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Acmat Corp.
Second Quarter Earnings - June 30, 2005
Published Oct 10 2005
3 min read

Second Quarter Earnings - June 30, 2005

PRESS RELEASE October 7, 2005 For confirmation call: ACMAT Corporation Henry W. Nozko, Jr., President 233 Main Street (860) 229-9000 New Britain, CT 06050 ACMAT REPORTS SECOND QUARTER EARNINGS 3 Months Ended June 30, 6 Months Ended June 30, 2005 2004 2005 2004 Revenues $4,957,484 7,445,945 10,910,681 14,088,097 Net Earnings $ 823,462 684,711 1,595,518 1,204,035 Basic Earnings Per Share $ .37 .30 .71 .52 Diluted Earnings Per Share $ .36 .29 .69 .51 ACMAT Corporation reported net earnings of $823,462 or basic earnings per share of $.37 for the three months ended June 30, 2005 compared with $684,711 or basic earnings per share of $.30 for the three months ended June 30, 2004. Net earnings for the six months ended June 30, 2005 were $1,595,518 or basic earnings per share of $.71 compared to $1,204,035 or basic earnings per share of $.52 for the six months ended June 30, 2004. For the three months ended June 30, 2005, the Company recorded revenues of $4,957,484 compared to $7,445,945 for the three months ended June 30, 2004. For the six months ended June 30, 2005, revenues were $10,910,681 compared to $14,088,097 for the six months ended June 30, 2004. ACMAT 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. ACMAT'S Insurance Group includes ACSTAR Insurance Company and United Coastal Insurance Company. ACSTAR, licensed nationwide, provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors and miscellaneous surety. United Coastal, approved nationwide, provides specialty general, environmental and professional liability insurance primarily to general contractors, specialty trade and environmental contractors, property owners, as well as architects, consultants and engineers. United Coastal also offers products liability.