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About Us
Press Releases

Edd Helms Group 2007 Net Income for 1st & 2nd Quarters up 53% from 2006

For the six months ended November 30, 2006, Revenues for fiscal 2007 were $11,930,196 compared to $10,581,646 in 2006, an increase of approximately $1,348,550 or about 12% over this same period in 2006. Income from Operations before taxes for the first two quarters were $1,286,884 compared with $839,170, an increase of approximately $447,714 or about 53% over this same period in 2006. The net income in fiscal 2007 for the six months ending November 30, 2006 was consistent with expectations

Condensed business segments for the six months ending November 30, 2006 reported as follows:
Edd Helms Electric Revenues in 2007 were $5,375,798 compared to $4,559,995 in 2006. Electric income before taxes in 2007 was $298,377 compared to $658,198 in 2006.

Edd Helms Air Conditioning Revenues in 2007 were $5,152,802 compared to $4,346,007 in 2006. Air Conditioning (HVAC) Income before taxes in 2007 was $669,531 compared to $345,900 in 2006.

Datatelcom Revenues in 2007 were $1,401,595 compared to $1,675,644 in 2006. Datatelcom Income before taxes in 2006 was $318,976 compared to a loss of ($164,928) in 2006.

According to Wade Helms, Executive Vice President, the consistent growth over the past five years in net income before taxes for the first and second quarters, $1,286,884 in fiscal 2007, $839,170 in 2006, $467,365 in 2005, $402,784 in 2004, and a loss of ($268,947) in fiscal 2003 reflects our company wide focus on growing revenues, controlling direct costs through efficient project management, strong overhead cost controls, and adhering to operational budgets developed to measure deviation from our cost model.

The fiscal 2007 Second Quarter 10QSB for the period of August 1st to November 30, 2006 is expected to be filed with the SEC the first week of January 2007.


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