Bonal International Reports Second Quarter Results for Fiscal 2014 Bonal Posts a 109 Percent Increase over First Quarter Profits

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.



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