PRESS RELEASE November 30, 2005
For confirmation call:
ACMAT Corporation Henry W. Nozko, Jr., President
233 Main Street (860) 229-9000
New Britain, CT 06050
ACMAT REPORTS THIRD QUARTER EARNINGS
3 Months Ended September 30, 9 Months Ended September 30,
2005 2004 2005 2004
Revenues $5,528,158 8,061,565 16,438,839 22,149,662
Net earnings $1,104,001 874,686 2,699,519 2,078,721
Basic Earnings Per Share $ .49 .38 1.20 .90
Diluted Earnings Per Share $ .48 .37 1.17 .88
ACMAT Corporation reported net earnings of $1,104,001 or basic earnings per share of $.49 for the three months ended September 30, 2005, compared to $874,686 or basic earnings per share of $.38 for the three months ended September 30, 2004. Net earnings for the nine months ended September 30, 2005 were $2,699,519 or basic earnings per share of $1.20 compared to $2,078,721 or basic earnings per share of $.90 for the nine months ended September 30, 2004.
For the quarter ended September 30, 2005, the Company recorded revenues of $5,528,158, compared to $8,061,565 for 2004. For the nine months ended September 30, 2005, revenues were $16,438,839 compared to $22,149,662 for the nine months ended September 30, 2004.
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.