PRESS RELEASE August 11, 2010
For confirmation call:
ACMAT Corporation Henry W. Nozko, Jr., President
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.