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Avalon reports net revenue of $18M in third quarter

HOWLAND — Avalon Holdings Corp., a waste management and resort company in Howland, reported net operating revenue of $18 million in the third quarter of 2019, down $100,000 from the same quarter last year.

Net income attributable to common shareholders was $100,000 for the quarter compared to $800,000 in the third quarter of 2018, according to the company. The net income per share was 4 cents last quarter and 22 cents in the third quarter of 2018.

Through September, the company posted a net operating revenue of $51 million, up from $46.4 million for the same period last year. Also for the period, the net loss per share was zero, compared to a net income per share of 18 cents in the first nine months of 2018.

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