PRESS RELEASE June 22, 2006
ACMAT Corporation For confirmation call:
233 Main Street Henry W. Nozko, Jr., President
P.O. Box 2350 (860) 229-9000
New Britain, CT 06050-2350
ACMAT REPORTS FIRST QUARTER EARNINGS
Three Months Ended March 31,
2006 2005
Revenues $5,721,399 5,953,197
Net Earnings $ 880,973 772,056
Basic Earnings Per Share $ .40 .34
Diluted Earnings Per Share $ .38 .33
ACMAT Corporation reported net earnings of $880,973 or basic earnings per share of $.40 for the quarter ended March 31, 2006, compared with $772,056 or basic earnings per share of $.34 in 2005.
For the quarter ended March 31, 2006, the Company recorded revenues of $5,721,399 compared with $5,953,197 for the same period in 2005.
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 and provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors and miscellaneous surety.