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Edd Helms Air Conditioning & Electric, Air Conditioning Contractor, Sunrise, FL

About Us Press Releases

Edd Helms Group Releases 10QSB for First Quarter 2006


Edd Helms Group released their 10Q to the SEC on February 22nd for the first quarter in fiscal 2006. For the three months ended August 31, 2005, Revenues increased approximately 4.6% over those reported in 2005. Income from operations before taxes were $184,581, a decrease of approximately $174,036. Condensed business segment revenues reported revenues and income before taxes as follows: Electric revenues in 2006 were $1,895,454 compared with $2,744.859 in 2005. Electrical income in 2006 was $163,569 compared with $205,985 in 2005. HVAC revenues in 2006 were $2,035,018 compared with $1,760,032 in 2005. HVAC income in 2006 was $104,756 compared with $152,632 in 2005.

Datatelcom revenues in 2006 were $783,854 and income was a loss of $83,744. Prior to 2006 Datatelcom segmented revenues were reported under the Electric segment. According to Dean Goodson, Chief Financial Officer, the growth in revenue can be attributed to positive economic conditions, and the decline in first quarter 2006 income compared with 2005 can be attributed to an increase in lower margin construction jobs, as opposed to higher margin service work, where the cost components require less labor and more materials. The net income for the three months ending August 31, 2005 was consistent with expectations.

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