{"id":456496,"date":"2021-03-11T17:04:12","date_gmt":"2021-03-11T22:04:12","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=456496"},"modified":"2021-03-11T17:04:12","modified_gmt":"2021-03-11T22:04:12","slug":"avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/","title":{"rendered":"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n WARREN, Ohio<\/span>, March 11, 2021<\/span> \/PRNewswire\/ — Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020<\/span>.<\/p>\n

Net operating revenues in the fourth quarter of 2020 were $14.6 million<\/span> compared with $17.3 million<\/span> in the fourth quarter of 2019.\u00a0 The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.5 million<\/span> in the fourth quarter of 2020 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.4 million<\/span> in the fourth quarter of 2019.\u00a0 For the fourth quarter of 2020, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.12<\/span> compared with a basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.11<\/span> in the fourth quarter of 2019.<\/p>\n

For the year ended December 31, 2020<\/span>, net operating revenues were $58.7 million<\/span> compared with $68.4 million<\/span> for the year ended December 31, 2019<\/span>. The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of less than $0.1 million<\/span> for the year ended December 31, 2020<\/span> compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.5 million<\/span> for the year ended December 31<\/span>, 2019.\u00a0 For the year ended December 31, 2020<\/span>, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.00<\/span> compared with a basic net loss per share attributable to Avalon Holdings Corporation common shareholders of $0.12<\/span> for year ended December 31, 2019<\/span>.<\/p>\n

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.\u00a0 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.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n AVALON HOLDINGS CORPORATION AND SUBSIDIARIES<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Condensed Consolidated Statements of Operations (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n (in thousands, except for per share amounts)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Year Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net operating revenues:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Waste management services<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a010,824<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a012,823<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a040,371<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a048,731<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Food, beverage and merchandise sales<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,169<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,866<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 6,416<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,893<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other golf and related operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,632<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,617<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,933<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,733<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total golf and related operations<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,801<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,483<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,349<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,626<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total net operating revenues<\/span>\n <\/p>\n<\/td>\n

\n

\n 14,625<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,306<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 58,720<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 68,357<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Costs and expenses:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Waste management services operating costs<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,185<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10,418<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 31,658<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39,191<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Cost of food, beverage and merchandise<\/span>\n <\/p>\n<\/td>\n

\n

\n 626<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 811<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,810<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,494<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Golf and related operations operating costs<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,770<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,547<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,587<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation and amortization expense<\/span>\n <\/p>\n<\/td>\n

\n

\n 757<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 674<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,909<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,522<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Selling, general and administrative expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,403<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,440<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,672<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9,430<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n (116)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (263)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 124<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 133<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Other income (expense):<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Interest expense<\/span>\n <\/p>\n<\/td>\n

\n

\n (297)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (237)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,210)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (837)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Gain on debt extinguishment<\/span>\n <\/p>\n<\/td>\n

\n

\n 801<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 801<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other income, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 73<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 337<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 329<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income (loss) before income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 461<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (428)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (375)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Provision for income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 98<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 160<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss)<\/span>\n <\/p>\n<\/td>\n

\n

\n 458<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (453)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (46)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (535)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Less net loss attributable to non-controlling interest in subsidiary<\/span>\n <\/p>\n<\/td>\n

\n

\n (23)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (13)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (60)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (80)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net income (loss) attributable to Avalon Holdings Corporation common shareholders<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 481<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(440)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(455)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income (loss) per share attributable to Avalon Holdings Corporation common shareholders:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Basic net income (loss) per share<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.12)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Diluted net income (loss) per share<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.12)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Weighted average shares outstanding – basic<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,876<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,875<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,876<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,875<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Weighted average shares outstanding – diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,885<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,875<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,878<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,875<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n AVALON HOLDINGS CORPORATION AND SUBSIDIARIES<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Condensed Consolidated Balance Sheets (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (in thousands)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2019<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Assets<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current Assets:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Cash and cash equivalents<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a04,210<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,446<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accounts receivable, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 8,744<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,009<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Unbilled membership dues receivable<\/span>\n <\/p>\n<\/td>\n

\n

\n 585<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 602<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Inventories<\/span>\n <\/p>\n<\/td>\n

\n

\n 910<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 813<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Prepaid expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 730<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 725<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other current assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 80<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total current assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 15,259<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,610<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Property and equipment, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 51,299<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 48,978<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Property and equipment under finance leases, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,735<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,878<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Operating lease right-of-use assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,728<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,466<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Restricted cash<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,885<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,185<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noncurrent deferred tax asset<\/span>\n <\/p>\n<\/td>\n

