	56,630
Property and equipment under finance leases, net	5,580	5,711
Operating lease right-of-use assets	1,254	1,270
Restricted cash	10,192	10,265
Noncurrent deferred tax asset	8	8
Other assets, net	34	36
Total assets	$ 90,603	$ 87,965

Liabilities and Equity
Current liabilities:
Current portion of long term debt	$ 547	$ 538
Current portion of obligations under finance leases	197	198
Current portion of obligations under operating leases	417	432
Accounts payable	11,316	9,657
Accrued payroll and other compensation	1,753	1,277
Accrued taxes	504	539
Deferred membership dues revenue	5,158	3,443
Other liabilities and accrued expenses	1,863	1,825
Total current liabilities	21,755	17,909

Long-term debt, net of current portion	29,080	29,220
Line of credit	3,200	3,200
Obligations under finance leases, net of current portion	585	598
Obligations under operating leases, net of current portion	837	838
Asset retirement obligation	100	100

Equity:
Total Avalon Holdings Corporation Shareholders' Equity	35,737	36,716
Non-controlling interest in subsidiaries	(691)	(616)
Total shareholders' equity	35,046	36,100
Total liabilities and equity	$ 90,603	$ 87,965

SOURCE Avalon Holdings Corporation

WARREN, Ohio, May 8, 2024 /PRNewswire/ -- Avalon Holdings Corporation (NYSE Amex:AWX) today announced financial results for the first quarter of 2024.

俄亥俄州沃倫，2024年5月8日 /PRNewswire/ — 阿瓦隆控股公司（紐約證券交易所AMEX: AWX）今天公佈了2024年第一季度的財務業績。

2024年第一季度的淨營業收入爲1,890萬美元，而2023年第一季度爲1,840萬美元。該公司在2024年第一季度錄得歸屬於阿瓦隆控股公司普通股股東的淨虧損爲100萬美元，而2023年第一季度歸屬於阿瓦隆控股公司普通股股東的淨虧損爲170萬美元。2024年第一季度，歸屬於阿瓦隆控股公司普通股股東的基本每股淨虧損爲0.25美元，而2023年第一季度歸屬於阿瓦隆控股公司普通股股東的基本每股淨虧損爲0.43美元。

Avalon Holdings Corporation爲美國東北部和中西部部分市場的工業、商業、市政和政府客戶提供廢物管理服務、專屬垃圾填埋場管理服務和鹽水注入井作業。Avalon Holdings Corporation還擁有Avalon Resorts and Clubs Inc.，該公司包括經營一家酒店及其相關的度假設施、四個高爾夫球場和相關的鄉村俱樂部以及一個多功能娛樂中心。

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Statements of Operations (Unaudited)
(in thousands, except for per share amounts)


	Three Months Ended
	March 31,
	2024	2023

Net operating revenues:
Waste management services	$ 12,470	$ 12,652
Food, beverage and merchandise sales	2,011	1,974
Other golf and related operations	4,377	3,819
Total golf and related operations	6,388	5,793
Total net operating revenues	18,858	18,445

Costs and expenses:
Waste management services operating costs	9,897	10,380
Cost of food, beverage and merchandise	1,025	1,023
Golf and related operations operating costs	4,873	4,836
Depreciation and amortization expense	980	940
Selling, general and administrative expenses	2,596	2,530
Operating loss	(513)	(1,264)

Other income (expense):
Interest expense, net	(508)	(504)
Other income, net	7	-
Loss before income taxes	(1,014)	(1,768)

Provision for income taxes	40	31
Net loss	(1,054)	(1,799)

Less net loss attributable to non-controlling interest in subsidiaries	(75)	(122)
Net loss attributable to Avalon Holdings Corporation common shareholders	$ (979)	$ (1,677)

Loss per share attributable to Avalon Holdings Corporation common shareholders:
Basic net loss per share	$ (0.25)	$ (0.43)

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

阿瓦隆控股公司和子公司
簡明合併運營報表（未經審計）
（以千計，每股金額除外）


	三個月已結束
	3月31日
	2024	2023

淨營業收入：
廢物管理服務	12,470 美元	12,652 美元
食品、飲料和商品銷售	2,011	1,974
其他高爾夫及相關業務	4,377	3,819
高爾夫及相關業務總額	6,388	5,793
淨營業收入總額	18,858	18,445

