Bonal International Reports First Quarter Results
Bonal Posts a 52 percent Increase in First Quarter Profits
ROYAL OAK, Mich., Aug. 5, 2013 /PRNewswire/ — Bonal International, Inc. (OTC: BONL) announced first quarter revenue results of $519,077 up 23 percent from last year’s $422,605. Net income was $54,544 an increase of 52 percent compared to $35,956 last year. Earnings per share increased accordingly to $0.03 compared to $0.02 last year.
“This is a nice start to the new fiscal year,” said A. George Hebel, Chairman of Bonal International, Inc. “We continue to see an increase in companies who are contacting us for the first time to take advantage of the benefits the Meta-Lax® technology provides.”
During the quarter new customer sales accounted for 61 percent of sales by volume. Total unit sales were up 29 percent over last year’s first quarter.
First Quarter Ending June 30 -------------------------- 2013 2012 ---- ---- Revenue $519,077 $422,605 Net Income $54,544 $35,956 Earnings Per Share $0.03 $0.02 Note: This table contains unaudited results.
Bonal International Inc., through its wholly owned subsidiary, Bonal Technologies, Inc. is the 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 54 countries worldwide. Headquartered in Royal Oak, Mich., Bonal serves the aerospace, armament, automotive, petroleum, die casting, mining, racing, machine tool building, mold making, 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 time, energy, and monetary costs of competing technologies. More information can be found at www.bonal.com or by calling 1-800-Metal-29.
Contact: A. George Hebel Toll Free: 800.638.2529 International: 248.582.0900 Email: info@Bonal.com
SOURCE Bonal International, Inc.