UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         WASHINGTON, D.C. 20549

                               FORM 10-Q


( X ) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
         SECURITIES AND EXCHANGE ACT OF 1934.
         For the quarterly period ended July 31, 1997.

(   )  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES
        AND EXCHANGE ACT OF 1934.
        For the transition period from  ______________ to _____________.

Commission File Number:   0-21986

                       ABLE TELCOM HOLDING CORP.
         (exact name of registrant as specified in its charter)



              Florida                             65-0013218
  (State or other jurisdiction of               (IRS Employer
   incorporation or organization)            Identification No.)

   1601 Forum Place, Suite 1110,                    33401
      West Palm Beach, Florida                    (Zip Code)
  (address of principal executive
              offices)

                             (561) 688-0400
          (Registrant's telephone number, including area code)

 
      Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90
days.

             YES  X                       NO__

      As of  September 2, 1997, there were 8,370,862 shares, par value
$.001 per share, of the Registrant's Common Stock outstanding.

<PAGE>

                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES



                                 INDEX


                     PART I - FINANCIAL INFORMATION
<TABLE>
<S>                                                          <C>

                                                             Page Number
Item 1.     Condensed Consolidated Financial Statements
            (Unaudited)

                   Condensed Consolidated Balance Sheets -
                         July 31, 1997 and October 31, 1996      3

                   Condensed Consolidated Statements of
                   Operations -                                  5
                         Three months and nine months
                   ended July 31, 1997
                          and 1996

                   Condensed Consolidated Statements of
                   Cash Flows -                                  6
                         Three months and nine months
                   ended July 31, 1997
                          and 1996

                   Notes to Condensed Consolidated
                   Financial Statements -                        7
                        July  31, 1997

Item 2.     Management's Discussion and Analysis of
            Financial Condition and                             11
                 Results of Operations

                      PART II - OTHER INFORMATION

Items 1 through 5 - Not Applicable

Item 6.     Exhibits and Reports on Form 8-K                    15

Signatures                                                      16
</TABLE>


<PAGE>

                 Condensed Consolidated Balance Sheets


<TABLE>
<CAPTION>

                                           July 31,     October 31,
                                             1997          1996
                                           ----------   ----------
                                          (unaudited)    (Note)
<S>                                       <C>           <C>
 
Assets

Current assets:
  Cash and cash equivalents                $6,381,668   $3,267,161
  Investments                                     ---      571,010
  Accounts receivable, net                 13,393,442   13,617,792
  Inventories                               1,308,824    1,374,698
  Costs and  profits in excess of billings
   on uncompleted contracts                 1,703,337      954,269
  Prepaid expenses and other                  951,381      757,883
  Deferred income taxes                           ---      905,898
                                           ----------   ----------

   Total current assets                    23,738,652   21,448,711

Property and equipment, net                13,696,377   10,667,357

Other assets:
  Deferred income taxes                       344,969      269,942
  Goodwill, net                             7,115,742    5,919,880
  Other                                       915,667      612,941
                                           ----------   ----------

   Total other assets                       8,376,378    6,802,763
                                                          






                                           ----------   ----------
   Total assets                           $45,811,407  $38,918,831
                                           ==========   ==========


</TABLE>
















Note:  The balance  sheet at October 31, 1996 has been  derived from the
audited  financial  statements  at that date but does not include all of
the information and footnotes required by generally accepted  accounting
principles for complete financial statements.

See accompanying notes to condensed consolidated financial statements.

<PAGE>

           Condensed Consolidated Balance Sheets (Continued)

<TABLE>
<CAPTION>


                                             July 31,     October 31,
                                               1997          1996
                                             ----------    ----------
                                            (unaudited)    (Note)
<S>                                         <C>           <C>

Liabilities and Shareholders' Equity

Current liabilities:
  Current portion of long-term debt         $ 3,275,886   $ 1,965,611
  Notes payable - shareholders                1,397,333     1,307,976
  Lines of credit                             5,104,348     4,626,178
  Accounts payable and accrued liabilities    6,747,772     8,036,142
  Billings  in excess of costs and profits      500,186     1,218,724
   on uncompleted contracts
                                             ----------    ----------

   Total current liabilities                 17,025,525    17,154,631

Long-term debt, excluding current portion     8,413,643     8,149,807
Other liabilities                                   ---     2,015,895
                                             ----------    ----------

