PRESS RELEASE September 26, 2006
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,
2006 2005 2006 2005
Revenues $6,311,281 4,957,484 12,032,680 10,910,681
Net Earnings $1,197,517 823,462 2,078,490 1,595,518
Basic Earnings Per Share $ .56 .37 .95 .71
Diluted Earnings Per Share $ .53 .36 .91 .69
ACMAT Corporation reported net earnings of $1,197,517 or basic earnings per share of $.56 for the three months ended June 30, 2006 compared with $823,462 or basic earnings per share of $.37 for the three months ended June 30, 2005. Net earnings for the six months ended June 30, 2006 were $2,078,490 or basic earnings per share of $.95 compared to $1,595,518 or basic earnings per share of $.71 for the six months ended June 30, 2005.
For the three months ended June 30, 2006, the Company recorded revenues of $6,311,281 compared to $4,957,484 for the three months ended June 30, 2005. For the six months ended June 30, 2006, revenues were $12,032,680 compared to $10,910,681 for the six months ended June 30, 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, provides surety bonds for prime contractors, specialty trade, environmental remediation and asbestos abatement contractors and miscellaneous surety.