Summary by Moomoo AI
Avalon Holdings Corporation has filed its 2024 annual report, operating through two main business segments: waste management services and golf and related operations. The waste management segment, contributing approximately 55% of consolidated revenues, provides hazardous and non-hazardous waste disposal brokerage and management services primarily in northeastern and midwestern United States markets.The golf and related operations segment, representing about 45% of revenues, encompasses four golf courses with country clubs, The Grand Resort hotel complex, and various recreational facilities. The company continues to expand its portfolio, having established Avalon Dermatology, LLC in March 2024, with Avalon maintaining 50.1% ownership. The operation provides dermatology services in Warren, Ohio.Notable developments include ongoing legal proceedings regarding the company's salt water injection wells, with a significant ruling from the Supreme Court of Ohio in January 2024 overturning a previous Court of Appeals decision. The Court of Appeals subsequently found a partial regulatory taking in September 2024, ordering ODNR to commence appropriations procedures for damages. The company has appealed this decision to the Supreme Court of Ohio in October 2024.
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