   Total liabilities                         25,439,168    27,320,333

Minority Interest                                56,103

Contingencies                                       ---           ---

Convertible,  redeemable  preferred stock,
 $.10 par value, authorized 1,000,000
 shares;  995 shares issued and outstanding
 in 1997                                      6,938,831           ---

Shareholders' equity:
  Common    stock,    $.001   par   value,
   authorized      25,000,000      shares;
   8,337,201 and  8,203,212  shares issued 
   and   outstanding  in  1997  and  1996,
   respectively                                   8,337         8,203
  Additional paid-in capital                 13,392,007    12,833,286
  Unrealized loss on investments,  net  of  
   tax                                              ---       (53,990)
  Accumulated deficit                           (23,039)   (1,189,001)
                                             ----------    ----------

   Total shareholders' equity                13,377,305    11,598,498
                                             ----------    ----------

   Total   liabilities  and  shareholders'
    equity                                  $45,811,407   $38,918,831
                                             ==========    ==========

</TABLE>












Note:  The balance  sheet at October 31, 1996 has been  derived from the
audited  financial  statements  at that date but does not include all of
the information and footnotes required by generally accepted  accounting
principles for complete financial statements.

See accompanying notes to condensed consolidated financial statements.


<PAGE>

                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

            Condensed Consolidated Statements of Operations
                              (unaudited)


<TABLE>
<CAPTION>

                               For the three               For the nine
                            months ended July 31,      months ended July 31,
                         --------------------------  --------------------------

<S>                      <C>           <C>           <C>           <C>         
                           1997          1996          1997          1996

Revenues                 $21,984,127   $11,860,240    $61,181,275  $36,030,910
                         -----------   -----------    -----------  -----------
Costs and expenses:
  Costs of revenues       17,605,842     9,152,667     47,640,186   28,285,785
  General and 
   administrative          2,143,050     1,744,143      6,366,327    4,866,655
  Depreciation and
   amortization            1,197,826       644,157      3,237,199    1,746,911
  Charges and
   transaction/
   translation losses 
   related to Latin
   American operations        12,587        18,869         12,587    3,941,641
                         -----------   -----------    -----------  -----------

   Total costs and 
    expenses              20,959,305    11,559,836     57,256,299   38,840,992
                         -----------   -----------    -----------  -----------

Income (loss) from
 operations                 1,024,822       300,404      3,924,976   (2,810,082)
                         -----------   -----------    -----------  -----------

Other expense (income):                                             
  Interest expense           380,566       293,583      1,168,899      828,500
  Interest and dividend
   income                   (136,124)      (44,222)      (362,009)    (181,098)
  Other                     (161,087)          ---       (152,288)         ---
                         -----------   -----------    -----------  -----------

   Total other expense 
    (income)                  83,355       249,361        654,602      647,402
                         -----------   -----------    -----------  -----------

Income (loss) before
 income taxes and 
 minority interest           941,467        51,043      3,270,374   (3,457,484)

   Income tax expense 
    (benefit)                (33,778)     (187,262)       850,432      282,412
                         -----------   -----------    -----------  -----------

Income (loss) before
 minority interest           975,245       238,305      2,419,942   (3,739,896)

Minority interest             42,668       101,039        130,148     (781,408)
                         -----------   -----------    -----------  -----------

Net income (loss)            932,577       137,266      2,289,794   (2,958,488)

  Preferred stock 
   dividends                  75,000           ---        185,000          ---
  Discount attributable
   to beneficial     
   conversion privilege
   of preferred stock        366,231           ---        938,831          ---
                         -----------   -----------    -----------  -----------

Income (loss) 
 applicable to
 common stock            $   491,346   $   137,266    $ 1,165,963  $(2,958,488)
                         ===========   ===========    ===========  ===========

Income (loss) per
 common share:           $       .06   $       .02    $       .14  $      (.35)
                         ===========   ===========    ===========  ===========

Weighted average common
 shares and common
 stock equivalents
 outstanding                8,559,306     8,362,305     8,531,490     8,355,804
                          ===========   ===========    ===========  ===========
</TABLE>










See accompanying notes to condensed consolidated financial statements.

