ROYAL OAK, Mich., Nov. 15, 2013 /PRNewswire/ -- Bonal
International, Inc. (OTC: BONL) announced second quarter revenue
results of $581,325 up 12 percent
from first quarter results of $519,077. Net income was $114,148 an increase of 109 percent compared to
$54,544 first quarter earnings.
Earnings per share for the second quarter were $0.07 compared to $0.03 for the first quarter.
"Year to date earnings compared to last year were less robust.
The looming government shutdown and the debt ceiling controversy
took a toll on September sales and revenue," said A. George Hebel, Chairman of Bonal
International, Inc. "In the second quarter efforts were in line for
high return but were affected by companies that backed off a bit
due to the government uncertainty."
Six month revenue was $1,100,402,
down six percent from last fiscal year's first six months.
The six month net income was $168,692
down twenty-nine percent from last year's results. Likewise,
the six month earnings were $0.10 per
share down from $0.14 per share last
year.
Continuing the first quarter trend new customer sales accounted
for 62 percent of sales by unit volume.
Bonal International, Inc. Reports Second Quarter
Results
|
Second Quarter
Ending September 30,
|
|
2013
|
2012
|
|
Revenue
|
$581,325
|
$747,048
|
|
Net
Income
|
114,148
|
201,196
|
|
Earnings Per
Share
|
0.07
|
0.12
|
|
Note: This table
contains unaudited results.
|
|
|
|
Six Months Ending
September 30,
|
|
2013
|
2012
|
|
Revenue
|
$1,100,402
|
$1,169,653
|
|
Net
Income
|
168,692
|
237,152
|
|
Earnings Per
Share
|
0.10
|
0.14
|
|
Note: This table
contains unaudited results.
|
The Bonal International, Inc. 2013 Annual Report can be found at
www.bonal.com/invest/invest.html
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.
SOURCE Bonal International, Inc.