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Avalon Holdings Posts Loss In Q3 - Quick Facts

(RTTNews) - Waste management services provider Avalon Holdings Corp. (AWX) Thursday reported a slight loss for the third quarter. Net loss for the quarter was $2 thousand compared to break even per share last year.

The recent third quarter results includes approximately $0.1 million of non-recurring maintenance expenses at the corporate headquarters building, the company noted. The prior-year third quarter was favorably impacted by a $.1 million positive adjustment resulting from the suspension of the company's 401k contribution.

Chief Executive Officer Steven Berry said, "Excluding these non-recurring items, we actually experienced a $.2 million improvement in operating income during the current quarter."

Net operating revenues increased to $11.79 million from $9.62 million in the comparable quarter a year ago.