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Acmat Corp.
First Quarter Earnings - March 31, 2010
Published May 27 2010
4 min read

First Quarter Earnings - March 31, 2010

PRESS RELEASE                                                                            May 27, 2010

 

 

ACMAT Corporation                                                                          For confirmation call:

233 Main Street                                                                                 Henry W. Nozko, Jr., President

P.O. Box 2350                                                                                  (860) 229-9000

New Britain, CT 06050-2350                                                              

                                                                                                       

 

                                          ACMAT REPORTS FIRST QUARTER EARNINGS

                                                                             

 

                                                                                             Three Months Ended March 31,

 

2010

2009

 

 

 

Revenues

 

 

$2,301,026

 

 

2,998,922

 

Net Earnings

 

$   502,077

 

236,497

 

Basic Earnings Per Share

 

$         .37

 

.17

 

Diluted Earnings Per Share

 

$         .34

 

.16

 

 

 

 

ACMAT Corporation reported net earnings of $502,077 or basic earnings per share of $.37 for the quarter ended March 31, 2010 compared with $236,497 or basic earnings per share of $.17 in 2009.

 

For the quarter ended March 31, 2010, the Company recorded revenues of $2,301,026 compared with $2,998,922 for the same period in 2009.

 

ACMAT’s Insurance subsidiary, ACSTAR Insurance Company is licensed nationwide and provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors.  ACSTAR also provides miscellaneous surety and some general liability insurance.