2014

Bonal International Reports Record Second Quarter Revenue, Net Income, and Earnings Per Share Expand to Record Levels in Second Quarter for Vibratory Stress Relief Technology Leader

ROYAL OAK, Mich., Nov. 15, 2011 /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 $175,700, a new record and a 58 percent increase, while revenue grew to $672,651 another new record and a 24 percent increase compared to last year's second quarter.  Earnings per share rose to $0.10 a record for the second quarter marking a 67 percent increase.  The six month numbers for fiscal year 2012 were also impressive.  Revenue increased to $1,243,036, a 16 percent increase over last fiscal year and a new corporate record for revenue generated in the first six months.  The six month net income was $265,154, an increase of 13 percent over last year's results.  Likewise, the six month earnings grew to $0.15 per share, an increase of 15 percent from last year's six month results.  

"During the second quarter we saw a huge increase in the number of current customers buying upgraded Meta-Lax® stress relief equipment," said Thomas E. Hebel, interim president and CEO of Bonal Technologies, Inc.  "The amount of repeat sales clearly highlights that our customers appreciate the benefits gained from using Meta-Lax and want to enhance their results.  Nearly half of our sales by volume this quarter came from our new touch-screen system, the model 2400."

This quarter also marks the sixth quarter with Bonal under the leadership of interim President Thomas E. Hebel.  

Bonal International Reports Second Quarter

Second Quarter Ending September 30,


2011

2010

Revenue

$672,651

$542,987

Net Income

175,700

110,858

Earnings Per Share

0.10

0.06

Note: This table contains unaudited results.



Six Months Ending September 30,


2011

2010

Revenue

$1,243,036

$1,072,692

Net Income

 265,154

234,818

Earnings Per Share

0.15

 0.13

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.



RELATED LINKS
http://www.bonal.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.