Avalon Holdings Corporation (AWX) Bundle
An Overview of Avalon Holdings Corporation (AWX)
General Overview of Avalon Holdings Corporation (AWX)
Avalon Holdings Corporation, founded in 1998, operates in the waste management and golf-related operations sectors. The company provides waste disposal brokerage and management services, captive landfill management, and saltwater injection well operations. In addition, Avalon owns and operates The Grand Resort, which offers lodging, dining, and recreational facilities, alongside several golf courses. As of 2024, Avalon Holdings has reported net operating revenues of approximately $66.2 million for the first nine months of the year, marking an increase from $63.2 million in the same period of 2023.
Company's Financial Performance in Latest Financial Reports
In the latest financial reports for the third quarter of 2024, Avalon Holdings Corporation achieved a net income of $1.8 million, or $0.47 per share, compared to $0.9 million, or $0.23 per share, in the same quarter of 2023. The financial performance for the first nine months of 2024 showed:
| Metric | 2024 | 2023 |
|---|---|---|
| Net Operating Revenues | $66.2 million | $63.2 million |
| Net Income | $1.8 million | Net Loss of $0.9 million |
| Waste Management Revenues | $36.2 million | $34.7 million |
| Golf Operations Revenues | $30.0 million | $28.5 million |
| Interest Expense | $1.5 million | $1.5 million |
The increase in revenue is attributed to enhanced operational efficiency and an increase in both continuous work and event projects within the waste management segment. Additionally, the golf and related operations segment also saw growth due to increased business activities and higher occupancy rates at The Grand Resort.
Avalon Holdings as a Leader in the Industry
Avalon Holdings Corporation has established itself as a prominent player in the waste management and recreational industry, leveraging its diversified portfolio to drive growth. The company’s strategic focus on waste management services has led to significant contributions to its overall revenues, accounting for approximately 55% of total consolidated revenues in the first nine months of 2024. Furthermore, its golf and related operations have expanded, enhancing customer engagement and loyalty through various marketing strategies. Avalon’s continual investment in facilities and services positions it as a leader in providing high-quality waste management solutions and recreational experiences.
Mission Statement of Avalon Holdings Corporation (AWX)
Mission Statement of Avalon Holdings Corporation (AWX)
Avalon Holdings Corporation's mission statement emphasizes its commitment to providing high-quality waste management and golf-related services while promoting sustainability and community engagement. This mission serves as a guiding principle for the company's strategic goals and operational decisions, aligning its resources and efforts towards achieving long-term success.
Core Component 1: Commitment to Quality
Avalon Holdings Corporation prioritizes the delivery of high-quality products and services across its business segments. In the waste management services sector, net operating revenues reached approximately $36.2 million in the first nine months of 2024, reflecting an increase from $34.7 million in the same period of the previous year. The company maintains a gross margin percentage of approximately 21% for its waste brokerage and management services, up from 20% in the prior year.
Core Component 2: Sustainability and Environmental Responsibility
Avalon is dedicated to sustainable practices, particularly within its waste management services, where it engages in the responsible disposal and recycling of waste. The company has reported that approximately 47% of its total consolidated net operating revenues in the third quarter of 2024 originated from waste management services. Additionally, Avalon manages captive landfill operations that are critical for minimizing environmental impact while ensuring compliance with regulatory standards.
Core Component 3: Community Engagement and Customer Satisfaction
Avalon Holdings Corporation emphasizes the importance of community involvement and customer satisfaction. The golf and related operations segment generated net operating revenues of approximately $30.0 million in the first nine months of 2024, compared to $28.5 million in the same period of 2023, demonstrating a commitment to enhancing customer experience. Membership dues revenue increased slightly to approximately $5.6 million in the first nine months of 2024. The company actively promotes various membership promotions and marketing strategies to attract and retain customers, highlighting its focus on community engagement and satisfaction.
| Financial Metrics | 2024 (9 Months) | 2023 (9 Months) |
|---|---|---|
| Net Operating Revenues (Waste Management) | $36.2 million | $34.7 million |
| Gross Margin Percentage (Waste Management) | 21% | 20% |
| Net Operating Revenues (Golf & Related Operations) | $30.0 million | $28.5 million |
| Membership Dues Revenue | $5.6 million | $5.5 million |
Vision Statement of Avalon Holdings Corporation (AWX)
Vision Statement Overview
The vision statement of Avalon Holdings Corporation (AWX) for 2024 emphasizes the company's commitment to sustainability, innovation, and community engagement. The focus is on becoming a leader in waste management and golf-related services, while enhancing customer experiences and operational efficiencies.