<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

            Condensed Consolidated Statements of Cash Flows
                              (unaudited)


<TABLE>
<CAPTION>

                                              For the nine months
                                                ended July 31,
                                           --------------------------
<S>                                        <C>           <C>

                                                1997         1996

Cash from operations                       $ 3,761,221   $   466,623


Investing Activities:
  Purchase of property and equipment        (2,375,226)   (1,869,104
  Cash acquired in acquisitions                403,617           ---
  Cash paid in acquisitions                 (3,000,000)          ---
  Sale of Investments                          625,000           ---
                                           -----------   -----------
    Net cash used by investing
     activities                             (4,346,609)   (1,869,104)
                                           -----------   -----------

Financing Activities:
  Net (payments) borrowings under lines
   of credit                                   126,178       445,000
  Payments on long-term debt                (7,652,471)     (809,945)
  Proceeds from debt to finance
   acquisitions                              3,000,000           ---
  Proceeds from long-term debt               3,131,459       105,000
  Net proceeds from preferred stock 
  offering                                   5,664,148           ---
  (Repayments) proceeds from notes payable
   - shareholders                             (250,000)          ---
  Proceeds from the exercise of stock 
   options                                      21,312           ---
  Dividends Paid                              (150,000)          ---
  Distributions to minority interests         (190,731)      (26,547)
                                           -----------   -----------
    Net cash provided by financing
     activities                              3,699,895      (286,492)
                                           -----------   -----------

Effect of exchange rate changes on cash 
 and equivalents                                   ---       (33,148)
                                           -----------   -----------

Increase (decrease) in cash and cash       
 equivalents                               $ 3,114,507   $(1,722,121)
                                           ===========   ============
</TABLE>
























See accompanying notes to condensed consolidated financial statements.


<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

          Notes to Condensed Consolidated Financial Statements

                             July 31, 1997

1.    Basis of Presentation

      The  accompanying   unaudited  condensed   consolidated  financial
      statements   have  been  prepared  in  accordance  with  generally
      accepted accounting  principles for interim financial  information
      and  with  the  instructions  to  Form  10-Q  and  Article  10  of
      Regulation  S-X.  Accordingly,  they  do  not  include  all of the
      information   and  footnotes   required  for  complete   financial
      statements.   In  the  opinion  of  management,   all  adjustments
      necessary for a fair  presentation  of the results for the interim
      periods  presented have been included.  Such  adjustments  consist
      of normal  recurring  accruals and those  adjustments  recorded to
      reflect  the  impact of  currency  devaluations  on the  Company's
      operations in Venezuela during fiscal years 1997 and 1996.

      These  results  have been  determined  on the  basis of  generally
      accepted accounting  principles and practices applied consistently
      with those used in the preparation of the Company's  Annual Report
      on Form  10-K for the  year  ended  October  31,  1996.  Operating
      results for the three and nine months  ended July 31, 1997 are not
      necessarily  indicative  of the results  that may be expected  for
      the year ended October 31, 1997.

      It is recommended  that the  accompanying  condensed  consolidated
      financial  statements be read in conjunction with the consolidated
      financial  statements and notes thereto  included in the Company's
      1996 Annual Report on Form 10-K.

      Certain items in the condensed  consolidated  financial statements
      for  the   interim   periods   ended  July  31,   1996  have  been
      reclassified to conform with the current presentation.

2.    Acquisition

      On  December  2,  1996,  the  Company,   through  a  wholly  owned
      subsidiary,  acquired  all the  outstanding  common  stock of Dial
      Communications,  Inc.  ("Dial").  As  consideration,  the  Company
      paid  $3,000,000 in cash,  issued  108,489  shares of common stock
      and  issued an  $892,000  promissory  note.  The  acquisition  was
      accounted  for  using  the  purchase   method  of  accounting  and
      approximately  $1,500,000  of goodwill was recorded  which will be
      amortized  over 20 years.  The results of  operations of Dial have
      been included  since the date of  acquisition.  The cash component
      of the  purchase  was  funded in part from the  Company's  line of
      credit and the  remainder  through a  $1,900,000  Term Loan from a
      bank.  On July  15,  1997  this  initial  debt was  repaid  with a
      $2,982,000 Term Note. See Note 3.





