| Business Summary | | Able
Energy
Inc.,
through
its
subsidiaries,
Able
Oil
Company,
Able
Melbourne,
Able
Energy
New
York,
Inc.,
and
Able
Propane,
is
engaged
in
the
retail
distribution
of,
and
the
provision
of
services
relating
to,
fuel
oil,
propane,
gas,
and
diesel
fuel.
In
addition
to
selling
home
energy
products,
the
Company
offers
complete
HVAC
(heating,
ventilation
and
air
conditioning)
installation
and
repair
and
also
markets
other
petroleum
products
to
commercial
customers,
including
diesel
fuel,
gasoline
and
lubricants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Able
Energy
Inc.
is
a
holding
company.
ABLE's
operating
entities
are
engaged
in
the
retail
distribution
of,
and
the
provision
of
services
relating
to
fuel
oil,
propane
gas,
and
natural
gas.
For
the
three
months
ended
3/31/01,
revenues
rose
14%
to
$12.6
million.
Net
income
fell
75%
to
$177
thousand.
Results
reflect
an
aggressive
marketing
program
and
expanded
customer
base,
offset
by
start-up
costs
of
a
new
subsidiary
and
an
increase
in
labor
and
benefits. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Timothy Harrington, 33 CEO,
Chairman, Sec. | $236K | Christopher Westad, 47 Pres,
CFO, Director | 100K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|