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Acmat Corp.
Second Quarter Earnings - June 30, 2010
Published Aug 12 2010
3 min read

Second Quarter Earnings - June 30, 2010

PRESS RELEASE                                                                                                                 August 11, 2010

                                                                             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,

 

2010

2009

2010

2009

 

 

 

 

 

Revenues

$2,270,066

3,132,522

4,571,092

6,131,444

 

 

 

 

 

Net Earnings       

$   486,545

154,419

988,624

390,917

 

 

 

 

 

Basic Earnings Per Share

$          .36

.11

.72

.28

 

 

 

 

 

Diluted Earnings Per Share

$          .33

.10

.66

.26

 

 

ACMAT Corporation reported net earnings of $486,545 or basic earnings per share of $.36 for the three months ended June 30, 2010 compared with $154,419 or basic earnings per share of $.11 for the three months ended June 30, 2009.  Net earnings for the six months ended June 30, 2010 were $988,624 or basic earnings per share of $.72 compared to $390,917 or basic earnings per share of $.28 for the six months ended June 30, 2009.

 

For the three months ended June 30, 2010, the Company recorded revenues of $2,270,066 compared to $3,132,522 for the three months ended June 30, 2009.  For the six months ended June 30, 2010, revenues were $4,571,092 compared to $6,131,444 for the six months ended June 30, 2009.

 

ACMAT’s insurance subsidiary, ACSTAR Insurance Company, is licensed nationwide and provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors.  ACSTAR also provides miscellaneous surety and some general liability insurance.