<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

    Notes to Condensed Consolidated Financial Statements (Continued)

                             July 31, 1997

      The pro forma  unaudited  results of operations  for the three and
      nine months  ended July 31, 1997 and 1996,  assuming  consummation
      of the purchase at the beginning of the  respective  periods,  are
      as follows:

<TABLE>
<CAPTION>
                              For the three           For the nine months
                            months ended July 31,         ended July 31,
                           ---------------------     ---------------------

<S>                        <C>          <C>          <C>          <C>          
                              1997         1996         1997         1996

      Revenues             $21,984,127  $11,860,240  $62,018,795  $36,030,910
      Net income (loss)    $   932,577  $   137,266  $ 2,312,957  $(2,958,488)
      Net income (loss)
       per common           
       share and common
       equivalent share    $       .06  $       .02  $       .14  $      .(35) 
</TABLE>



      The  unaudited  pro  forma  information  does  not  purport  to be
      indicative of the results of operations  which would have resulted
      had the acquisition been consummated at the date assumed.

3.    Borrowings

      Effective  December 2, 1996 the Company  entered into a $3,000,000
      Term Loan Credit  Facility (the"Term Loan") with a bank. The Term
      Loan is  collateralized  by all  real  and  personal  property  of
      Georgia  Electric  Company  ("GEC")  which was acquired on October
      12, 1996.  The Term Loan is payable in sixty monthly  installments
      of  $50,000  plus  interest  at prime  (8.50%  at July 31,  1997).
      Additionally,  excess cash flow of GEC, as defined,  is to be paid
      to the  bank.  The Term Loan  contains  covenants,  which  require
      among  other   conditions,   that  the  Company  maintain  certain
      tangible  net worth,  working  capital and debt  service  amounts.
      Proceeds  from the Term  Loan  were  used to repay  $3,000,000  of
      borrowings  from a bank  outstanding  at  October  31,  1996 which
      consisted  of a  $1,500,000  bank line of credit and a  $1,500,000
      note payable that was due on December 2, 1996.

      On July 15, 1997 the Company  entered into a $2,982,000  Term Loan
      from a bank payable in fifty-nine monthly  installments of $35,500
      plus  interest  at prime  (8.50%  at July 31,  1997)  with a final
      payment  of  $887,500  due on June  29,  2002.  The  Term  Loan is
      collateralized  by all the  real  and  personal  property  of Dial
      Communications,  Inc.  ("DCI").  The proceeds  from this Term Loan
      were used to repay the $1,900,000  Term Loan and $1,221,000 on the
      line of credit incurred in the initial funding of DCI.

4.    Preferred Stock

      Effective  December  20,  1996 the  Company  completed  a  private
      placement  transaction  of 1,000 shares of $.10 par value,  Series
      A  Convertible   Preferred  Stock  (the  "Preferred   Stock")  and
      warrants to purchase  200,000 shares of the Company's common stock
      at  $9.82  per  share.   Proceeds   from  the   offering   totaled
      $6,000,000.  Each share of Preferred Stock is convertible to



<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

       Notes to Condensed Consolidated Financial Statements (Continued)

                             July 31, 1997


      shares of the  Company's  common stock after April 30, 1997 at the
      lesser of $9.82 per share or at a  discount  (ranging  from 10% to
      20% depending upon the date of conversion) of the average  closing
      bid price of a share of common  stock  for three  days  proceeding
      the date of conversion.  The Company is  recognizing  the discount
      attributable to the beneficial conversion privilege of 
      approximately  $938,831 by  accreting  the amount from the date of
      issuance  through  August 20, 1997 as an  adjustment of net income
      attributable   to   common   shareholders   (see   Note  5.)  Such
      adjustment  totaled  $366,231 for the quarter ended July 31, 1997.
      This  accretion  adjustment,  which  also  represents  the  amount
      needed to accrete to the redemption  value of the Preferred  Stock
      for the period  ended July 31,  1997,  was recorded as a charge to
      accumulated  deficit  and  accompanying  credit  to the  Preferred
      Stock.  The  Preferred  Stock  accrues   dividends  at  an  annual
      rate  of 5% and  is  payable  quarterly  in  arrears  in  cash  or
      through a dividend of additional  shares of Preferred  Stock.  The
      warrants  are  exercisable   after  one  year  provided  that  the
      Preferred  Stock is not  converted  to common  stock  prior to the
      first  anniversary  date  of  the  private  placement.   Upon  the
      occurrence  of  certain  events the  Company  may be  required  to
      redeem the  Preferred  Stock at a price  equal to the  liquidation
      preference,  plus any accrued and unpaid dividends, plus an amount
      determined by formula.  Proceeds from the private  placement  were
      used to repay  certain  debt  outstanding  at  October  31,  1996,
      including  a  $1,869,050  note  payable  to the  sellers  of  H.C.
      Connell,  Inc.  ("Connell") acquired by the Company on December 8,
      1995, a $250,000 note payable to a director,  and  $2,015,895  due
      the  former  principals  of  GEC.  The  amount  due to the  former
      principals of GEC represented  undistributed S corporation profits
      existing at the date of  acquisition,  and is  presented as"Other
      liabilities"  in the  accompanying  consolidated  balance sheet at
      October 31, 1996.

