PRESS RELEASE August 19, 2011
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, | |||
2011 | 2010 | 2011 | 2010 | |
Revenues | $1,564,306 | 2,270,066 | 3,246,633 | 4,571,092 |
Net Earnings | $ 295,431 | 486,545 | 587,232 | 988,624 |
Basic Earnings Per Share | $ .22 | .36 | .43 | .72 |
Diluted Earnings Per Share | $ .20 | .33 | .40 | .66 |
ACMAT Corporation reported net earnings of $295,431 or basic earnings per share of $.22 for the three months ended June 30, 2011 compared with $486,545 or basic earnings per share of $.36 for the three months ended June 30, 2010. Net earnings for the six months ended June 30, 2011 were $587,232 or basic earnings per share of $.43 compared to $988,624 or basic earnings per share of $.72 for the six months ended June 30, 2010.
For the three months ended June 30, 2011, the Company recorded revenues of $1,564,306 compared to $2,270,066 for the three months ended June 30, 2010. For the six months ended June 30, 2011, revenues were $3,246,633 compared to $4,571,092 for the six months ended June 30, 2010.
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.