ACMAT Corp. (ACMT: OTC Link) | Third Quarter Earnings

Third Quarter Earnings – September 30, 2011

Nov 15, 2011

OTC Disclosure News Service

New Britain, CT –

PRESS RELEASE                                                                                             November 15, 2011

 

 

                                                                                                                     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

 

ACMAT Corporation reported net earnings of $400,435 or basic earnings per share of $.29 for the three months ended September 30, 2011 compared with $238,833 or basic earnings per share of $.17 for the three months ended September 30, 2010.  Net earnings for the nine months ended September 30, 2011 were $987,667 or basic earnings per share of $.72 compared to $1,227,457 or basic earnings per share of $.90 for the nine months ended September 30, 2010.

 

For the three months ended September 30, 2011, the Company recorded revenues of $1,788,891 compared to $1,947,602 for the three months ended September 30, 2010.  For the nine months ended September 30, 2011, revenues were $5,035,524 compared to $6,518,694 for the nine months ended September 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.

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/ACMT/news?id=38061

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