5.    Stock Option Plan

      The  Company  has elected to follow  Accounting  Principles  Board
      Opinion No. 25,  "Accounting  for Stock Issued to Employees"  (APB
      25) and related  Interpretations  in  accounting  for its employee
      stock  options  because  the  alternative  fair  value  accounting
      provided  for  under  FASB  Statement  No.  123,  "Accounting  for
      Stock-Based   Compensation,"  requires  use  of  option  valuation
      models that were not developed for use in valuing  employee  stock
      options.   Under  APB  25,  because  the  exercise  price  of  the
      Company's  employee  stock options  equals the market price of the
      underlying stock on the date of grant, no compensation  expense is
      recognized.

      The Company's 1995 Incentive  Stock Option Plan has authorized the
      grant of options  to  employees  for up to  550,000  shares of the
      Company's  common stock. All options granted have three year terms
      and vest  ratably  over the three year period  after one full year
      of service and assuming continued employment.

      In  addition to the shares  authorized  under the  Company's  1995
      Incentive  Stock Option Plan,  certain  officers and  directors of
      the  corporation  were granted  options  during the quarter  ended
      July 31,  1997 by the board of  directors  at a discount to market
      at  the  date  of  grant.   Compen-


<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

       Notes to Condensed Consolidated Financial Statements (Continued)

                             July 31, 1997


      sation has been recognized  during this period using the intrinsic
      value method as prescribed by APB 25 "Accounting  for Stock Issued
      to  Employees"  totaling  $335,625.  This amount has been recorded
      in other expenses on the income statement.

6.    Earnings Per Share

      Fully diluted  earnings per share data, which includes the assumed
      conversion  of the  convertible  preferred  stock,  has  not  been
      presented  because it was not dilutive.  Earnings  attributable to
      common  stock  reflects   adjustments  for  cumulative   preferred
      dividends   and  imbedded   dividends   arising  from   discounted
      conversion terms on the Series A Convertible  Preferred Stock (see
      Note 4).

7.    Contingencies - Litigation

      The  Company  is  involved  in various  claims  and legal  actions
      arising  in the  ordinary  course  of  business  including  claims
      relating to notes payable to the former  owners of  Transportation
      Safety  Contractors,  Inc. These notes payable and related accrued
      interest are  classified  as current in the  accompanying  balance
      sheets  net of any  amounts  due from the  former  owners.  In the
      opinion of management,  the ultimate  disposition of these matters
      will  not  have  a  material   adverse  effect  on  the  Company's
      consolidated financial position or results of operations.


<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS

The  following   discussion  and  analysis   relates  to  the  financial
condition  and  results of  operations  of the Company for the three and
nine months  ended July 31, 1997 and 1996.  This  information  should be
read in conjunction with the Company's condensed  consolidated financial
statements  appearing elsewhere in this document.  Except for historical
information  contained  herein,  the  matters  discussed  below  contain
forward  looking   statements  that  involve  risks  and  uncertainties,
including  but not limited to economic,  competitive,  governmental  and
technological  factors affecting the Company's  operations,  markets and
profitability.

Results of Operations

The  following  table sets forth,  for the periods  indicated,  selected
elements  of  the  Company's   condensed   consolidated   statements  of
operations as a percentage of its revenues.