Commitment to Sustainability
Avalon Holdings Corporation aims to lead the industry in sustainable waste management practices. In the third quarter of 2024, the net operating revenues from the waste management services segment were approximately $11.5 million, slightly down from $11.7 million in the same quarter of 2023. The company is actively pursuing initiatives that reduce environmental impact, including investments in advanced recycling technologies and waste reduction strategies.
Innovation in Services
Innovation is a core component of Avalon’s vision. The company has allocated capital expenditures in the range of $2.5 million to $3.5 million for 2024, primarily for renovations and improvements at The Grand Resort. This investment reflects Avalon’s strategy to enhance service offerings and customer satisfaction through modern facilities and improved service delivery.
Community Engagement and Development
Avalon Holdings is committed to engaging with the communities it serves. In 2024, the company reported a significant increase in membership dues revenue, reaching approximately $5.6 million, an increase from $5.5 million in 2023. This growth indicates Avalon’s successful efforts to foster community through its golf and related operations, which include four golf courses and associated amenities.
Financial Health and Growth Potential
The financial performance of Avalon Holdings indicates a positive trajectory as of 2024. The net income attributable to Avalon Holdings Corporation common shareholders was $1.8 million in the third quarter of 2024, compared to $0.9 million in the same period of 2023. This growth in profitability underscores the company’s effective management and strategic direction.
| Financial Metrics | Q3 2024 | Q3 2023 |
|---|---|---|
| Net Operating Revenues (Waste Management) | $11.5 million | $11.7 million |
| Membership Dues Revenue | $5.6 million | $5.5 million |
| Net Income | $1.8 million | $0.9 million |
Strategic Initiatives for Future Growth
Avalon Holdings is focused on strategic initiatives aimed at enhancing operational efficiency and expanding service offerings. The company’s waste management services segment has shown resilience, with net operating revenues increasing to $36.2 million for the first nine months of 2024, compared to $34.7 million in the same period of 2023. These figures highlight Avalon’s robust growth strategy as it aims to solidify its position in the marketplace.
Core Values of Avalon Holdings Corporation (AWX)
Integrity
Integrity is a fundamental value at Avalon Holdings Corporation, signifying the company's commitment to ethical practices and transparency in all operations.
In 2024, Avalon demonstrated its commitment to integrity through the strict adherence to regulatory compliance in its waste management operations, ensuring that all activities met environmental standards. The company reported no significant legal violations or penalties during this period.
Customer Commitment
Customer commitment reflects Avalon’s focus on delivering exceptional service and value to its clients.
In the waste management services segment, net operating revenues reached approximately $36.2 million for the nine months ended September 30, 2024, up from $34.7 million in the same period of 2023. This increase was driven by enhanced customer service initiatives and improved operational efficiencies.
Innovation
Innovation is vital for Avalon to stay competitive and meet evolving market demands.
In 2024, Avalon invested in new technologies for its waste management services, resulting in a gross margin percentage increase from 20% to approximately 21%. This investment not only improved service efficiency but also reduced operational costs.
Teamwork
Teamwork is essential for achieving Avalon’s operational goals and fostering a collaborative workplace culture.
Avalon's golf and related operations segment reported an income before income taxes of $2.3 million for the nine months ended September 30, 2024, compared to $0.3 million in the prior year, highlighting the effectiveness of teamwork in driving business results.
Community Engagement
Community engagement underscores Avalon's dedication to being a responsible corporate citizen.
In 2024, Avalon continued its community outreach programs, contributing approximately $500,000 in local initiatives, including environmental conservation efforts related to its waste management operations.
| Core Value | Description | 2024 Statistics |
|---|---|---|
| Integrity | Commitment to ethical practices and transparency. | No significant legal violations or penalties. |
| Customer Commitment | Focus on delivering exceptional service and value. | Net operating revenues: $36.2 million (2024) |
| Innovation | Investment in new technologies. | Gross margin increase to 21%. |
| Teamwork | Collaboration to achieve operational goals. | Income before taxes: $2.3 million (2024) |
| Community Engagement | Dedication to corporate citizenship. | Contributions: $500,000 in local initiatives. |
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Updated on 16 Nov 2024
Resources:
- Avalon Holdings Corporation (AWX) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Avalon Holdings Corporation (AWX)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View Avalon Holdings Corporation (AWX)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.