Edd Helms Group Issues Annual 10KSB for 2007
Edd Helms Group filed their Annual Report 10KSB for the fiscal year ended May 31, 2007 with the SEC on September 11th.
Revenues were $22,785,273, an increase of $1,580,021 or 7.45% over those reported in 2006. Income from operations before income taxes were $1,364,442, an increase of approximately $84,082 over those reported in 2006.
Condensed business segments for the fiscal year ending May 31, 2007, reported as follows:
Electric Revenues in 2007 were $10,623,545 compared to $9,220,298 in 2005. Electric operating earnings before depreciation, amortization, interest & income taxes in 2007 were $310,329 compared to $688,107 in 2006.
Air Conditioning Revenues in 2007 were $10,303,556 compared to $8,782,513 in 2006. Air Conditioning operating earnings in 2007 were $473,764 compared to $817,216 in 2006.
Datatelcom Revenues in 2007 were $1,904,898 compared to $3,202,441 in 2005. Datatelcom operating earnings in 2007 were $295,978 compared to a loss of ($224,963) in 2005.
According to Wade Helms, Executive Vice President, "The growth in revenues can be attributed to increased sales of standby generator systems, commercial air conditioning systems, and additional sales staff. This was also the year we chose to invest in our infrastructure and marketing to support and sustain our 41% growth in revenues over the past 4 years from $16.2 Million in 2004 to $22.8 Million in 2007."
Full copies of this and all other required SEC documents are available on our website at www.eddhelms.com, choose investors, and choose Securities & Exchange Commission information about Edd Helms Group, Inc.