<TABLE>
<CAPTION>
                           For the three months         For the nine months
                              ended July 31,              ended July 31,
                           ----------------------      --------------------

<S>                        <C>         <C>          <C>         <C> 
                             1997        1996         1997        1996

      Revenues             100.00%     100.00%      100.00%     100.00%
                          ----------  ----------   ----------  ----------

      Cost of revenues      80.08%      77.17%       77.87%      78.50%
      General and            9.75%      14.71%       10.41%      13.51%
      administrative
      Depreciation and       5.45%       5.43%        5.29%       4.85%
      amortization
      Charges and
       transaction/
       translation                              
       losses relating 
       to Latin American
       operations            0.06%       0.16%        0.02%      10.94%
      Income (loss) from
      operations             4.66%       2.53%        6.42%      (7.80%)
      Interest expense
      and other              0.38%       2.10%        1.07%       1.80%
      Net income (loss)      4.24%       1.16%        3.74%      (8.21%)
</TABLE>

The Company  reported  net income for the quarter  ended July 31,  1997,
before  a  reduction  for  the  non-cash   charge  for  the   discounted
conversion of the Company's  convertible  preferred stock (the accretive
dividend)  issued in December  of 1996,  of  $857,577  or  $.10  a share
compared  to a net  income  of  $137,266  or $.02 per share for the same
period in 1996.  Net  income for the nine  month  period  ended July 31,
1997, before the accretive  dividend charge,  was $2,104,794 or $.25 per
share  compared  to a net loss of  $(2,958,488)  or $(.35) per share for
the same  period  in 1996.  These  amounts  are  after a  deduction  for
preferred  stock dividends paid of $75,000 in the quarter ended July 31,
1997 and  $185,000  paid in the nine month  period  ended July 31, 1997.
The  earnings  for the  quarter  ended  July 31,  1997  also  reflect  a
non-cash  charge  of  $335,625  for  compensation  recognized  on  stock
options  granted to certain  officers  and  directors  and  transitional
costs  associated  with the change in executive  management of $216,735.
The  reportable  income was further  reduced by the  accretive  dividend
charge totaling  $366,231 for the three months and $938,831 for the nine
months ended July 31,  1997.  The increase in net income for the quarter
ended July 31, 1997 is due to the  assimilation of the Georgia  Electric
Company ("GEC") and Dial  Communications,  Inc. ("Dial")  acquisitions as
well  as  the  continued  improvement  in  margins  within  the  Traffic
Management  Group.  For the nine month period  ended July 31, 1997,  the
earnings  were  additionally  improved  due to the  decrease  in special
charges  relating  to Latin  American  operations  required  during  the
comparative  periods to $12,587 in 1997 from $3,941,641 for 1996 and the
overall improvement in operational results from these operations.
<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

Revenues for the quarter ended July 31, 1997  increased  $10,123,887  to
$21,984,127  compared to revenues of $11,860,240  for the same period in
1996.  Revenues for the nine month period ended July 31, 1997  increased
by $25,150,365 to $61,181,275  from  $36,030,910 for the same nine month
period of the prior  year.  The  acquisition  of GEC in  October of 1996
and Dial in December of 1996 accounted for  approximately  $9,300,000 of
the revenue  increase  for the third  quarter of 1997 and  approximately
$23,300,000  of the  increase  for the nine month  period ended July 31,
1997.  The  remaining  increases  in revenue  for the  quarter  and nine
months period were  generated  from  increased  demand for services from
the other subsidiaries.

Cost of  Revenues  increased  during  the  third  quarter  to  80.08% of
revenues  from  77.17% of  revenues  for the same  period in 1996.  This
increase was due to the startup  cost  associated  with Able  Integrated
Services,  Inc.  ("AIS") of  approximately  $140,000 and cost associated
with the expansion of GEC  activities in the Texas market area.  For the
nine month  period  ended July 31,  1997,  cost of revenues  were 77.87%
compared to 78.50% for the first nine months of 1996.  This  improvement
is primarily a reflection of the improved  labor  productivity  and cost
cutting   measures   within  the  Traffic   Management   Group  and  the
assimilation of GEC and Dial acquisitions.

General and  administrative  expense  during the quarter  ended July 31,
1997 increased  $398,907 from  $1,744,143 in 1996 to $2,143,050 in 1997.
For the  nine  months  ended  July 31,  1997  these  expenses  increased
$1,499,672  from  $4,866,655 in 1996 to  $6,366,327 in 1997.  All of the
increase  in General  and  Administrative  expenses  for the quarter and
nine months ended July 31, 1997 can be  attributed  to the  assimilation
of the GEC and Dial  acquisitions..  These  expense  totals  represent a
significant  decline as a percentage  of revenues  from prior years as a
result of the Company's  efforts to enhance  financial  controls and the
implementation of a cost containment program.

