PRESS RELEASE August 17, 2007
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,
2007 2006 2007 2006
Revenues $5,381,694 6,311,281 10,901,182 12,032,680
Net Earnings $1,101,205 1,197,517 2,174,041 2,078,490
Basic Earnings Per Share $.58 .56 1.15 .95
Diluted Earnings Per Share $.54 .53 1.07 .91
ACMAT Corporation reported net earnings of $1,101,205 or basic earnings per share of $.58 for the three months ended June 30, 2007 compared with $1,197,517 or basic earnings per share of $.56 for the three months ended June 30, 2006. Net earnings for the six months ended June 30, 2007 were $2,174,041 or basic earnings per share of $1.15 compared to $2,078,490 or basic earnings per share of $.95 for the six months ended June 30, 2006.
For the three months ended June 30, 2007, the Company recorded revenues of $5,381,694 compared to $6,311,281 for the three months ended June 30, 2006. For the six months ended June 30, 2007, revenues were $10,901,182 compared to $12,032,680 for the six months ended June 30, 2006.
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 subsidiary, ACSTAR Insurance Company, is licensed nationwide, provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors and miscellaneous surety.