Avalon Holdings Corp. Files Q3 2024 10-Q

TL;DR

Avalon Holdings filed its Q3 2024 10-Q. Check financials.

AI Summary

Avalon Holdings Corp. filed its Q3 2024 10-Q report on November 8, 2024, covering the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which is involved in refuse systems and other business segments. Specific financial figures and operational details are provided within the report.

Why It Matters

This filing provides investors and analysts with the latest financial health and operational status of Avalon Holdings Corp., crucial for understanding its performance and future prospects.

Risk Assessment

Risk Level: medium — The risk level is medium due to the nature of SEC filings which can reveal significant financial or operational changes that impact a company's stock.

Key Numbers

• Q3 2024 — Reporting Period (The filing covers the third quarter of 2024.)
• 2024-09-30 — As of Date (The financial information is reported as of this date.)

Key Players & Entities

• AVALON HOLDINGS CORP (company) — Filer
• 20240930 (date) — Period of Report
• 20241108 (date) — Filing Date
• 4953 (other) — Standard Industrial Classification (Refuse Systems)
• OH (location) — State of Incorporation
• 3308568800 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.01 — hich registered Class A Common Stock, $0.01 par value AWX NYSE American Indic

Filing Documents

• awx20240930_10q.htm (10-Q) — 1340KB
• ex_741767.htm (EX-31.1) — 10KB
• ex_741768.htm (EX-31.2) — 10KB
• ex_741769.htm (EX-32.1) — 4KB
• ex_741770.htm (EX-32.2) — 4KB
• 0001437749-24-034232.txt ( ) — 6886KB
• awx-20240930.xsd (EX-101.SCH) — 61KB
• awx-20240930_def.xml (EX-101.DEF) — 418KB
• awx-20240930_lab.xml (EX-101.LAB) — 342KB
• awx-20240930_pre.xml (EX-101.PRE) — 447KB
• awx-20240930_cal.xml (EX-101.CAL) — 53KB
• awx20240930_10q_htm.xml (XML) — 1214KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited) 1 Condensed Consolidated Balance Sheets at September 30, 2024 and December 31, 2023 (Unaudited) 2 Condensed Consolidated Statements of Shareholders' Equity for the Three Months Ended September 30, 2024 and 2023 (Unaudited) 3 Condensed Consolidated Statements of Shareholders' Equity for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 4 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited) 5 Notes to Unaudited Condensed Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 36

Controls and Procedures

Item 4. Controls and Procedures 36

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 37

Changes in Securities and Use of Proceeds

Item 2. Changes in Securities and Use of Proceeds 37

Defaults upon Senior Securities

Item 3. Defaults upon Senior Securities 37

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 37

Other Information

Item 5. Other Information 37

Exhibits and Reports on Form 8-K

Item 6. Exhibits and Reports on Form 8-K 37 SIGNATURE 38 i

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS AVALON HOLDINGS CORPORATION AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Unaudited) (in thousands, except per share amounts) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Net operating revenues: Waste management services $ 11,461 $ 11,744 $ 36,151 $ 34,694 Food, beverage and merchandise sales 4,615 4,609 10,622 10,577 Other golf and related operations 8,159 7,576 19,377 17,907 Total golf and related operations 12,774 12,185 29,999 28,484 Total net operating revenues 24,235 23,929 66,150 63,178 Costs and expenses: Waste management services operating costs 8,949 9,262 28,372 27,866 Cost of food, beverage and merchandise 2,010 1,984 4,717 4,818 Golf and related operations operating costs 7,308 7,519 18,925 19,342 Depreciation and amortization expense 975 963 2,957 2,858 Selling, general and administrative expenses 2,719 2,815 7,970 7,846 Operating income 2,274 1,386 3,209 448 Other income (expense): Interest expense, net ( 502 ) ( 519 ) ( 1,531 ) ( 1,530 ) Other income, net - - 7 - Income (loss) before income taxes 1,772 867 1,685 ( 1,082 ) Provision for income taxes 42 39 126 93 Net income (loss) 1,730 828 1,559 ( 1,175 ) Less net loss attributable to non-controlling interest in subsidiaries ( 110 ) ( 57 ) ( 256 ) ( 231 ) Net income (loss) attributable to Avalon Holdings Corporation common shareholders $ 1,840 $ 885 $ 1,815 $ ( 944 ) Income (loss) per share attributable to Avalon Holdings Corporation common shareholders: Basic and diluted net income (loss) per share $ 0.47 $ 0.23 $ 0.47 $ ( 0.24 ) Weighted average shares outstanding - basic and diluted 3,899 3,899 3,899 3,899 See accompanying notes to unaudited condensed consolidated financial statement

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View this 10-Q filing on SEC EDGAR