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Bonal International, Inc. Posts Record Quarterly Profit
Revenue, Net Income, and Earnings Per Share Impressive in Second Quarter for Vibratory Stress Relief Technology Leader
By: PR Newswire
Nov. 29, 2012 03:22 PM
ROYAL OAK, Mich., Nov. 29, 2012 /PRNewswire/ -- Bonal International, Inc. (OTC: BONL) announced continued increases in net income, revenue, and earnings per share for the second quarter. Net income increased to a corporate record $201,196, a fifteen percent increase, while revenue grew to $747,048, an eleven percent increase compared to last year's second quarter. Earnings per share rose to another corporate record of $0.12 from last year's $0.10. The six month numbers for fiscal year 2013 were also good, although off of last year's record six month pace. Revenue was $1,169,653, down six percent from last fiscal year's first six months. The six month net income was $237,152, down eleven percent from last year's results. Likewise, the six month earnings were $0.14 per share down slightly from $0.15 per share last year.
"This quarter was exciting from start to finish," said Thomas E. Hebel, interim president and CEO of Bonal Technologies, Inc. "We sold equipment in ten different countries including for the first time in Costa Rica, plus we saw another six current customers ordering more systems. Our Model 2400 touch screen system continues to be our runaway favorite system accounting for 50% of our total sales by volume."
Bonal International, Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the patent holder and world's leading provider of sub-harmonic vibratory stress relief and weld conditioning technology. Bonal provides three lines of equipment Meta-Lax® Stress Relief and Weld Conditioning, Pulse Puddle Arc Welding®, and Black Magic® Distortion Control, which are sold in the United States and more than 50 countries worldwide. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, plastic molding, ship building, and welding industries. Bonal's Meta-Lax® technology is used for eliminating thermal stress in metal parts, thereby preventing warping and cracking, at a fraction of the energy and monetary costs of competing technologies. More information can be found at www.Bonal.com or by calling 1-800-Meta-Lax.
SOURCE Bonal International, Inc.
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