ACMAT Corp (ACMT)

[NathanH]

ACMAT CORPORATION
ACMAT Corporation was formed in 1950 as a specialty trade building contractor.
During the late 1970’s the breadth of operations expanded and the company evolved into a general building contractor. In 2009 the company discontinued the construction operations. ACMAT Corporation is currently a holding company.
Thank you for your interest in our company. We generated solid earnings in 2014, which extends our record of generating income for 61 years out of our 64 year history. We write surety bonds for construction contractors. We are licensed and provide bonds for construction contractors in all 50 states

During 2014, we again met our company plan and goal of increasing per share equity, which increased to $32.36 at December 31, 2014 from $31.05 at December 31, 2013.
In keeping with and continuing our more than 25 year stock repurchase program, during 2014 the company purchased 66,525 shares of the company’s Class A stock and 100 shares of the company’s Common stock. The total consideration for all purchases was $1,834,240.
The shares were cancelled and retired and the purchase price has been reflected as an offset to retained earnings. We expect to continue such purchases in the future.

ACMT
Shares issued and outstanding (357,966)2015 (592,088) 1998
ACMTA
Shares issued and outstanding (594,782) 2015 (2,460,808) 1998
Equity in 1998 37,622,926
2014-2015
Assets 74,477,076
Liabilities 44,639,528
Equity 29,837,548
Revenue 4,076,250
During 2014, net income was $888,000