Schedule Service | Customer Service | Contact Us
     
       
Electrical
Residential Services
UPS Systems
Commercial Services
Data Communications
FAQ
Industry Links
Electrical Glossary
Energy Saving Tips
Air Conditioning
AC Residential Services
AC Commercial Services
Ultraviolet Systems
Duct Cleaning
Duct Cleaning FAQ\'s
Duct Cleaning Request
AC Industry Links
A/C Glossary
Safety Tips
Energy Saving Tips
Home Technology
Home Automation
Standby Generators
Marine Division
VALUE CLUB Program
Cellular Towers
Tradeshows & Events
Tradeshow Register
Tradeshow Clients
Tradeshow Services
Employment Opportunities
Warranty Policies
About Us
Home
About Us
Overview
Press Releases
Design & Build
Our Customers
Our Team
Employment
Safety Policy

About Us
Press Releases

Edd Helms Group Issues 10QSB for 2nd Quarter Fiscal 2008

Edd Helms Group filed their Second Quarterly Report 10QSB with the SEC on January 22nd for the first six months of fiscal 2008 ending November 30, 2007.

Revenues for the first six months of fiscal 2008 were $10,467,393, a decrease of $1,462,803 over those reported in fiscal 2007. Income from operations before income taxes for the first six months of fiscal 2008 were $184,878, a decrease of approximately $1,102,006 over those reported in fiscal 2007.

Condensed business segments for the first six months of fiscal 2008 which ended November 30, 2007 were reported as follows:

Electric Revenues for the first six months of fiscal 2008 were $5,518,348 compared to the first six months of fiscal 2007 of $5,375,798. Electric Income before taxes for the first six months of fiscal 2008 was $214,161 compared to the first six months of fiscal 2007 of $298,377.

Air Conditioning (HVAC) Revenues for the first six months of fiscal 2008 were $4,152,286 compared to the first six months of fiscal 2007 of $4,437,571. Air Conditioning (HVAC) income before taxes for the first six months of fiscal 2008 was $169,983 compared to the first six months in fiscal 2007 of $545,932.

Marine Revenues for the first six months of fiscal 2008 were $796,759 compared to the first six months in fiscal 2007 of $731,720. Marine Income before taxes for the first six months of fiscal 2008 was ($67,997) compared to the first six months of fiscal 2007 of ($64,572). Prior to fiscal 2008, the revenues and income of this Marine segment were included in the Air Conditioning (HVAC) segment. The financial data for these respective segments (HVAC and Marine) is presented in an adjusted format.

Showroom Revenues for the first six months of fiscal 2008 and for the first six months of fiscal 2007 were $0 . Showroom income before taxes for the first six months of fiscal 2007 was ($131,269) compared to the first six months of fiscal 2007 of $0 .

According to Wade Helms, Executive Vice President, "The decline in revenues and income has followed the general decline in business conditions, although there was a performance improvement in the second quarter when compared to the first quarter. The investment into our Showroom segment coincided with the downturn in business conditions, and our continued investment into that business segment during weak business conditions is unlikely. The slowing of new investments by wireless carriers into cellular tower RF technologies resulted in our Datatelcom segment being idled until profitable opportunities return. We feel fortunate to have implemented a good system of budgeting and cost controls over the past few years to help us through these challenging business conditions. Our repurchase in June 2007 from our ESOP of approximately 10% of our outstanding shares shows our strong confidence in this business."

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.


back >>


Glossary
| Site Map | Useful Links | Customer Service | Employment Opportunities

Call Us! 800-329-2520

Copyright 1995 - 2013 Edd Helms Group, Inc. All Rights Reserved