AVALON HOLDINGS CORP SEC 10-Q Report

Avalon Holdings Corp has released its Form 10-Q report for Q3 2025, showing total net operating revenues of $25.7 million, up from $24.2 million in Q3 2024. Operating income remained stable at $2.3 million, while net income increased to $1.8 million. The waste management services segment contributed approximately 50% of revenues. Avalon expects sufficient cash flow for operations and plans capital expenditures of $1.5 to $2.5 million for improvements. The company aims to enhance market share and shareholder value through its growth strategy.

Avalon Holdings Corp, a diversified company operating in waste management services and golf-related operations, has released its Form 10-Q report for the third quarter of 2025. The report highlights the company's financial performance and operational achievements, reflecting its strategic initiatives and market position.

Financial Highlights

Total Net Operating Revenues: $25.7 million for the three months ended September 30, 2025, reflecting an increase from $24.2 million in the same period of 2024, driven by growth in waste management services.
Operating Income: $2.3 million for the three months ended September 30, 2025, compared to $2.3 million in the same period of 2024, indicating stable operational efficiency.
Net Income: $1.8 million for the three months ended September 30, 2025, up from $1.7 million in the same period of 2024, supported by effective cost management.
Net Income Attributable to Avalon Holdings Corporation Common Shareholders: $1.9 million for the three months ended September 30, 2025, compared to $1.8 million in the same period of 2024.
Basic Net Income Per Share: $0.49 for the three months ended September 30, 2025, compared to $0.47 in the same period of 2024, reflecting improved profitability per share.

Business Highlights

Revenue Segments: The waste management services segment accounted for approximately 50% of Avalon’s total consolidated net operating revenues for the three months ended September 30, 2025, and 52% for the nine months ended September 30, 2025. The golf and related operations segment represented approximately 50% of total consolidated net operating revenues for the three months ended September 30, 2025, and 48% for the nine months ended September 30, 2025.
Operational Performance: The waste management services segment provides hazardous and nonhazardous waste brokerage and management services, captive landfill management, and salt water injection well operations. The golf and related operations segment includes the operation of four golf courses, a hotel, and associated amenities.
Geographical Performance: Avalon operates primarily in the northeastern and midwestern United States, with no operations outside the United States, focusing on industrial, commercial, municipal, and governmental customers.
Sales Units: The waste management services segment saw an increase in accounts receivable due to improved business activity, indicating higher sales volumes in the third quarter of 2025 compared to the fourth quarter of 2024.
Future Outlook: Avalon anticipates that cash provided from future operations will be sufficient to meet operating requirements and make required monthly payments under its term loan facility. The company expects capital expenditures in 2025 to be in the range of $1.5 million to $2.5 million, primarily for hotel room remodeling and other improvements.
Growth Strategy: Avalon’s growth strategy for the waste management services segment focuses on increasing revenue, gaining market share, and enhancing shareholder value through internal growth, leveraging its flexibility and relationships with various disposal facilities and transporters.

SEC Filing: AVALON HOLDINGS CORP [ AWX ] - 10-Q - Nov. 07, 2025