Business
Fourth Quarter and Year Ended December 31, 2006
Fourth Quarter and Year Ended December 31, 2006.
About this update from Acmat Corp.
[{"type":"text","content":"PRESS RELEASE\t\t\tApril 11, 2007\n\t\t\t\t\t\nFor confirmation call:\nACMAT Corporation\nHenry W. Nozko, Jr., President \n233 Main Street\nNew Britain, CT 06050\t\t\t(860) 229-9000\n\n\nACMAT REPORTS FOURTH QUARTER AND YEAR END RESULTS\n\n\nFourth Quarter Ended December 31,Year EndedDecember 31,\n\t 2006\t 2005\t 2006 2005\n\t\t\t\t\n\t\t\t\t\nRevenues $5,535,126 14,100,860 24,199,331 30,539,699\n\t\t\t\t\nNet earnings $1,467,745\t 5,784,203 4,999,319 8,483,722\n\t\t\t\t\nBasic Earnings Per Share $ .76\t 2.58\t2.43\t3.77\n\t\t\t\t\nDiluted Earnings Per Share $ .71 2.49\t 2.30\t3.66\n\t\t\t\t\n\n\nACMAT Corporation reported net earnings of $1,467,745 or basic earnings per share of $.76 for the three months ended December 31, 2006 compared with net earnings of $5,784,203 which included a one time gain of approximately $5,000,000 from the sale of United Coastal Insurance Company on November 22, 2005 or basic earnings per share of $2.58 for the three months ended December 31, 2005. Net earnings for the year ended December 31, 2006 were $4,999,319 or basic earnings per share of $2.43 compared with $8,483,722 which included the one time gain of approximately $5,000,000 or basic earnings per share of $3.77 for the year ended December 31, 2005.\n\nFor the three months ended December 31, 2006, the Company recorded revenues of $5,535,126 compared to $14,100,860 which included $7,336,667 from the sale of United Coastal Insurance Company on November 22, 2005 for the same three months in 2005. For the year ended December 31, 2006, the Company recorded revenues of $24,199,331, compared to $30,539,699 for 2005 which included $7,336,667 from the sale of United Coastal Insurance Company.\n\nACMAT provides design and construction services to commercial, industrial, corporate and institutional customers. ACMAT focuses on renovating interiors of existing facilities, as well as new building construction.\n\nACMAT's insurance subsidiary, ACSTAR Insurance Company is licensed nationwide and provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors and miscellaneous surety.\n\n\n","length":2104,"tagName":"div"}]