成本和支出：
廢物管理服務運營成本	9,897	10,380
食品、飲料和商品的成本	1,025	1,023
高爾夫及相關運營運營成本	4,873	4,836
折舊和攤銷費用	980	940
銷售、一般和管理費用	2,596	2,530
營業虧損	(513)	(1,264)

其他收入（支出）：
利息支出，淨額	(508)	(504)
其他收入，淨額	7	-
所得稅前虧損	(1,014)	(1,768)

所得稅準備金	40	31
淨虧損	(1,054)	(1,799)

減去歸因於子公司非控股權益的淨虧損	(75)	(122)
歸屬於阿瓦隆控股公司普通股股東的淨虧損	$ (979)	美元 (1,677)

歸屬於阿瓦隆控股公司普通股股東的每股虧損：
每股基本淨虧損	美元 (0.25)	美元 (0.43)

已發行股票的加權平均值——基本	3,899	3,899

AVALON HOLDINGS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets (Unaudited)
(in thousands)


	March 31,	December 31,
	2024	2023
Assets
Current Assets:
Cash and cash equivalents	$ 1,163	$ 1,187
Accounts receivable, net	12,265	9,499
Unbilled membership dues receivable	790	567
Inventories	1,861	1,662
Prepaid expenses	1,282	1,116
Other current assets	16	14
Total current assets	17,377	14,045

Property and equipment, net	56,158	56,630
Property and equipment under finance leases, net	5,580	5,711
Operating lease right-of-use assets	1,254	1,270
Restricted cash	10,192	10,265
Noncurrent deferred tax asset	8	8
Other assets, net	34	36
Total assets	$ 90,603	$ 87,965

Liabilities and Equity
Current liabilities:
Current portion of long term debt	$ 547	$ 538
Current portion of obligations under finance leases	197	198
Current portion of obligations under operating leases	417	432
Accounts payable	11,316	9,657
Accrued payroll and other compensation	1,753	1,277
Accrued taxes	504	539
Deferred membership dues revenue	5,158	3,443
Other liabilities and accrued expenses	1,863	1,825
Total current liabilities	21,755	17,909

Long-term debt, net of current portion	29,080	29,220
Line of credit	3,200	3,200
Obligations under finance leases, net of current portion	585	598
Obligations under operating leases, net of current portion	837	838
Asset retirement obligation	100	100

Equity:
Total Avalon Holdings Corporation Shareholders' Equity	35,737	36,716
Non-controlling interest in subsidiaries	(691)	(616)
Total shareholders' equity	35,046	36,100
Total liabilities and equity	$ 90,603	$ 87,965

阿瓦隆控股公司和子公司
簡明合併資產負債表（未經審計）
（以千計）


	3月31日	十二月三十一日
	2024	2023
資產
流動資產：
現金和現金等價物	1,163 美元	1,187 美元
應收賬款，淨額	12,265	9,499
未計費的應收會費	790	567
庫存	1,861	1,662
預付費用	1,282	1,116
其他流動資產	16	14
流動資產總額	17,377	14,045

財產和設備，淨額	56,158	56,630
融資租賃下的財產和設備，淨額	5,580	5,711
經營租賃使用權資產	1,254	1,270
受限制的現金	10,192	10,265
非流動遞延所得稅資產	8	8
其他資產，淨額	34	36
總資產	90,603 美元	87,965 美元

負債和權益
流動負債：
長期債務的流動部分	547 美元	538 美元
融資租賃項下債務的當期部分	197	198
經營租賃項下債務的當期部分	417	432
應付賬款	11,316	9,657
應計工資和其他薪酬	1,753	1,277
應計稅款	504	539
遞延會費收入	5,158	3,443
其他負債和應計費用	1,863	1,825
流動負債總額	21,755	17,909

長期債務，扣除流動部分	29,080	29,220
信用額度	3,200	3,200
融資租賃下的債務，扣除當期部分	585	598
經營租賃下的債務，扣除當期部分	837	838
資產報廢義務	100	100

股權：
阿瓦隆控股公司股東權益總額	35,737	36,716
子公司的非控股權益	(691)	(616)
股東權益總額	35,046	36,100
負債和權益總額	90,603 美元	87,965 美元

SOURCE Avalon Holdings Corporation

來源 Avalon Holdings 公司

譯文內容由第三人軟體翻譯。

以上內容僅用作資訊或教育之目的，不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。

AVALON HOLDINGS CORPORATION ANNOUNCES FIRST QUARTER RESULTS

AVALON HOLDINGS CORPORATION ANNOUNCES FIRST QUARTER RESULTS

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