The  increase  in  interest  expense  during the  quarter and nine month
period   ending  July  31,  1997   reflects   the  recent   addition  of
acquisition-related  debt and the  financing of  equipment  purchases as
well as the payment of debt with the proceeds from the  Preferred  stock
issue.

Depreciation and amortization  expense increased $553,669 and $1,490,288
for the  quarter  and nine month  period  ended  July 31,  1997 from the
corresponding  periods in 1996. The GEC and Dial acquisitions  represent
approximately  $354,000  and  $1,003,000  of the total  increase for the
quarter  and nine month  period  respectively.  The  remaining  increase
resulted from the continuing  improvement  and updating of the Company's
equipment.

Other  income  and  expense  includes  a  $335,625  non-cash  charge for
compensation  recognized  on stock options  granted to certain  officers
and  directors at a discount to market during the quarter ended July 31,
1997.  Other  income and  expense  for the  quarter  ended July 31, 1997
also  includes a recapture  of bad debt of $200,000  and a reduction  in
reserves for  settlement of  litigation of $297,087  based on offsets as
determined by counsel.

The Company has continued to monitor its Latin  American  operations due
to poor  operating  results in 1996.  During the nine month period ended
July 31, 1997 Able's  international  operations have shown  improvement.
These improvements  resulted from the stabilization of the exchange rate
and increase in revenue producing contracts.
<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES


Revenues  and net income  (loss)  from  Able's  international  operating
subsidiaries  are presented  below for the quarter and nine months ended
July 31, 1997 and 1996.  These figures  exclude cost associated with the
continued  marketing and development cost of the "Neurolama" product and
general and administrative cost of the International Management Group.
 
<TABLE>
<CAPTION>
                                    Able Telcom International
                             For the quarter         For the nine month
                                  ended                 period ended
                                 July 31,                  July 31,
                          ----------------------    ---------------------
   From Operating Subsidiaries
<S>                     <C>          <C>         <C>          <C> 
                             1997         1996        1997         1996

    Revenues            $1,287,309   $  774,043  $3,135,483   $ 3,121,656
    Expenses             1,027,582      805,052   2,895,667     5,278,063
                         ---------    ---------   ---------    ----------
    Net income (loss)   $  259,727   $ (31,009)  $  239,816   $(2,156,407)
                         =========    =========   =========    ==========
</TABLE>

Based  on the  current  facts  and  circumstances  associated  with  the
renewed  profitability  of the Latin American  operations,  the value of
certain  foreign tax credits  increased  resulting in the recognition of
$244,861  of income tax  benefit  in the  quarter  ended July 31,  1997.
This amount is not reflected in the previous table.

The  Company's  net  equity  in  Latin   American   operations   totaled
$1,619,818 and $1,183,111 at July 31, 1997 and 1996, respectively.

The foreign currency  translation and transaction losses improved during
the third quarter of 1997. The  stabilization of the Venezuelan  bolivar
resulted  in a  decrease  in  foreign  currency  losses  of  $6,282  and
$3,929,054  for the quarter and nine month period ended July 31, 1997 as
compared to the same periods for 1996.

Income tax  expense  (benefit)  for the  quarter  and nine month  period
ended July 31, 1997 and 1996 differ from the amounts  that would  result
from  applying  federal and state  statutory tax rates to pre tax income
(loss)  primarily due to non  deductible  goodwill,  losses from foreign
operations and the  recalculation of other deferred tax items from prior
years based on current facts and circumstances.

Liquidity and Capital Resources

 Cash and cash  equivalents were $6,381,668 at July 31, 1997 compared to
$3,267,161  at October  31,  1996.  Cash was  impacted  during the first
nine months of 1997 was  primarily  the result of private  placement  of
preferred stock.

