PRESS RELEASE August 10, 2012
For confirmation call:
ACMAT Corporation Henry W. Nozko, Jr., President
233 Main Street
New Britain, CT 06050 (860) 229-9000
ACMAT CORPORATION REPORTS
SECOND QUARTER 2012 RESULTS
Three Months Ended Six Months Ended
June 30 June 30
2012 2011 2012 2011
Net earnings $275,532 $283,766 $647,866 $590,330
Revenues $1,512,845 $1,564,306 $3,348,276 $3,246,633
Basic earnings per-share $0.20 $0.21 $0.48 $0.43
Diluted earnings per-share $0.20 $0.19 $0.46 $0.40
Net earnings were $283,766 for the quarter ended June 30, 2011 compared to $275,532 for the quarter ended June 30, 2012. Revenues were $1,564,306 for the quarter ended June 30, 2011 compared to $1,512,845 for the quarter ended June 30, 2012. Basic earnings per-share were $0.21 per-share in the second quarter of 2011 compared to $0.20 in the second quarter of 2012.
For the six months ended June 30, 2012, Net earnings increased $57,536 or 10% from $590,330 for the six months ended June 30, 2011 to $647,866 for the six months ended June 30, 2012. Revenues increased $101,643 or 3% from $3,246,633 for the six months ended June 30, 2011 to $3,348,276 for the six months ended June 30, 2012. Basic earnings per-share increased from $0.43 per-share in the six months ended of 2011 to $0.48 in the six months ended 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.