Avalon Q2 profit more than triples as operating income rises
AWX•Outlook
- Avalon did not provide specific guidance or outlook for future quarters or the full year
Overview
- US waste management and resort operator's Q2 net operating revenue rose 3% yr/yr
- Q2 net income attributable to shareholders more than tripled from prior year
- Basic EPS for Q2 rose to $0.23 from $0.07 a year earlier
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Net Income | $809,000 | ||
| Q2 Basic EPS | $0.23 | ||
| Q2 Operating Income | $1.36 mln | ||
| Q2 Pretax Profit | $839,000 |
Result Drivers
- Waste management services - Revenue from waste management services increased slightly yr/yr in Q2
- Food, beverage and merchandise sales - Revenue from food, beverage and merchandise sales rose modestly yr/yr in Q2
