ROYAL OAK, Mich., Feb. 22, 2012 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced a slow but profitable
quarter. This represents the seventh consecutive profitable
quarter for Bonal. Revenue decreased from a $619,500 record last year to $405,533. Profits dropped to $8,043 from last year's $109,855. Earnings per share were flat this
quarter compared to last year's $0.06. But the nine month numbers for
fiscal year 2012 remained strong while not quite matching last
year. Revenue at $1,648,570 was
down just three percent from last year's $1,692,172. Profits for the nine months
were a respectable $273,197 down from
$344,673. Earnings per share
were $0.16 versus $0.20 last year.
"As Bonal continues to expand and explore applications in new
markets we are laying groundwork that should propel us toward
future growth," said Thomas E.
Hebel, interim president and CEO of Bonal. "Meanwhile
we are comparing a good nine months to one of our strongest periods
in our history. This quarter also displayed the potential of
the Bonal's on-site service program."
Thirty-six percent of the sales by volume came from Bonal's top
of the line computer controlled system. Another eleven
percent of the revenue were from Bonal's on-site service, double
its average.
"Most importantly fifty-five percent of our sales came from, or
by reference through, our current customers," said Hebel.
"They appreciate what Meta-Lax does for them and they want more of
it. As long as they continue to value our revolutionary
technology Bonal will continue to remain strong."
During the quarter Bonal paid an $0.08 per share dividend, second highest dividend
paid by the company.
This is the seventh quarter with Bonal under the leadership of
interim President Thomas E.
Hebel.
Bonal International Reports Third Quarter
Third
Quarter Ending December 31
|
|
2012
|
2011
|
Revenue
|
$405,533
|
$619,500
|
Net
Income
|
$8,043
|
$109,855
|
Earnings Per Share
|
$0.00
|
$0.06
|
Note: This table contains unaudited results.
Nine
Months Ending December 31
|
|
2012
|
2011
|
Revenue
|
$1,648,570
|
$1,692,172
|
Net
Income
|
273,197
|
344,673
|
Earnings Per Share
|
0.16
|
0.20
|
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:
|
Thomas E.
Hebel
|
Toll
Free:
|
800.638.2529 ext.236
|
International:
|
248.582.0900 ext.236
|
Email:
|
thebel@bonal.com
|
SOURCE Bonal International, Inc.