Avalon Holdings Corporation reported a decline in financial performance for the first quarter of 2025, with total net operating revenues decreasing to $16.1 million from $18.9 million in the same period of 2024. The waste management services segment generated approximately $9.7 million in revenues, down from $12.5 million, primarily due to reduced continuous and event work projects. In contrast, the golf and related operations segment maintained stable revenues of around $6.4 million, consistent with the previous year. The company recorded a net loss attributable to common shareholders of $1.5 million, or $0.38 per share, compared to a loss of $1.0 million, or $0.25 per share, in the prior year.
The decrease in revenues was accompanied by a reduction in operating costs for the waste management services segment, which fell to $7.6 million from $9.9 million, reflecting the direct correlation between revenues and costs. However, costs for the golf and related operations segment increased slightly to $6.1 million from $5.9 million, attributed to higher wages and utility expenses. Overall, Avalon’s consolidated selling, general, and administrative expenses remained stable at approximately $2.6 million.
Avalon’s operational metrics showed a slight increase in customer engagement, with membership numbers at the Avalon Golf and Country Club rising to 4,692 from 4,661. The company also reported an increase in accounts receivable, which rose to $11.4 million, driven by higher billings and the timing of membership renewals. However, the working capital deficit widened to approximately $2.3 million, influenced by increased accounts payable and deferred membership dues revenue.
Looking ahead, Avalon Holdings is focused on enhancing its growth strategy, particularly within its waste management services segment. The company aims to increase market share through improved sales and marketing efforts while exploring opportunities for acquisitions in the golf and related operations segment. Avalon continues to monitor economic conditions and regulatory changes that may impact its operations, particularly in the waste management sector, where it faces challenges related to customer retention and pricing pressures. The company remains committed to leveraging its existing relationships and expertise to navigate these challenges and drive future growth.
About AVALON HOLDINGS CORP
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