PRESS RELEASE May 27, 2010
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,
2010 | 2009 | ||
Revenues | $2,301,026 | 2,998,922 | |
Net Earnings | $ 502,077 | 236,497 | |
Basic Earnings Per Share | $ .37 | .17 | |
Diluted Earnings Per Share | $ .34 | .16 | |
ACMAT Corporation reported net earnings of $502,077 or basic earnings per share of $.37 for the quarter ended March 31, 2010 compared with $236,497 or basic earnings per share of $.17 in 2009.
For the quarter ended March 31, 2010, the Company recorded revenues of $2,301,026 compared with $2,998,922 for the same period in 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.