Avalon Holdings announces results
WARREN – Avalon Holdings Corp. announced financial results for the third quarter of 2014.
Net operating revenues in the third quarter of 2014 were $14.4 million compared with $16.4 million in the third quarter of 2013. The company recorded net income of $.1 million, or $.03 per share for the third quarter of 2014, compared with net income of $.4 million, or $.11 per share for the third quarter of 2013.
For the first nine months of 2014, net operating revenues were $37.4 million compared to $46.8 million for the first nine months of 2013. The Company incurred a net loss of $.7 million, or $.18 per share for the first nine months of 2014, compared with net income of $.7 million or $.19 per share for the first nine months of 2013.
Avalon Holdings Corp. provides waste management services to industrial, commercial, municipal and governmental customers in selected northeastern and midwestern U.S. markets. Avalon Holdings Corp. also owns The Avalon Resort and Spa, which includes the operations of a hotel and the Avalon Golf and Country Club, which operates golf courses and related facilities.