AVALON HOLDINGS CORP AWX
Avalon Holdings Corporation ("Avalon" or the "Company") was formed on April 30, 1998 as a subsidiary of American Waste Services, Inc. ("AWS"). On June 17, 1998, AWS distributed, as a special dividend, all of the outstanding shares of capital stock of Avalon to the holders of AWS common stock on a pro rata and corresponding basis (the "Spin-off"). The history and organization of the remaining operations, some of which were contributed to Avalon as a result of the Spin-off, are described below.
In June 1990, AWS purchased approximately 5.6 acres of real estate located in Warren, Ohio on which it constructed Avalon's corporate headquarters. In connection with the acquisition of such property, Avalon Lakes Golf, Inc. ("ALGI"), a former subsidiary of AWS and now an indirect wholly owned subsidiary of Avalon, acquired the real and personal property associated with the Avalon Lakes Golf Course, an 18-hole golf course adjacent to the office property. The corporate headquarters and ALGI were contributed to Avalon by AWS. The Avalon corporate headquarters building includes a clubhouse, restaurant, golf simulators and a pro shop for the Avalon Golf and Country Club at Avalon Lakes Golf Course.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Waste Management Services
- Golf and Related Operations
| Segment | FY2025 | FY2024 |
|---|---|---|
| Waste Management Services | $46.0M | $45.9M |
| Golf and Related Operations | $37.5M | $37.9M |
As the company reported it, from the “Note 15 - Business Segment Information - Segment Reporting Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $83.5M | $83.8M | $80.9M | $81.2M | $70.4M | $58.7M | $68.4M | $62.2M | $55.8M | $61.4M |
| Cost of revenue | $67.2M | $66.6M | $66.7M | — | — | — | — | — | — | $50.5M |
| Gross profit | $16.3M | $17.2M | $14.2M | — | — | — | — | — | — | $10.8M |
| SG&A | $10.5M | $10.2M | $10.2M | $10.1M | $9.9M | $8.7M | $9.4M | $9.0M | $8.5M | $8.2M |
| Operating income | $2.0M | $3.1M | $111.0K | $347.0K | $561.0K | $124.0K | $133.0K | -$2.7M | -$271.0K | -$186.0K |
| Interest expense | $2.0M | $2.0M | $2.1M | $1.5M | $1.2M | $1.2M | $837.0K | $675.0K | $699.0K | $379.0K |
| Pre-tax income | -$17.0K | $1.0M | -$2.0M | -$886.0K | $1.7M | $52.0K | -$375.0K | -$3.1M | -$694.0K | -$284.0K |
| Income tax | $82.0K | $90.0K | $57.0K | $94.0K | $89.0K | $98.0K | $160.0K | $167.0K | $122.0K | $125.0K |
| Net income | $321.0K | $1.3M | -$1.8M | -$583.0K | $2.0M | $14.0K | -$455.0K | -$1.1M | -$307.0K | -$69.0K |
| EPS, basic | 0.08 | 0.34 | -0.46 | -0.15 | 0.51 | 0.00 | -0.12 | — | — | — |
| EPS, diluted | — | — | — | -0.15 | 0.50 | 0.00 | -0.12 | -0.30 | -0.08 | -0.02 |
| Shares, diluted (wtd. avg.) | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.8M | 3.8M | 3.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $4.1M | $2.8M | $1.2M | $1.6M | $3.3M | $4.2M | $1.4M | $1.4M | $3.9M | $5.2M |
| Receivables | $9.8M | $8.6M | $9.5M | $11.1M | $9.9M | $8.7M | $12.0M | $12.2M | $9.9M | $11.3M |
| Inventory | $1.6M | $1.6M | $1.7M | $1.5M | $1.1M | $910.0K | $813.0K | $820.0K | $850.0K | $773.0K |
| Total current assets | $17.0M | $14.6M | $14.0M | $16.1M | $16.0M | $15.3M | $15.6M | $15.6M | $12.9M | $14.9M |
| Property, plant and equipment | $54.0M | $55.6M | $56.6M | $56.8M | $53.3M | $51.3M | $49.0M | $42.5M | $43.2M | $44.0M |
| Total assets | $87.4M | $86.2M | $88.0M | $89.8M | $78.0M | $78.0M | $79.2M | $64.8M | $65.4M | $67.9M |
| Accounts payable | $8.0M | $7.1M | $9.7M | $11.0M | $10.2M | $9.1M | $11.7M | $10.5M | $7.8M | $9.4M |
| Short-term debt | $614.0K | $575.0K | $538.0K | $503.0K | $1.1M | $1.6M | $1.0M | $578.0K | $547.0K | $517.0K |
| Total current liabilities | $16.8M | $15.5M | $17.9M | $18.9M | $18.0M | $17.2M | $19.0M | $16.3M | $13.1M | $14.7M |
| Long-term debt | $28.0M | $28.6M | $29.2M | $29.8M | $19.4M | $21.9M | $21.6M | $10.2M | $10.7M | $11.3M |
| Retained earnings | -$20.9M | -$21.2M | -$22.5M | -$20.8M | -$20.2M | -$22.1M | -$22.2M | -$21.7M | -$20.6M | -$20.2M |
| Total equity | $38.4M | $38.0M | $36.1M | $38.1M | $39.0M | $37.0M | $37.0M | $37.5M | $40.6M | $41.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.8M | $3.4M | $2.4M | $2.3M | $2.4M | $2.6M | $3.1M | $3.1M | $1.2M | $2.6M |
| Depreciation and amortisation | $3.8M | $3.9M | — | — | — | — | — | — | — | — |
| Stock-based compensation | — | $0 | $1.0K | $4.0K | $5.0K | $6.0K | $6.0K | $6.0K | $12.0K | $29.0K |
| Capital expenditure | $1.7M | $2.3M | $3.9M | $6.4M | $4.4M | $4.5M | $7.2M | $3.1M | $1.8M | $3.0M |
| Investing cash flow | -$1.7M | -$2.2M | -$3.9M | -$6.4M | -$4.4M | -$4.5M | -$7.2M | -$4.4M | -$1.8M | -$3.0M |
| Financing cash flow | -$973.0K | -$818.0K | $944.0K | $11.2M | -$1.1M | $1.4M | $10.8M | -$622.0K | -$812.0K | $896.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-009091.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.4M | $55.8M | $62.2M | $68.4M | $58.7M | $70.4M | $81.2M | $80.9M | $83.8M | $83.5M |
| Gross profit | $10.8M | — | — | — | — | — | — | $14.2M | $17.2M | $16.3M |
| Net income | -$69.0K | -$307.0K | -$1.1M | -$455.0K | $14.0K | $2.0M | -$583.0K | -$1.8M | $1.3M | $321.0K |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Material agreement signed Item 1.01
- Shareholder vote Item 5.07
- Annual report filed Form 10-K
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 4953
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WM | WASTE MANAGEMENT INC | $95.68B | 35.7x | 14.2% |
| RSG | REPUBLIC SERVICES, INC. | $73.63B | 35.1x | 3.5% |
| WCN | Waste Connections, Inc. | $47.03B | 44.7x | 6.1% |
| CWST | CASELLA WASTE SYSTEMS INC | $6.21B | 813.4x | 18.0% |
| QRHC | Quest Resource Holding Corp | $24.9M | — | -13.3% |
| RENX | RenX Enterprises Corp. | $3.2M | — | 3,860.7% |
| VIVK | Vivakor, Inc. | $467.6K | — | 16.3% |
| OIO | OIO Group | — | — | — |