PRESS RELEASE May 29, 2012
For confirmation call:
ACMAT Corporation Henry W. Nozko, Jr., President
233 Main Street
New Britain, CT 06050 (860) 229-9000
ACMAT CORPORATION REPORTS FIRST
QUARTER 2012 RESULTS
Quarter Ended
March 31,
2012 2011
Net earnings $372,334 $306,564
Revenues $1,736,443 $1,682,327
Basic earnings per-share $0.27 $0.22
Diluted earnings per-share $0.25 $0.21
Net earnings increased $65,770, or 21%, from $306,564 for the quarter ended March 31, 2011 to $372,334 for the quarter ended March 31, 2012. Revenues increased $54,116, or 3%, from $1,682,327 for the quarter ended March 31, 2011 to $1,736,443 for the quarter ended March 31, 2012. Basic earnings per-share increased from $0.22 per-share in the first quarter of 2011 to $0.27 in the first quarter of 2012.
ACMAT’s insurance subsidiary, ACSTAR Insurance Company, is licensed nationwide and provides surety bonds for prime contractors, specialty trade and environmental remediation contractors. ACSTAR also provides miscellaneous surety and some general liability.