PRESS RELEASE May 30, 2008
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,
2008 2007
Revenues $3,835,420 5,519,488
Net Earnings 545,068 1,072,837
Basic Earnings Per Share $.31 .56
Diluted Earnings Per Share $.28 .53
ACMAT Corporation reported net earnings of $545,068 or basic earnings per share of $.31 for the quarter ended March 31, 2008 compared with $1,072,837 or basic earnings per share of $.56 in 2007.
For the quarter ended March 31, 2008, the Company recorded revenues of $3,835,420 compared with $5,519,488 for the same period in 2007.
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. ACSTAR also provides miscellaneous surety and some general liability insurance.