\n

\n 8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other assets, net<\/span>\n <\/p>\n<\/td>\n

\n

\n 36<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 39<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total assets<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 77,950<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 79,164<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Liabilities and Equity<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current liabilities:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Current portion of long term debt<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,594<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a01,015<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of obligations under finance leases<\/span>\n <\/p>\n<\/td>\n

\n

\n 333<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 295<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Current portion of obligations under operating leases<\/span>\n <\/p>\n<\/td>\n

\n

\n 529<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 513<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accounts payable<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,097<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,719<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accrued payroll and other compensation<\/span>\n <\/p>\n<\/td>\n

\n

\n 809<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 961<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Accrued income taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 43<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 93<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other accrued taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n 461<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 434<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Deferred membership dues revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,196<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 3,153<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other liabilities and accrued expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,121<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 839<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total current liabilities<\/span>\n <\/p>\n<\/td>\n

\n

\n 17,183<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,022<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Long term debt, net of current portion<\/span>\n <\/p>\n<\/td>\n

\n

\n 21,941<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21,570<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Obligations under finance leases, net of current portion<\/span>\n <\/p>\n<\/td>\n

\n

\n 560<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 555<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Obligations under operating leases, net of current portion<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,199<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 953<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Asset retirement obligation<\/span>\n <\/p>\n<\/td>\n

\n

\n 100<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 100<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Equity:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Total Avalon Holdings Corporation Shareholders’ Equity<\/span>\n <\/p>\n<\/td>\n

\n

\n 37,093<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37,030<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Non-controlling interest in subsidiary<\/span>\n <\/p>\n<\/td>\n

\n

\n (126)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (66)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total shareholders’ equity<\/span>\n <\/p>\n<\/td>\n

\n

\n 36,967<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36,964<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total liabilities and equity<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 77,950<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 79,164<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results-301244678.html<\/a><\/p>\n

SOURCE Avalon Holdings Corporation<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire WARREN, Ohio, March 11, 2021 \/PRNewswire\/ — Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. Net operating revenues in the fourth quarter of 2020 were $14.6 million compared with $17.3 million in the fourth quarter of 2019.\u00a0 The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.5 million in the fourth quarter of 2020 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.4 million in the fourth quarter of 2019.\u00a0 For the fourth quarter of 2020, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.12 compared with a basic net loss … <\/p>\n

Continue reading “Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-456496","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAvalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire WARREN, Ohio, March 11, 2021 \/PRNewswire\/ — Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. Net operating revenues in the fourth quarter of 2020 were $14.6 million compared with $17.3 million in the fourth quarter of 2019.\u00a0 The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.5 million in the fourth quarter of 2020 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.4 million in the fourth quarter of 2019.\u00a0 For the fourth quarter of 2020, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.12 compared with a basic net loss … Continue reading "Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-11T22:04:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL03593&sd=2021-03-11\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results\",\"datePublished\":\"2021-03-11T22:04:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/\"},\"wordCount\":627,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CL03593&sd=2021-03-11\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\\\/\",\"name\":\"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/","og_locale":"en_US","og_type":"article","og_title":"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results - Market Newsdesk","og_description":"PR Newswire WARREN, Ohio, March 11, 2021 \/PRNewswire\/ — Avalon Holdings Corporation (NYSE Amex: AWX) today announced financial results for the fourth quarter and fiscal year ended December 31, 2020. Net operating revenues in the fourth quarter of 2020 were $14.6 million compared with $17.3 million in the fourth quarter of 2019.\u00a0 The Company recorded net income attributable to Avalon Holdings Corporation common shareholders of $0.5 million in the fourth quarter of 2020 compared with a net loss attributable to Avalon Holdings Corporation common shareholders of $0.4 million in the fourth quarter of 2019.\u00a0 For the fourth quarter of 2020, basic net income per share attributable to Avalon Holdings Corporation common shareholders was $0.12 compared with a basic net loss … Continue reading \"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-11T22:04:12+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL03593&sd=2021-03-11","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results","datePublished":"2021-03-11T22:04:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/"},"wordCount":627,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL03593&sd=2021-03-11","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/avalon-holdings-corporation-announces-2020-full-year-and-fourth-quarter-results\/","name":"Avalon Holdings Corporation Announces 2020 Full Year And Fourth Quarter Results - 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