Bonal International, Inc. Posts Record Quarterly Profit
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."
Second
Quarter Ending September 30,
|
|
2012
|
2011
|
Revenue
|
$747,048
|
$672,651
|
Net
Income
|
201,196
|
175,700
|
Earnings Per Share
|
0.12
|
0.10
|
Note: This
table contains unaudited results.
|
Six
Months Ending September 30,
|
|
2012
|
2011
|
Revenue
|
$1,169,653
|
$1,243,036
|
Net
Income
|
237,152
|
265,154
|
Earnings Per Share
|
0.14
|
0.15
|
Note: This
table contains unaudited results.
|
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.