On December  2, 1996 the Company  entered  into a  $3,000,000  Term Loan
(the "Term  Loan")  with a bank  in  connection  with  refinancing  the
acquisition  of GEC on  October  12,  1996.  The Term Loan is payable in
sixty monthly  installments  of $50,000 plus interest at prime (8.50% at
July 31,  1997).  Excess cash flow of GEC, as defined,  is to be paid to
the Bank.  The Term Loan contains  covenants,  which require among other
conditions,  that the  Company  maintain  certain  tangible  net  worth,
working   capital   and  debt   service   amounts.   The  Term  Loan  is
collateralized  by all real and personal  property of GEC. Proceeds from
the Term Loan were partially used to repay a $1,500,000  note payable to

<PAGE>

                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

a bank,  outstanding  at October  31,  1996 and due on December 2, 1996.
The remaining proceeds were used to repay the Company's lines of credit.

Effective  December 20, 1996 the Company  completed a private  placement
transaction  of 1,000  shares of $.10 par  value,  Series A  Convertible
Preferred Stock (the Preferred  Stock) and warrants to purchase  200,000
shares of the Company's  common stock.  Gross proceeds from the offering
totaled  $6,000,000.  Each share of Preferred  Stock is  convertible  to
shares  of the  Company's  common  stock  after  April  30,  1997 at the
lesser  of $9.82  per share or at a  discount  (ranging  from 10% to 20%
depending upon the date of conversion) of the average  closing bid price
of a share  of  common  stock  for  three  days  proceeding  the date of
conversion.  The Preferred Stock accrues  dividends at an annual rate of
5% and is payable  quarterly in arrears in cash or through a dividend of
additional  shares of  Preferred  Stock.  In addition,  the  accumulated
deficit and earnings  attributable to common stock reflects  adjustments
for cumulative  preferred  dividends and imbedded dividends arising from
discounted  conversion  terms on the preferred  stock.  The warrants are
exercisable  at  $9.82  per  share  after  one  year  provided  that the
Preferred  Stock is not  converted  to common  stock  prior to the first
anniversary  of the private  placement.  Upon the  occurrence of certain
events the Company may be  required to redeem the  preferred  stock at a
price equal to the liquidation  preference,  plus any accrued and unpaid
dividends  plus an amount  determined by formula.  The proceeds from the
private  placement  were used to repay a $1,869,050  note payable to the
sellers of H.C. Connell,  Inc., a $250,000 note payable to a director in
connection  with the  acquisition  of Connell,  and  $2,015,895  due the
former  principals  of GEC by GEC at the  date  of  acquisition,  all of
which were  outstanding at October 31, 1996.

In  addition,  on  December  2,  1996,  the  Company  acquired  all  the
outstanding  common stock of Dial.  As  consideration,  the Company paid
$3,000,000 in cash,  issued  108,489  shares of common stock (fair value
of $620,421)  and issued an $892,000  promissory  note with a three year
term  bearing  interest at prime  (8.50% at July 31,  1997) plus 1/2%. The
cash  component of the  purchase  was funded in part from the  Company's
line of credit and the remainder  through a $1,900,000  Term Loan from a
bank with  interest at prime  (8.50% at July 31,  1997) plus 1/2%. On July
15, 1997 the initial  debt was repaid with  proceeds  from a  $2,982,000
term note.  See Note 3.

The Company  expects  that  available  cash will be  sufficient  to meet
normal operating requirements over the near term.



<PAGE>

                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

Part II - Other Information

Items 1-5. Not applicable
<TABLE>
<S>        <C>
Item 6.         Exhibits and Reports on Form 8-K

            a)   Exhibits - None

            b)   Reports on Form 8-K

                 On December 21, 1995,  the Company  filed a Current  Report
                 on  Form  8-K  and   reported   on  Item  2  thereof,   the
                 acquisition  of H.  C.  Connell,  Inc.  This  Form  8-K was
                 amended  on May  6,  1997  and  May  30,  1997  to  include
                 financial statements pursuant to Regulation S-X.


                 On October 12, 1996,  the Company filed a Current Report on
                 Form 8-K and  reported on Item 2 thereof,  the  acquisition
                 of Georgia Electric  Company.  This Form 8-K was amended on
                 May 6, 1997 to include  financial  statements  pursuant  to
                 Regulation S-X.

</TABLE>





<PAGE>
                       ABLE TELCOM HOLDING CORP.
                            AND SUBSIDIARIES

                              SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.

                       Able Telcom Holding Corp.
                              (Registrant)



      By:   /s/ Gerry W. Hall                   September 15, 1997
            --------------------------------  
            Gerry W. Hall, President and CEO